BOSTON TEACHERS UNION PREPAID LEGAL SERV ICES FUND (EIN 042751045) - 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

1981

Legal Domicile

Principal Officer

EUGENE MCGLYNN

Phone

6172880500

Tax Period

2023-09-01 to 2024-08-31

BOSTON TEACHERS UNION PREPAID LEGAL SERV ICES FUND, founded in 1981, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.2M, a strong 52% operating margin.

Mission

PROVIDE LEGAL SERVICES 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 $2,114,744

Investment Income $273,556

Other Revenue $0

TOTAL REVENUE $2,388,300

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $456,449

TOTAL EXPENSES $1,147,571

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,388,300	$2,207,576	+0.1%
Expenses	$1,147,571	$1,070,859	+0.1%
Net Income	$1,240,729	$1,136,717	+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

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

Total Directors

$92,754

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN CROSS	CHAIRPERSON	5.00	Director	$0	$0	$90,549
PAUL CHRISTIAN JR	TRUSTEE	5.00	Director	$0	$0	$0
CHARLES JOHNSON	TRUSTEE	5.00	Director	$0	$0	$0
DANIELLE WEST	TRUSTEE	5.00	Director	$0	$0	$2,205
CRYSTAL HAYNES	TRUSTEE	5.00	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
2024	$2,388,300	$1,147,571	$11,452,318	$1,240,729
2023	$2,207,576	$1,070,859	$9,791,989	$1,136,717
2022	$1,964,049	$1,151,064	$8,260,378	$812,985
2021	$130,917	$930,162	$8,184,345	$-799,245
2020	$1,732,207	$942,815	$8,572,053	$789,392
2019	$1,763,043	$1,106,237	$7,626,468	$656,806
2018	$1,665,840	$976,611	$6,837,320	$689,229

BOSTON TEACHERS UNION PREPAID LEGAL SERV ICES FUND