Billerica Municipal Employees Credit Uniion (EIN 042495191) - 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

2012

Legal Domicile

Principal Officer

Phil Loranger

Phone

9786672434

Tax Period

2023-01-01 to 2023-12-31

Billerica Municipal Employees Credit Uniion, founded in 2012, is a small nonprofit that reported $599K in total revenue in fiscal year 2023. Revenue surged 37% from the prior year, signaling strong growth momentum. The organization ran a surplus of $244K, a strong 41% operating margin.

Mission

Deposit gathering and lending 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 $0

Program Service Revenue $235,321

Investment Income $356,831

Other Revenue $6,566

TOTAL REVENUE $598,718

Expense Breakdown

Grants Paid $0

Salaries & Benefits $194,602

Fundraising Expenses $0

Other Expenses $160,324

TOTAL EXPENSES $354,926

Year-over-Year Comparison

	2023	2022	Change
Revenue	$598,718	$435,732	+0.4%
Expenses	$354,926	$345,243	+0.0%
Net Income	$243,792	$90,489	+1.7%

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

$56,652

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Paul Morris	Chairperson/President	3.00	Officer Director	$0	$0	$0
Edward Dunton	Treasurer	20.00	Officer	$56,652	$0	$56,652
Donna McCoy	Clerk/Secretary	2.00	Officer Director	$0	$0	$0
Daniel Powderly	Director	2.00	Director	$0	$0	$0
Olivia Canario	Director	2.00	Director	$0	$0	$0
Maureen Dunton	Director	2.00	Director	$0	$0	$0
Mary St George	Director	2.00	Director	$0	$0	$0
Joseph Devlin	Director	2.00	Director	$0	$0	$0
Allen Metivier	Director	2.00	Director	$0	$0	$0
Kevin C Buckley	Assistant Treasurer	2.00	Director	$0	$0	$0
Glen Magnan	Director	2.00	Director	$0	$0	$0
Jeanne Teehan	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$598,718	$354,926	$19,170,141	$243,792
2022	$435,732	$345,243	$19,859,292	$90,489
2021	$366,785	$339,944	$19,892,840	$26,841
2020	$400,715	$329,328	$17,556,685	$71,387
2019	$427,273	$304,538	$15,867,565	$122,735
2018	$391,529	$284,909	$14,844,738	$106,620

Billerica Municipal Employees Credit Uniion