SPRINGFIELD ST RAILWAY EMPLOYEES CREDIT UNION (EIN 041859607) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1927

Legal Domicile

Principal Officer

DAVID TANCRATI

Phone

4137814454

Tax Period

2024-01-01 to 2024-12-31

SPRINGFIELD ST RAILWAY EMPLOYEES CREDIT UNION, founded in 1927, is a micro nonprofit that reported $95K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Net assets of $324K represent 41 months of operating reserves.

Mission

PROVIDE BANKING SERVICES FOR MEMBERS

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $64,559

Investment Income $30,793

Other Revenue $0

TOTAL REVENUE $95,352

Expense Breakdown

Grants Paid $0

Salaries & Benefits $60,055

Fundraising Expenses $0

Program Expenses $89,700

Other Expenses $39,903

TOTAL EXPENSES $99,958

Year-over-Year Comparison

	2024	2023	Change
Revenue	$95,352	$86,903	+0.1%
Expenses	$99,958	$113,102	-0.1%
Net Income	$-4,606	$-26,199	-0.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

180

Independent Members

N/A

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$3,600

Total Directors

$3,600

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WALTER KOCOR	MANAGER & DIRECTOR	40.00	Highest	$41,600	$0	$41,600
DAVID TANCRATI	PRESIDENT	3.00	Officer Director	$3,600	$0	$3,600
KEITH ELLSWORTH	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
WILLIAM WILLIAMS	CLERK	2.00	Officer Director	$0	$0	$0
YOLANDA MCCRAY	DIRECTOR AUDIT COMMITTEE	2.00	Director	$0	$0	$0
RICHARD GARDNER	DIRECTOR AUDIT COMMITTEE	2.00	Director	$0	$0	$0
RENITA BELL	DIRECTOR AUDIT COMMITTEE	2.00	Director	$0	$0	$0
MILTON CARRASQUILLO	TREASURER	2.00	Officer Director	$0	$0	$0
ELIEZER BURGOS	DIRECTOR	2.00	Director	$0	$0	$0
OLETHA WELLS	DIRECTOR	0.50	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$95,352	$99,958	$1,173,205	$-4,606
2023	$86,903	$113,102	$1,409,006	$-26,199
2022	$77,595	$84,831	$1,412,170	$-7,236
2021	$80,966	$87,335	$1,411,593	$-6,369
2020	$88,844	$82,924	$1,405,600	$5,920
2019	$97,911	$113,406	$1,375,284	$-15,495
2018	$97,372	$90,243	$1,575,190	$7,129

SPRINGFIELD ST RAILWAY EMPLOYEES CREDIT UNION