NATIONAL ASSOCIATION OF LETTER CARRIERS BRANCH 111 (EIN 876121682) - 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

1891

Legal Domicile

Principal Officer

Michael J Wahlquist

Phone

8019736705

Tax Period

2024-01-01 to 2024-12-31

NATIONAL ASSOCIATION OF LETTER CARRIERS BRANCH 111, founded in 1891, is a small nonprofit that reported $528K in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $456K left a modest 14% surplus.

Mission

We enforce the terms of our labor agreement with the United States Postal Service.

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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 $527,559

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $527,559

Expense Breakdown

Grants Paid $0

Salaries & Benefits $289,571

Fundraising Expenses $0

Program Expenses $0

Other Expenses $166,588

TOTAL EXPENSES $456,159

Year-over-Year Comparison

	2024	2023	Change
Revenue	$527,559	$427,820	+0.2%
Expenses	$456,159	$481,263	-0.1%
Net Income	$71,400	$-53,443	-2.3%

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

$190,353

Total Directors

Key Employees

$150,476

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael J Wahlquist	President	45	Officer Key Emp Highest	$92,326	$0	$92,326
Michael Hansen	Executive Vice President	15	Officer Key Emp	$32,260	$0	$32,260
Robert Jewell	OWCP Coordinator	12	Officer Key Emp	$22,546	$0	$22,546
Michael Madsen	Treasurer	8	Officer	$15,117	$0	$15,117
Stephen McNees	Recording Secretary	8.00	Officer	$14,748	$0	$14,748
Destiney Carrillo	Vice President	4	Officer Key Emp	$3,344	$0	$3,344
Justin Lindquist	Organizer, Safety and Health Officer	2	Officer	$2,375	$0	$2,375
Chad Mortensen	Chief Trustee	2	Officer	$2,218	$0	$2,218
Mike Simonsen	Sgt-at-Arms	2.00	Officer	$2,148	$0	$2,148
Jeff Asay	Director of Retirees	2.00	Officer	$1,774	$0	$1,774
Jim Kerekes	Director of Health Benefits	2.00	Officer	$1,497	$0	$1,497
Kirk McLaughlin	Trustee	2.00		$1,331	$0	$1,331

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	$527,559	$456,159	$252,008	$71,400
2023	$386,418	$481,263	$175,717	$-94,845
2022	$381,984	$393,693	$270,703	$-11,709
2021	$359,537	$346,143	$280,522	$13,394
2020	$332,574	$304,765	$265,840	$27,809

NATIONAL ASSOCIATION OF LETTER CARRIERS BRANCH 111