HAVERHILL FIRE DEPARTMENT CREDIT UNION (EIN 042228208) - 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

1933

Legal Domicile

Principal Officer

DAVID BUTT

Phone

9783728833

Tax Period

2025-01-01 to 2025-12-31

HAVERHILL FIRE DEPARTMENT CREDIT UNION, founded in 1933, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2025. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $1.0M left a modest 8% surplus.

Mission

CREDIT UNION

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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 $788,178

Investment Income $284,057

Other Revenue $59,952

TOTAL REVENUE $1,132,187

Expense Breakdown

Grants Paid $0

Salaries & Benefits $358,338

Fundraising Expenses $0

Other Expenses $678,759

TOTAL EXPENSES $1,037,097

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,132,187	$1,032,611	+0.1%
Expenses	$1,037,097	$996,368	+0.0%
Net Income	$95,090	$36,243	+1.6%

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

$148,936

Total Directors

$13,307

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID BUTT	MANAGER/TREA	40.00	Officer	$144,598	$4,338	$148,936
TOMMIE GARRETT	DIRECTOR/CUS	10.00	Director	$13,307	$0	$13,307
TYLER DAVID	DIRECTOR	0.50	Director	$0	$0	$0
JAMES HINDS	DIRECTOR	0.50	Director	$0	$0	$0
CHRISTOPHER JONES	DIRECTOR	0.50	Director	$0	$0	$0
TED MAZZOTTA	DIRECTOR	0.50	Director	$0	$0	$0
RODNEY NUTTER	VICE PRESIDE	0.50	Officer Director	$0	$0	$0
BRIAN RAY	DIRECTOR	0.50	Director	$0	$0	$0
RICH SHELLENE	DIRECTOR	0.50	Director	$0	$0	$0
JON STRONACH	DIRECTOR	0.50	Director	$0	$0	$0
ERIC TARPY	PRESIDENT	0.50	Officer Director	$0	$0	$0
RICHARD WENTWORTH	DIRECTOR	0.50	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	$1,132,187	$1,037,097	$26,859,612	$95,090
2024	$1,032,611	$996,368	$26,175,849	$36,243
2023	$921,738	$849,431	$24,837,825	$72,307
2022	$738,862	$678,217	$25,248,356	$60,645
2021	$636,298	$585,589	$24,009,817	$50,709
2020	$562,824	$561,639	$22,976,502	$1,185
2019	$610,117	$580,402	$18,381,315	$29,715
2018	$636,547	$565,658	$17,764,888	$70,889

HAVERHILL FIRE DEPARTMENT CREDIT UNION