NATIONAL RURAL LETTER CARRIERS' ASSOCIATION (EIN 530116149) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1903

Legal Domicile

Principal Officer

DONALD MASTON

Phone

7037978409

Tax Period

2024-07-01 to 2025-06-30

NATIONAL RURAL LETTER CARRIERS' ASSOCIATION, founded in 1903, is a mid-sized nonprofit that reported $40.4M in total revenue in fiscal year 2018. Expenses of $37.5M left a modest 7% surplus.

Mission

THE ASSOCIATION WORKS TO ORGANIZE AND CREATE A UNITED FORCE, ADVANCE THE INTEREST OF ALL MEMBERS, ENSURE JOB SECURITY, AND ENHANCE OPPORTUNITIES. THE ASSOCIATION SEEKS TO ASSIST ITS MEMBERS TO ACHIEVE THEIR HIGHEST ASPIRATIONS. THE OBJECT OF THE ASSOCIATION IS TO IMPROVE CONDITIONS OF LABOR WITH USPS, ADVANCE THE METHODS USED BY RURAL LETTER CARRIERS AND PROMOTE FRATERNAL SPIRIT AMONG ITS MEMBERS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $45,633,337

Investment Income $1,478,420

Other Revenue $4,259,719

TOTAL REVENUE $51,371,476

Expense Breakdown

Grants Paid $0

Salaries & Benefits $31,140,542

Fundraising Expenses $0

Other Expenses $15,066,629

TOTAL EXPENSES $46,207,171

Year-over-Year Comparison

	2024	2023	Change
Revenue	$51,371,476	$49,214,047	+0.0%
Expenses	$46,207,171	$43,817,275	+0.1%
Net Income	$5,164,305	$5,396,772	0.0%

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

N/A

Employees

429

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

$2,220,684

Total Directors

$2,220,684

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DON MASTON	PRESIDENT	60.00	Officer Director	$198,316	$53,354	$251,670
PATRICK PITTS	VICE PRESIDENT	60.00	Officer Director	$192,699	$54,845	$247,544
THOMAS TURNER	SECRETARY-TREASURER	60.00	Officer Director	$191,750	$51,210	$242,960
BRIDGET BOSEAK	DIR., LABOR RELATIONS (TO 8/24)	60.00	Officer Director	$171,519	$38,068	$209,587
SHIRLEY BAFFA	DIR., STEWARD (TO 8/24)	60.00	Officer Director	$185,269	$33,336	$218,605
CHESTER NICKY PHILLIPS	EXECUTIVE COMMITTEE	60.00	Officer Director	$157,289	$37,812	$195,101
JEANETTE DWYER	EXECUTIVE COMMITTEE	60.00	Officer Director	$164,684	$17,238	$181,922
JOHN ADAMS	EXECUTIVE COMMITTEE	60.00	Officer Director	$169,720	$35,991	$205,711
KIRBY RICKETTS	EXECUTIVE COMMITTEE	60.00	Officer Director	$115,949	$30,525	$146,474
BETHANY SMALL	EXECUTIVE COMMITTEE	60.00	Officer Director	$143,733	$27,432	$171,165
MIKE MEROLA	EXECUTIVE COMMITTEE	60.00	Officer Director	$134,954	$14,991	$149,945
LYNNE PALLER	DIR., INSURANCE PROGRAMS	40.00	Highest	$178,361	$35,305	$213,666
PAUL SWARTZ	DIR., GOVT AFFAIRS	40.00	Highest	$163,785	$68,573	$232,358
SANDRA CLAY	AREA STEWARD (TO 8/24)	40.00	Highest	$160,404	$0	$160,404
TOM SISK	AREA STEWARD (TO 8/24)	40.00	Highest	$155,209	$0	$155,209
JEFFREY ESSICK	AREA STEWARD (TO 8/24)	40.00	Highest	$149,228	$0	$149,228
RONNIE STUTTS	FORMER PRESIDENT	0.00		$241,851	$0	$241,851

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	$51,371,476	$46,207,171	$70,162,805	$5,164,305
2024	$49,214,047	$43,817,275	$64,705,677	$5,396,772
2023	$49,175,326	$43,800,363	$58,544,156	$5,374,963
2022	$50,569,237	$39,599,020	$52,984,479	$10,970,217
2021	$48,452,793	$35,349,320	$41,760,728	$13,103,473
2020	$45,208,677	$39,193,680	$27,660,058	$6,014,997
2019	$40,441,109	$37,530,073	$21,591,861	$2,911,036

NATIONAL RURAL LETTER CARRIERS' ASSOCIATION