AMALGAMATED TRANSIT UNION LOCAL 448 (EIN 041025670) - 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

1907

Legal Domicile

Phone

4137328041

Tax Period

2025-01-01 to 2025-12-31

AMALGAMATED TRANSIT UNION LOCAL 448, founded in 1907, is a small nonprofit that reported $429K in total revenue in fiscal year 2025. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $137K, a strong 32% operating margin.

Mission

LABOR UNION

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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 (2025)

Revenue Breakdown

Contributions & Grants $425,860

Program Service Revenue $0

Investment Income $3,336

Other Revenue $0

TOTAL REVENUE $429,196

Expense Breakdown

Grants Paid $0

Salaries & Benefits $133,479

Fundraising Expenses $0

Program Expenses $289,328

Other Expenses $157,724

TOTAL EXPENSES $291,703

Year-over-Year Comparison

	2025	2024	Change
Revenue	$429,196	$372,315	+0.2%
Expenses	$291,703	$311,884	-0.1%
Net Income	$137,493	$60,431	+1.3%

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

$10,483

Total Directors

$106,917

Key Employees

$96,434

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES HARRINGTON	BUSINESS AGENT	48.00	Director Key Emp	$96,434	$0	$96,434
MICHAEL HAUGHTON	PRESIDENT	9.00	Officer Director	$7,607	$0	$7,607
KEVIN DRAPEAU	VICE PRESIDENT	5.00	Officer Director	$2,335	$0	$2,335
OLEATHA WELLS	REC SECRETARY	1.00	Officer Director	$541	$0	$541

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	$429,196	$291,703	$612,335	$137,493
2024	$372,315	$311,884	$473,030	$60,431
2023	$276,158	$260,400	$412,062	$15,758
2022	$225,501	$228,873	$396,125	$-3,372
2021	$211,766	$218,624	$399,167	$-6,858
2020	$213,158	$212,822	$405,552	$336
2019	$212,490	$206,165	$406,201	$6,325
2018	$211,129	$200,540	$399,495	$10,589

AMALGAMATED TRANSIT UNION LOCAL 448