LYNN MUNICIPAL EMPLOYEES CREDIT UNION (EIN 042264421) - 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

1941

Legal Domicile

Principal Officer

STEPHEN SPENCER

Phone

7815984000

Tax Period

2022-01-01 to 2022-12-31

LYNN MUNICIPAL EMPLOYEES CREDIT UNION, founded in 1941, is a micro nonprofit that reported $57K in total revenue in fiscal year 2022. Revenue fell 40% from the prior year — a significant decline worth monitoring. Expenses of $266K exceeded revenue, resulting in a 363% operating deficit.

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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $59,907

Investment Income $-3,065

Other Revenue $544

TOTAL REVENUE $57,386

Expense Breakdown

Grants Paid $0

Salaries & Benefits $62,403

Fundraising Expenses $0

Other Expenses $203,123

TOTAL EXPENSES $265,526

Year-over-Year Comparison

	2022	2021	Change
Revenue	$57,386	$96,047	-0.4%
Expenses	$265,526	$114,004	+1.3%
Net Income	$-208,140	$-17,957	+10.6%

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

$40,000

Total Directors

$58,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NATALIE BAKER	DIRECTOR AND	20.00	Director	$18,000	$0	$18,000
PAUL GAUDET	PRESIDENT	2.00	Officer Director	$15,000	$0	$15,000
STEPHEN SPENCER	TREASURER	20.00	Officer Director	$14,000	$0	$14,000
MARY AUDLEY	CLERK	20.00	Officer Director	$11,000	$0	$11,000
RYAN BOISSELLE	DIRECTOR	1.50	Director	$0	$0	$0
WILLIAM CLANCY	DIRECTOR	1.50	Director	$0	$0	$0
BARBARA MANN	DIRECTOR	1.50	Director	$0	$0	$0
GREG MATHESON	DIRECTOR	1.50	Director	$0	$0	$0
CHRISTINE PARADISE	DIRECTOR	1.50	Director	$0	$0	$0
JOE SCANLON	DIRECTOR	2.00	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
2022	$57,386	$265,526	No data	$-208,140
2021	$96,047	$114,004	$2,977,333	$-17,957
2020	$120,797	$120,784	$2,896,510	$13
2019	$130,133	$104,579	$2,677,001	$25,554
2018	$123,481	$96,450	$2,456,332	$27,031

LYNN MUNICIPAL EMPLOYEES CREDIT UNION