Community Credit Union of Lynn
Nonprofit profile at a glance
- EIN
- 042207787
- IRS 990 coverage
- 2010–2025
- Forms available
- Form 990 2025
- Location
- Lynn, MA, USA
- Phone
- 7815980820
- Rating
- 56
- Verdict
- MIXED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $10,530,274
- Expenses
- $11,577,745
- Assets
- $181,306,806
- Liabilities
- $170,316,694
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- NICHOLAS SARANTOPOULOS (CEO)
Highest reported compensation
- NICHOLAS SARANTOPOULOS (CEO): $278,323 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Credit union member service/thrift
What it reported doing in 2025
Maintenance of member share and deposit accounts and the payment of interest thereon
Operating model
- Revenue model
- Earned-program. 78% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 29
- Transparency & Controls: 66
- Accountability: 90
- Sustainability: 39
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 30.8%; rating input score 31
- Program expense ratio: 35.7%; rating input score 36
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 6 of 8 controls in place; rating input score 75
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -9.9%; rating input score 6; 6th percentile among comparable filings
- Total-asset coverage ratio: 15.66; rating input score 90; 90th percentile among comparable filings
- Liabilities to assets ratio: 0.94; rating input score 4; 4th percentile among comparable filings
- Officer compensation ratio: 2.4%; rating input score 77; 77th percentile among comparable filings
Growth
- Program expense growth: 13.4% per year; rating input score 100; 78th percentile among comparable filings
- Revenue growth: 3.1% per year; rating input score 100; 23rd percentile among comparable filings
- Asset growth: 2.1% per year; rating input score 100; 14th percentile among comparable filings
Details
- Where the money goes: 30.8% of revenue deployed · 35.7% of spending went to programs
- Governance: 9 of 9 board members independent · 6 of 8 filing controls reported
- Programs: 2 filed program accomplishments · $4.1M in reported program spending
- Leadership: top reported pay $278K · 9 people listed · 1 of 6 pay-setting controls reported
- Consistency: 28 of 28 current checks pass
- Schedules: 4 filed schedules · includes executive pay
- Filing history: 15 filing years from 2010 to 2025
- Contacts: How to reach this organization
- Money network: 6 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Mission deployment rate scored 31/100.
- Moderate — Financial Efficiency: Program expense ratio scored 36/100.
- High — Sustainability: Operating margin scored 6/100.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- High — Sustainability: Liabilities to assets ratio scored 4/100.