National Association of Letter Carriers Central Iowa Merged Branch 352 (EIN 420894526) - 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

1900

Legal Domicile

Principal Officer

KELLY J STROTTMAN

Phone

5152823723

Tax Period

2023-01-01 to 2023-12-31

National Association of Letter Carriers Central Iowa Merged Branch 352, founded in 1900, is a small nonprofit that reported $222K in total revenue in fiscal year 2023. Expenses of $199K left a modest 11% surplus.

Mission

To promote and protect our members collectively bargained contractual rights with the USPS

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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 (2023)

Revenue Breakdown

Contributions & Grants $219,013

Program Service Revenue $0

Investment Income $95

Other Revenue $3,315

TOTAL REVENUE $222,423

Expense Breakdown

Grants Paid $0

Salaries & Benefits $78,524

Fundraising Expenses $0

Other Expenses $120,235

TOTAL EXPENSES $198,759

Year-over-Year Comparison

	2023	2022	Change
Revenue	$222,423	$213,583	+0.0%
Expenses	$198,759	$218,489	-0.1%
Net Income	$23,664	$-4,906	-5.8%

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

412

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

$52,945

Total Directors

Key Employees

$7,475

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KELLY J STROTTMAN	President	15.00	Officer	$18,460	$1,726	$20,186
MARVELLA H MURE HOLLAND	Vice President	10.00	Officer	$10,945	$1,259	$12,204
LORI J OTTO	SecretaryTreasurer	5.000	Officer	$6,864	$0	$6,864
KEITH I BROWN	Treasurer	5.000	Officer	$7,368	$475	$7,843
MICHELLE M PAULSEN	Trustee	3.000	Officer	$4,146	$1,702	$5,848
MICHAEL L MCKINNEY	Trustee	N/A		$0	$0	$0
JENNIFER M SMITH	Trustee	3.000		$5,253	$248	$5,501
MICHAEL J WELCH	Trustee	N/A		$0	$0	$0
DAVID S WEAVER	Insurance Rep	N/A	Key Emp	$0	$0	$0
RICKY E NORRIS	Trustee	2.000		$2,660	$308	$2,968
BRIAN C RIGGINS	Insurance Rep	3.000	Key Emp	$3,839	$220	$4,059
TYWONYIA L HUGHES	Sergeant At Arms	3.000	Key Emp	$3,196	$220	$3,416

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$222,423	$198,759	$316,680	$23,664
2022	$213,583	$218,489	$293,074	$-4,906
2021	$198,720	$138,541	$297,846	$60,179

National Association of Letter Carriers Central Iowa Merged Branch 352