ENERGY CREDIT UNION

EIN: 042079800

WEST ROXBURY, MA

Total Revenue
$6,088,465
Total Expenses
$5,536,856
Total Assets
$131,307,492
Net Assets
$19,026,844
🔒

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
1931
Legal Domicile
MA
Principal Officer
HOOI SING TAN
Phone
6173251999
Tax Period
2024-01-01 to 2024-12-31

ENERGY CREDIT UNION, founded in 1931, is a community nonprofit that reported $6.1M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $5.5M left a modest 9% surplus.

Mission

ENERGY CREDIT UNION IS A STATE CHARTERED CREDIT UNION. THE CREDIT UNION PROVIDES DEPOSIT AND LOAN SERVICES TO ITS MEMBERS. ITS PRIMARY DEPOSIT PRODUCTS ARE SAVINGS, CHECKING AND TERM CERTIFICATE ACCOUNTS AND ITS PRIMARY LENDING PRODUCTS ARE RESIDENTIAL MORTGAGES AND CONSUMER LOANS.

🔒

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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $4,457,510
Investment Income $1,299,399
Other Revenue $331,556
TOTAL REVENUE $6,088,465

Expense Breakdown

Grants Paid $5,000
Salaries & Benefits $1,573,455
Fundraising Expenses $0
Other Expenses $3,958,401
TOTAL EXPENSES $5,536,856

Year-over-Year Comparison

2024 2023 Change
Revenue $6,088,465 $5,479,399 +0.1%
Expenses $5,536,856 $4,868,200 +0.1%
Net Income $551,609 $611,199 -0.1%
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
11
Independent Members
11
Employees
22
Volunteers
11

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
5
$479,737
Total Directors
11
$301,149
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HOOI SING TAN PRESIDENT & 40.00
Officer Director
$256,444 $44,705 $301,149
JAMES BROUDER CFO/TREASURE 40.00
Officer
$159,031 $19,557 $178,588
RICHARD ANDREW DIRECTOR N/A
Director
$0 $0 $0
JOHN BARRETT DIRECTOR N/A
Director
$0 $0 $0
ANTHONY CISTERNELLI DIRECTOR/ASS N/A
Director
$0 $0 $0
FAUSTINA FORTES CLERK N/A
Officer Director
$0 $0 $0
DAVID GAMACHE DIRECTOR N/A
Director
$0 $0 $0
SHANE HARRINGTON DIRECTOR N/A
Director
$0 $0 $0
JAMES GODDING JR CHAIRPERSON N/A
Officer Director
$0 $0 $0
ROBERT LEWIS DIRECTOR N/A
Director
$0 $0 $0
DANIEL O'CONNELL DIRECTOR N/A
Director
$0 $0 $0
FRANCO ROMERO VICE CHAIRPE N/A
Officer 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 $6,088,465 $5,536,856 $131,307,492 $551,609
2023 $5,479,399 $4,868,200 $129,582,050 $611,199
2022 $4,195,171 $3,517,053 $133,032,845 $678,118
2021 $3,598,268 $3,417,357 $110,350,166 $180,911
2020 $3,632,839 $3,432,271 $103,907,505 $200,568
2019 $3,695,624 $3,345,594 $92,552,941 $350,030
2018 $3,336,644 $3,108,090 $90,949,634 $228,554
Explore More Nonprofits
→Top 100 Nonprofits in Massachusetts →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare ENERGY 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.