NATIONAL ASSOCOF LETTER CARRIERS BRANCH #73 (EIN 586067847) - 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

1961

Legal Domicile

Principal Officer

HERMAN R PHILLIPS

Phone

4042844222

Tax Period

2024-01-01 to 2024-12-31

NATIONAL ASSOCOF LETTER CARRIERS BRANCH #73, founded in 1961, is a small nonprofit that reported $737K in total revenue in fiscal year 2024. Expenses of $1.0M exceeded revenue, resulting in a 37% operating deficit.

Mission

LABOR UNION FOR LETTER CARRIERS

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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 (2024)

Revenue Breakdown

Contributions & Grants $729,542

Program Service Revenue $0

Investment Income $7,558

Other Revenue $0

TOTAL REVENUE $737,100

Expense Breakdown

Grants Paid $0

Salaries & Benefits $598,216

Fundraising Expenses $0

Other Expenses $413,315

TOTAL EXPENSES $1,011,531

Year-over-Year Comparison

	2024	2023	Change
Revenue	$737,100	$741,527	0.0%
Expenses	$1,011,531	$655,347	+0.5%
Net Income	$-274,431	$86,180	-4.2%

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

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

$275,265

Total Directors

$8,383

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HERMAN PHILLIPS	PRESIDENT	40.00	Officer	$72,808	$0	$72,808
BEN JACKSON	PRESIDENT	40.00	Officer	$94,839	$0	$94,839
ALLISON LOCKHART	VICE PRESIDENT	10.00	Officer	$87,744	$0	$87,744
LOYD JOHNSON	TREASURER	10.00	Officer	$3,900	$0	$3,900
RAYMOND KING	HEALTH BENEFIT REP	10.00	Officer	$2,620	$0	$2,620
VELMA WORTHY LINDLEY	RECORDING SECRETARY	10.00	Officer	$8,922	$0	$8,922
PIERRE SHEPPARD	FINANCIAL SECRETARY	40.00	Officer	$4,432	$0	$4,432
CANDACE BENEFIELD	TRUSTEE	10.00	Director	$3,058	$0	$3,058
MILTON MOORE	TRUSTEE	10.00	Director	$1,800	$0	$1,800
KHALILAH PARRISH	TRUSTEE	10.00	Director	$1,725	$0	$1,725
ROLAND CLARK	SERGEANT-AT-ARMS	10.00	Director	$1,800	$0	$1,800

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
2024	$737,100	$1,011,531	$546,389	$-274,431
2023	$741,527	$655,347	$818,453	$86,180
2022	$684,576	$754,654	$718,142	$-70,078
2021	$598,197	$493,885	$788,249	$104,312
2020	$656,628	$466,676	$683,475	$189,952
2019	$680,539	$521,242	$493,227	$159,297
2018	$630,367	$684,815	$332,539	$-54,448

NATIONAL ASSOCOF LETTER CARRIERS BRANCH #73