NATIONAL ASSOCIATION OF LETTER CARRIERS

EIN: 046112352

WORCESTER, MA

Total Revenue
$329,080
Total Expenses
$269,618
Total Assets
$1,372,852
Net Assets
$1,372,852
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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
1891
Legal Domicile
MA
Principal Officer
JOSEPH P SERVIDEO
Phone
5087567426
Tax Period
2024-01-01 to 2024-12-31

NATIONAL ASSOCIATION OF LETTER CARRIERS, founded in 1891, is a small nonprofit that reported $329K in total revenue in fiscal year 2024. The organization ran a surplus of $59K, a strong 18% operating margin.

Mission

COLLECTIVE BARGAINING UNIT

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $309,267
Program Service Revenue $0
Investment Income $19,813
Other Revenue $0
TOTAL REVENUE $329,080

Expense Breakdown

Grants Paid $0
Salaries & Benefits $177,458
Fundraising Expenses $0
Other Expenses $92,160
TOTAL EXPENSES $269,618

Year-over-Year Comparison

2024 2023 Change
Revenue $329,080 $315,596 +0.0%
Expenses $269,618 $238,217 +0.1%
Net Income $59,462 $77,379 -0.2%
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

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Governance

Voting Members
2
Independent Members
N/A
Employees
20
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
5
$96,206
Total Directors
5
$96,206
Key Employees
5
$96,206
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL CIPRO PRESIDENT 16.00
Officer Director Key Emp
$44,688 $0 $44,688
MATTHEW MITCHELL EXECUTIVE VICE PRESIDENT 16.00
Officer Director Key Emp
$3,600 $0 $3,600
JOSEPH SERVIDEO TREASURER 8.00
Officer Director Key Emp
$12,800 $0 $12,800
CHRISTOPHER BOUDREAU VICE PRESIDENT 16.00
Officer Director Key Emp
$26,318 $0 $26,318
JOHN MAGLIARO SECRETARY 16.00
Officer Director Key Emp
$8,800 $0 $8,800
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 $329,080 $269,618 $1,372,852 $59,462
2023 $315,596 $238,217 $1,313,390 $77,379
2022 $283,288 $222,823 $1,236,011 $60,465
2021 $266,088 $201,769 $1,175,546 $64,319
2020 $272,919 $213,835 $1,111,227 $59,084
2019 $269,385 $225,233 $1,052,144 $44,152
2018 $257,580 $212,931 $1,009,106 $44,649
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