NATIONAL ASSOCIATION OF LETTER CARRIERS BRANCH 2184 (EIN 386145148) - 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

1924

Legal Domicile

Principal Officer

Walter McGregory

Phone

3132951640

Tax Period

2024-01-01 to 2024-12-31

NATIONAL ASSOCIATION OF LETTER CARRIERS BRANCH 2184, founded in 1924, is a small nonprofit that reported $574K in total revenue in fiscal year 2024. Expenses of $758K exceeded revenue, resulting in a 32% operating deficit.

Mission

FORM 990 - ORGANIZATION'S MISSION THE ORGANIZATION WAS FORMED TO SUPPORT EVERY MEMBER, NEW OR OLD, IN EVERY UNIT, LARGE OR SMALL, IN THEIR EFFORTS TO IMPROVE THE POSTAL SERVICE, SECURE FAIR AND EQUAL WORKING CONDITIONS AND ALL OF THE BENEFITS GUARANTEED UNDER THEIR NATIONAL AND LOCAL AGREEMENTS, AND THE RULES AND REGULATIONS GOVERNING THE POSTAL SERVICE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $566,753

Investment Income $7,155

Other Revenue $0

TOTAL REVENUE $573,908

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $758,008

TOTAL EXPENSES $758,008

Year-over-Year Comparison

	2024	2023	Change
Revenue	$573,908	$594,552	0.0%
Expenses	$758,008	$506,108	+0.5%
Net Income	$-184,100	$88,444	-3.1%

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

$220,102

Total Directors

Key Employees

$11,738

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Walter McGregory	President	40	Officer	$94,328	$0	$94,328
Jacqueline McGregory	Executive Vice President	20	Officer	$58,340	$0	$58,340
David Reise	Trustee	20		$41,984	$0	$41,984
Mark Owen	Financial Secretary Treasurer	12	Officer	$21,368	$0	$21,368
Joseph Golonka	Trustee	8		$17,271	$0	$17,271
Darryl Clay	Vice President	8	Officer	$14,965	$0	$14,965
Erik Venzke	MBA Rep	8	Officer	$12,705	$0	$12,705
James Hales	Editor - Web designer	8	Key Emp	$11,738	$0	$11,738
Scott Watts	Retiree Officer	4	Officer	$9,619	$0	$9,619
Katrina Jones	Recording Secretary	4	Officer	$8,583	$0	$8,583
Tracy Mitchell	Trustee	4.00		$7,376	$0	$7,376
Phil Ashford	Janitor/Employee	2	Highest	$3,149	$0	$3,149
Jennifer Rake	Steward/Employee	2	Highest	$2,462	$0	$2,462
Daniel Marek	Steward/Employee	2	Highest	$2,462	$0	$2,462
Chanel Harrison	Steward/Employee	2	Highest	$2,462	$0	$2,462
Paula Hall	Sergeant At Arms	0	Officer	$194	$0	$194
Jerry Cerpa	Health Benefits Rep	0	Officer	$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	$573,908	$758,008	$724,837	$-184,100
2023	$594,552	$506,108	$908,937	$88,444
2022	$546,912	$456,633	$820,493	$90,279
2021	$433,586	$401,006	$730,214	$32,580
2020	$447,545	$313,597	$697,634	$133,948

NATIONAL ASSOCIATION OF LETTER CARRIERS BRANCH 2184