NORTHERN PAPER MILLS 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

1933

Legal Domicile

Principal Officer

MAUREEN BARTLEY

Phone

9204329044

Tax Period

2020-01-01 to 2020-05-31

NORTHERN PAPER MILLS CREDIT UNION, founded in 1933, is a small nonprofit that reported $372K in total revenue in fiscal year 2019. Revenue fell 61% from the prior year — a significant decline worth monitoring. Expenses of $1.9M exceeded revenue, resulting in a 414% operating deficit.

Mission

TO PROVIDE COMPETITIVE LOAN AND SAVINGS RATES, TODAY'S BEST FINANCIAL PRODUCTS, AND FRIENDLY, PERSONALIZED SERVICE FOR OUR MEMBERS AND THEIR FAMILIES.

Program Service Accomplishments

Program 1

THE CREDIT UNION HAS VARIOUS TYPES OF DEPOSIT ACCOUNTS AVAILABLE FOR OUR MEMBERS. WE OPENED 222 NEW DEPOSIT ACCOUNTS IN 2020. AS OF 05/31/2020 WE HAD 1,976 MEMBERS PRIOR TO OUR MERGER.

Program 2

THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 117 NEW LOANS TO OUR MEMBERS DURING 2020. AS OF 05/31/20 WE HAD 654 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 (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $339,349

Investment Income $31,073

Other Revenue $1,724

TOTAL REVENUE $372,146

Expense Breakdown

Grants Paid $0

Salaries & Benefits $251,617

Fundraising Expenses $0

Other Expenses $1,661,657

TOTAL EXPENSES $1,913,274

Year-over-Year Comparison

	2019	2018	Change
Revenue	$372,146	$965,585	-0.6%
Expenses	$1,913,274	$893,998	+1.1%
Net Income	$-1,541,128	$71,587	-22.5%

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

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

$55,949

Total Directors

$1,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID DESTREE	CHAIR	1.00	Officer Director	$500	$0	$500
DONALD LAMBERT	VICE CHAIR/T	1.00	Officer Director	$500	$0	$500
SUSAN VANDEN HEUVEL	SECRETARY	1.00	Officer Director	$500	$0	$500
DONALD ADLER	DIRECTOR	0.25	Director	$0	$0	$0
KEITH MCKEEFRY	DIRECTOR	0.25	Director	$0	$0	$0
WILLIAM BUCKMAN	DIRECTOR	0.25	Director	$0	$0	$0
CURT HAFFEMAN	DIRECTOR	0.25	Director	$0	$0	$0
MAUREEN BARTLEY	PRESIDENT/CE	40.00	Officer	$44,681	$9,768	$54,449

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
2020	$372,146	$1,913,274	No data	$-1,541,128
2019	$965,585	$893,998	$21,169,264	$71,587
2018	$957,755	$955,488	$21,831,492	$2,267