MASS CREDIT UNION SHARE INSURANCE CORP (EIN 042296410) - 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

1961

Legal Domicile

Principal Officer

MICHAEL C HANSON

Phone

6177580546

Tax Period

2023-10-01 to 2024-09-30

MASS CREDIT UNION SHARE INSURANCE CORP, founded in 1961, is a community nonprofit that reported $6.8M in total revenue in fiscal year 2023. Revenue surged 43% from the prior year, signaling strong growth momentum. Expenses of $7.6M exceeded revenue, resulting in a 12% operating deficit.

Mission

TO STRENGTHEN THE CREDIT UNION MOVEMENT BY PROVIDING EXCESS SHARE & DEPOSIT INSURANCE AND ASSOCIATED SERVICES FOR CREDIT UNIONS AND THEIR 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 $0

Program Service Revenue $3,388,486

Investment Income $1,582,668

Other Revenue $1,853,072

TOTAL REVENUE $6,824,226

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,305,030

Fundraising Expenses $0

Other Expenses $5,310,668

TOTAL EXPENSES $7,615,698

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,824,226	$4,771,301	+0.4%
Expenses	$7,615,698	$5,507,611	+0.4%
Net Income	$-791,472	$-736,310	+0.1%

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

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

$1,649,036

Total Directors

$50,250

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATTHEW G SCHONDEK	DIRECTOR	5.00	Director	$6,000	$0	$6,000
GREGORI A MARTUCCI	DIRECTOR	5.00	Director	$5,500	$0	$5,500
RICHARD N MITCHELL MD	DIRECTOR	5.00	Director	$4,750	$0	$4,750
MICHAEL E MURPHY	DIRECTOR	5.00	Director	$6,750	$0	$6,750
DIANE M PERALTA	DIRECTOR	5.00	Director	$5,750	$0	$5,750
NEIL CREAN	DIRECTOR	5.00	Director	$6,500	$0	$6,500
GEORGE HARDIMAN	DIRECTOR	5.00	Director	$4,000	$0	$4,000
GLENN S WELCH	DIRECTOR	5.00	Director	$4,250	$0	$4,250
THERESA DORILAS	DIRECTOR	5.00	Director	$6,750	$0	$6,750
LAURA YBARRA	DIRECTOR	5.00	Director	$0	$0	$0
MICHAEL C HANSON	PRESIDENT/CEO	40.00	Officer	$942,693	$58,091	$1,000,784
N ANTHONY ST PIERRE	VP OF TECHNOLOGY / SECURIT	40.00	Officer	$168,505	$41,008	$209,513
JOHN CIAMPA	TREASURER	40.00	Officer	$241,806	$58,127	$299,933
ERIKA MORIN	DIRECTOR OF TRAINING AND MEMBER SERVICES	40.00	Officer	$94,158	$44,648	$138,806

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	$6,824,226	$7,615,698	$97,416,149	$-791,472
2023	$4,771,301	$5,507,611	$100,193,736	$-736,310
2022	$6,906,491	$6,772,976	$111,182,062	$133,515
2021	$8,027,079	$8,769,446	$143,887,479	$-742,367
2020	$8,435,820	$7,503,163	$152,871,313	$932,657
2019	$7,009,240	$6,487,449	$126,344,650	$521,791
2018	$6,045,767	$5,701,230	$113,448,817	$344,537

MASS CREDIT UNION SHARE INSURANCE CORP