LYNN POLICE CREDIT UNION (EIN 042025425) - 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

1945

Legal Domicile

Principal Officer

CHRISTOPHER P REDDY

Phone

7815952000

Tax Period

2024-01-01 to 2024-12-31

LYNN POLICE CREDIT UNION, founded in 1945, is a small nonprofit that reported $357K in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $324K left a modest 9% surplus.

Mission

CREDIT UNION - THRIFT SERVICES

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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 $236,152

Investment Income $121,096

Other Revenue $0

TOTAL REVENUE $357,248

Expense Breakdown

Grants Paid $0

Salaries & Benefits $120,046

Fundraising Expenses $0

Other Expenses $204,088

TOTAL EXPENSES $324,134

Year-over-Year Comparison

	2024	2023	Change
Revenue	$357,248	$281,118	+0.3%
Expenses	$324,134	$265,079	+0.2%
Net Income	$33,114	$16,039	+1.1%

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

$109,762

Total Directors

$109,762

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN COPPINGER	TREASURER	15.00	Officer Director	$31,276	$0	$31,276
CHRISTOPHER P REDDY	ASSISTANT TR	15.00	Officer Director	$31,276	$0	$31,276
EDWARD SHINNICK	OPS MANAGER	4.00	Officer Director	$21,580	$0	$21,580
RICHARD CARROW	PRESIDENT	4.00	Officer Director	$13,530	$0	$13,530
THOMAS N REDDY	VICE PRESIDE	6.00	Officer Director	$8,600	$0	$8,600
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
THOMAS MCDERMOTT	DIRECTOR	12.00	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
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

LYNN POLICE CREDIT UNION