POST OFFICE CREDIT UNION

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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

1930

Legal Domicile

Principal Officer

KEVIN YAEGER

Phone

6084179211

Tax Period

2021-01-01 to 2021-03-31

POST OFFICE CREDIT UNION, founded in 1930, is a small nonprofit that reported $130K in total revenue in fiscal year 2020. Revenue fell 89% from the prior year — a significant decline worth monitoring. Expenses of $1.2M exceeded revenue, resulting in a 810% operating deficit.

Mission

POST OFFICE CREDIT UNION IS A MEMBER-OWNED, NONPROFIT FINANCIAL COOPERATIVE, WHOSE PURPOSE IS TO PROVIDE FRIENDLY, CONVENIENT AND COMPETITIVE FAMILY FINANCIAL SERVICES TO MEMBERS WHILE MAINTAINING FINANCIAL INTEGRITY.

Program Service Accomplishments

Program 1

THE CREDIT UNION HAS VARIOUS TYPES OF DEPOSIT ACCOUNTS AVAILABLE FOR OUR MEMBERS. WE OPENED 20 NEW DEPOSIT ACCOUNTS IN 2021 PRIOR TO MERGER. AS OF 03/31/2021 WE HAD 2,973 MEMBERS PRIOR TO OUR MERGER.

Program 2

THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 55 NEW LOANS DURING 2021 PRIOR TO MERGER. AS OF 03/31/2021 WE HAD 1,249 LOANS TO OUR MEMBERS PRIOR TO OUR...

THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 55 NEW LOANS DURING 2021 PRIOR TO MERGER. AS OF 03/31/2021 WE HAD 1,249 LOANS TO OUR MEMBERS PRIOR TO OUR MERGER.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $180,292

Investment Income $-51,136

Other Revenue $1,125

TOTAL REVENUE $130,281

Expense Breakdown

Grants Paid $0

Salaries & Benefits $244,915

Fundraising Expenses $0

Other Expenses $940,834

TOTAL EXPENSES $1,185,749

Year-over-Year Comparison

	2020	2019	Change
Revenue	$130,281	$1,146,079	-0.9%
Expenses	$1,185,749	$1,117,161	+0.1%
Net Income	$-1,055,468	$28,918	-37.5%

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

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

$169,220

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN YAEGER	PRESIDENT/CE	40.00	Officer	$45,501	$70,236	$115,737
TAMMIE STUNTEBECK	VICE PRES	40.00	Officer	$22,324	$31,159	$53,483
JAMES WOLFF	CHAIR	2.00	Officer Director	$0	$0	$0
JOHN CUTA	VICE CHAIR	1.00	Officer Director	$0	$0	$0
RICHARD TRAMERI	TREASURER	1.00	Officer Director	$0	$0	$0
LOUIS ANTOINE	SECRETARY	1.00	Officer Director	$0	$0	$0
RODNEY LOTHE	DIRECTOR	1.00	Director	$0	$0	$0
LAUREL ZIMMERMAN	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK NEE	DIRECTOR	1.00	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
2021	$130,281	$1,185,749	No data	$-1,055,468
2020	$1,146,079	$1,117,161	$35,866,859	$28,918
2019	$1,234,513	$1,126,740	$33,205,029	$107,773
2018	$1,242,443	$1,173,680	$33,382,557	$68,763