HTM CREDIT UNION

EIN: 042011587

HAVERHILL, MA

Total Revenue
$969,240
Total Expenses
$846,728
Total Assets
$26,536,236
Net Assets
$3,811,252
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1937
Legal Domicile
MA
Principal Officer
JOSEPH W GRAHAM
Phone
9783747386
Tax Period
2023-01-01 to 2023-12-31

HTM CREDIT UNION, founded in 1937, is a small nonprofit that reported $969K in total revenue in fiscal year 2023. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $847K left a modest 13% surplus.

Mission

THE CREDIT UNION PROVIDES COST EFFECTIVE LOANS AND SHARES, AND A VARIETY OF BANKING SERVICES TO ITS MEMBERS.

Program Service Accomplishments

Program 1
Expenses: $846,727 Revenue: $969,241

THE CREDIT UNION HAS MEMBERS. THE CREDIT UNION PROVIDES DEPOSIT AND LENDING SERVICES. THE CREDIT UNION STRIVES TO KEEP THESE PRODUCTS AS LOW COST AND HIGH QUALITY AS POSSIBLE.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $556,204
Investment Income $306,657
Other Revenue $106,379
TOTAL REVENUE $969,240

Expense Breakdown

Grants Paid $0
Salaries & Benefits $380,649
Fundraising Expenses $0
Program Expenses $846,727
Other Expenses $466,079
TOTAL EXPENSES $846,728

Year-over-Year Comparison

2023 2022 Change
Revenue $969,240 $738,030 +0.3%
Expenses $846,728 $663,756 +0.3%
Net Income $122,512 $74,274 +0.6%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Sign In

Governance

Voting Members
10
Independent Members
9
Employees
5
Volunteers
12

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
4
$105,000
Total Directors
10
$105,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSEPH W GRAHAM CEOTREASURER 40.00
Officer Director
$105,000 $0 $105,000
CAMERON BOYD DIRECTOR 2.000
Director
$0 $0 $0
JOAN CONCA DIRECTOR 2.000
Director
$0 $0 $0
CLEMENTINA DANESE DIRECTOR 2.000
Director
$0 $0 $0
DIANE JUKNAVORIAN PRESIDENT 2.000
Officer Director
$0 $0 $0
KARA KOSMES CLERK 2.000
Officer Director
$0 $0 $0
PETER KITSOS DIRECTOR 2.000
Director
$0 $0 $0
ALAN RATTE ASST TREASURER 2.000
Officer Director
$0 $0 $0
PAMELA CARR DIRECTOR 2.000
Director
$0 $0 $0
PETER SHANAHAN DIRECTOR 2.000
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 No data No data No data No data
2023 $969,240 $846,728 $26,536,236 $122,512
2022 $738,030 $663,756 $27,796,762 $74,274
2021 $756,993 $607,097 $25,480,223 $149,896
2020 $700,270 $641,944 $22,664,500 $58,326
2019 $752,297 $648,283 $20,769,282 $104,014
2018 $728,115 $629,803 $20,487,951 $98,312
Explore More Nonprofits
→Top 100 Nonprofits in Massachusetts →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare HTM CREDIT UNION with other nonprofits in Massachusetts and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.