BURLINGTON MUNICIPAL EMPLOYEES CREDIT UNION (EIN 420750935) - 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

1939

Legal Domicile

Principal Officer

JONIE STEWART

Phone

3197528412

Tax Period

2025-01-01 to 2025-12-31

BURLINGTON MUNICIPAL EMPLOYEES CREDIT UNION, founded in 1939, is a small nonprofit that reported $247K in total revenue in fiscal year 2025. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $56K, a strong 23% operating margin.

Mission

SERVES THE FINANCIAL NEEDS FOR CITY EMPLOYEES AND THEIR FAMILY THROUGH SAVINGS AND LOANS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $207,701

Investment Income $37,497

Other Revenue $2,279

TOTAL REVENUE $247,477

Expense Breakdown

Grants Paid $0

Salaries & Benefits $88,085

Fundraising Expenses $0

Program Expenses $191,671

Other Expenses $103,586

TOTAL EXPENSES $191,671

Year-over-Year Comparison

	2025	2024	Change
Revenue	$247,477	$223,160	+0.1%
Expenses	$191,671	$183,935	+0.0%
Net Income	$55,806	$39,225	+0.4%

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

$43,560

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEN MORRIS	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
BRUCE WORKMAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
GREG HIGDON	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
DONALD RYAN	AUDIT COMMITTEE	1.00	Director	$0	$0	$0
GREG JOHNSON	CREDIT CHAIR	1.00	Director	$0	$0	$0
STEPHEN HARTMAN	AUDIT CHAIR	1.00	Director	$0	$0	$0
ANDREW SIEFKEN	AUDIT COMMITTEE	1.00	Director	$0	$0	$0
MADELINE HUNTER	CREDIT COMMITTEE	1.00	Director	$0	$0	$0
BEN COOPER	CREDIT COMMITTEE	1.00	Director	$0	$0	$0
JONIE STEWART	CEO	32.00	Officer	$43,560	$0	$43,560

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
2025	$247,477	$191,671	$4,604,339	$55,806
2024	$223,160	$183,935	$4,474,232	$39,225
2023	$197,356	$163,584	$4,783,196	$33,772
2022	$175,852	$150,278	$4,980,189	$25,574
2021	$172,730	$142,271	$4,903,904	$30,459
2020	$177,096	$153,042	$5,231,327	$24,054
2019	$193,911	$155,691	$4,359,531	$38,220
2018	$216,622	$291,868	$4,744,496	$-75,246

BURLINGTON MUNICIPAL EMPLOYEES CREDIT UNION