WATERTOWN MUNICIPAL CREDIT UNION

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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

1934

Legal Domicile

Principal Officer

BARBARA SHEEHAN

Phone

6179240160

Tax Period

2021-01-01 to 2021-12-31

WATERTOWN MUNICIPAL CREDIT UNION, founded in 1934, is a small nonprofit that reported $309K in total revenue in fiscal year 2021. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $68K, a strong 22% operating margin.

Mission

THE MISSION OF THE WATERTOWN MUNICIPAL CREDIT UNION IS TO SERVE THE EMPLOYEES OF WATERTOWN AND THEIR FAMILIES BY OFFERING HIGH QUALITY FINANCIAL PRODUCTS AND SERVICES. THE WATERTOWN MUNICIPAL CREDIT UNION SHALL PROTECT ITS MEMBER'S FINANCIAL ASSETS THROUGH A CONSERVATIVE MANAGEMENT STYLE THAT PAYS HIGH RATES ON SHARES AND CHARGES REASONABLE INTEREST RATES ON LOANS. THIS STYLE WILL NOT BE PROFIT-ORIENTED BUT WILL SEEK TO ENSURE THE FINANCIAL STABILITY OF THE CREDIT UNION. THE BOARD, MANAGEMENT AND STAFF OF THE W.M.C.U. ARE COMMITTED TO THE HIGHEST PROFESSIONAL CONDUCT AND ETHICAL STANDARD.

Program Service Accomplishments

Program 1

Expenses: $241,146 Revenue: $309,357

MAINTENANCE OF MEMBER DEPOSIT AND LOAN ACCOUNTS AND THE INVESTMENT THEREOF - 812 DEPOSIT ACCOUNTS AND 119 LOAN ACCOUNTS.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $165,979

Investment Income $143,033

Other Revenue $345

TOTAL REVENUE $309,357

Expense Breakdown

Grants Paid $0

Salaries & Benefits $155,220

Fundraising Expenses $0

Program Expenses $241,146

Other Expenses $85,926

TOTAL EXPENSES $241,146

Year-over-Year Comparison

	2021	2020	Change
Revenue	$309,357	$253,714	+0.2%
Expenses	$241,146	$238,247	+0.0%
Net Income	$68,211	$15,467	+3.4%

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

Independent Members

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

$21,471

Total Directors

$24,872

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTHONY FANTASIA	PRESIDENT/DIRECTOR	4.00	Officer Director	$5,412	$0	$5,412
THOMAS J TRACY	DIRECTOR	1.00	Director	$0	$0	$0
DOMENIC ARONE	DIRECTOR	1.00	Director	$0	$0	$0
SHANE GLEASON	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT MCLAUGHLIN	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA SHEEHAN	TREASURER/CLERK/DIRECTOR	6.00	Officer Director	$16,059	$0	$16,059
WILLIAM LOGUE	VICE PRESIDENT/DIRECTOR	1.00	Officer Director	$0	$0	$0
STEPHEN HAGGERTY	DIRECTOR	1.00	Director	$0	$0	$0
DIANE RYAN	DIRECTOR	1.00	Director	$3,401	$0	$3,401

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
2021	$309,357	$241,146	$11,264,494	$68,211
2020	$253,714	$238,247	$10,965,255	$15,467
2019	$277,076	$247,354	$9,946,363	$29,722
2018	$252,024	$232,858	$10,426,243	$19,166