LYNN POLICE 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

1945

Legal Domicile

Principal Officer

CHRISTOPHER P REDDY

Phone

7815952000

Tax Period

2025-01-01 to 2025-12-31

LYNN POLICE CREDIT UNION, founded in 1945, is a small nonprofit that reported $429K in total revenue in fiscal year 2025. Revenue surged 20% from the prior year, signaling strong growth momentum. The organization ran a surplus of $97K, a strong 23% operating margin.

Mission

CREDIT UNION - THRIFT SERVICES

Program Service Accomplishments

Program 1

MAINTENANCE OF MEMBERS' SHARE AND DEPOSIT ACCOUNTS. NUMBER OF ACCOUNTS IS 1,273. MAINTENANCE OF MEMBERS' LOAN ACCOUNTS. NUMBER OF ACCOUNTS IS 255.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $233,611

Investment Income $195,155

Other Revenue $0

TOTAL REVENUE $428,766

Expense Breakdown

Grants Paid $0

Salaries & Benefits $132,719

Fundraising Expenses $0

Other Expenses $199,221

TOTAL EXPENSES $331,940

Year-over-Year Comparison

	2025	2024	Change
Revenue	$428,766	$357,248	+0.2%
Expenses	$331,940	$324,134	+0.0%
Net Income	$96,826	$33,114	+1.9%

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

$117,752

Total Directors

$122,092

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN COPPINGER	TREASURER	15.00	Officer Director	$32,701	$0	$32,701
CHRISTOPHER P REDDY	ASSISTANT TR	15.00	Officer Director	$32,701	$0	$32,701
EDWARD SHINNICK	OPS MANAGER	4.00	Officer Director	$26,200	$0	$26,200
RICHARD CARROW	PRESIDENT	4.00	Officer Director	$14,050	$0	$14,050
THOMAS N REDDY	VICE PRESIDE	6.00	Officer Director	$8,600	$0	$8,600
ROBERT CORREALE	DIRECTOR	0.50	Director	$4,340	$0	$4,340
MARK O'TOOLE	CLERK	5.00	Officer Director	$3,500	$0	$3,500
CHRISTOPHER KELLY	DIRECTOR	4.00	Director	$0	$0	$0
MICHAEL KELTER	SECURITY OFF	4.00	Officer Director	$0	$0	$0
GRACE MCMANUS	DIRECTOR	4.00	Director	$0	$0	$0
MICHAEL VAIL	IT OFFICER	4.00	Director	$0	$0	$0
LAWRENCE WENTZELL	DIRECTOR	6.00	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
2025	$428,766	$331,940	$10,797,750	$96,826
2024	$357,248	$324,134	$10,345,415	$33,114
2023	$281,118	$265,079	$10,712,892	$16,039
2022	$232,462	$224,372	$11,934,340	$8,090
2021	$244,658	$252,028	$12,604,621	$-7,370
2020	$295,884	$270,082	$12,225,669	$25,802
2019	$330,306	$233,618	$11,381,365	$96,688
2018	$326,227	$248,078	$12,183,362	$78,149