WORKERS FEDERAL CREDIT UNION FKA WORKERS' CREDIT UNION (EIN 042079901) - 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

1914

Legal Domicile

Principal Officer

J TIMOTHY SMITH

Phone

9783451021

Tax Period

2021-01-01 to 2021-01-31

WORKERS FEDERAL CREDIT UNION FKA WORKERS' CREDIT UNION, founded in 1914, is a community nonprofit in the Public & Societal Benefit sector that reported $1.2M in total revenue in fiscal year 2020. Revenue fell 99% from the prior year — a significant decline worth monitoring. Expenses of $1.2M left a modest 3% surplus.

Mission

THE ORGANIZATION IS A STATE CHARTERED CREDIT UNION THAT SERVES MEMBERS WHO LIVE OR WORK IN MASSACHUSETTS.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,210,709

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,210,709

Expense Breakdown

Grants Paid $0

Salaries & Benefits $567,931

Fundraising Expenses $0

Other Expenses $603,630

TOTAL EXPENSES $1,171,561

Year-over-Year Comparison

	2020	2019	Change
Revenue	$1,210,709	$93,796,292	-1.0%
Expenses	$1,171,561	$86,973,420	-1.0%
Net Income	$39,148	$6,822,872	-1.0%

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

N/A

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC D SHAPIRO	DIRECTOR	1.00	Director	$0	$0	$0
SCOT BARRETT	DIRECTOR	1.00	Director	$0	$0	$0
MARY HEAFY	DIRECTOR/CHAIRMAN	1.00	Officer Director	$0	$0	$0
NILESH GUNDA	DIRECTOR/VICE CHAIR	1.00	Officer Director	$0	$0	$0
ROBERT MARKLEY	DIRECTOR/CLERK	1.00	Officer Director	$0	$0	$0
RYAN LICHWELL	DIRECTOR	1.00	Director	$0	$0	$0
ERICA LIGHT	DIRECTOR	1.00	Director	$0	$0	$0
RAVEN SMITH	DIRECTOR	1.00	Director	$0	$0	$0
DOUGLAS J PETERSEN	PRESIDENT/CEO	40.00	Officer	$0	$0	$0
J TIMOTHY SMITH	SVP - CFO & TREASURER	40.00	Officer	$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
2021	$1,210,709	$1,171,561	No data	$39,148
2020	$93,796,292	$86,973,420	$1,995,827,980	$6,822,872
2019	$94,853,020	$78,934,216	$1,871,285,750	$15,918,804
2018	$87,508,229	$71,395,261	$1,797,705,514	$16,112,968

WORKERS FEDERAL CREDIT UNION FKA WORKERS' CREDIT UNION