BOSTON LETTER CARRIERS MUTUAL BENEFIT ASSOCIATION (EIN 042205326) - 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

1889

Legal Domicile

Principal Officer

PETER W McSORLEY

Phone

6172699111

Tax Period

2023-01-01 to 2023-12-31

BOSTON LETTER CARRIERS MUTUAL BENEFIT ASSOCIATION, founded in 1889, is a small nonprofit that reported $257K in total revenue in fiscal year 2023. Expenses of $403K exceeded revenue, resulting in a 57% operating deficit.

Mission

TO PROVIDE BENEFITS TO MEMBERS

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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 (2023)

Revenue Breakdown

Contributions & Grants $8,985

Program Service Revenue $0

Investment Income $247,873

Other Revenue $0

TOTAL REVENUE $256,858

Expense Breakdown

Grants Paid $0

Salaries & Benefits $34,380

Fundraising Expenses $0

Other Expenses $180,653

TOTAL EXPENSES $402,533

Year-over-Year Comparison

	2023	2022	Change
Revenue	$256,858	$255,962	+0.0%
Expenses	$402,533	$334,696	+0.2%
Net Income	$-145,675	$-78,734	+0.9%

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

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

$34,380

Total Directors

$34,380

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS SHEEHAN	PRESIDENT	2.00	Officer Director	$9,900	$0	$9,900
DAVID McLEOD	TRUSTEE/RECORDING SEC.	8.00	Officer Director	$8,160	$0	$8,160
PETER W McSORLEY	TREASURER	8.00	Officer Director	$8,160	$0	$8,160
BRIAN SENIOR	FIN. SEC.	8.00	Officer Director	$8,160	$0	$8,160

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
2023	$256,858	$402,533	$6,481,460	$-145,675
2022	$255,962	$334,696	$6,627,135	$-78,734
2021	$276,340	$336,389	$6,705,870	$-60,049
2020	$248,704	$448,912	$6,771,359	$-200,208
2019	$283,738	$442,628	$6,971,567	$-158,890
2018	$283,405	$324,056	$7,132,832	$-40,651

BOSTON LETTER CARRIERS MUTUAL BENEFIT ASSOCIATION