American Federation of State County & Municipal Employees - Local 641 (EIN 046118560) - 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

2007

Legal Domicile

Principal Officer

Nelia Velez

Phone

5089974511

Tax Period

2023-01-01 to 2023-12-31

American Federation of State County & Municipal Employees - Local 641, founded in 2007, is a small nonprofit that reported $220K in total revenue in fiscal year 2023.

Mission

THE UNIONS PURPOSE IS TO CARRY OUT ON A LOCAL BASIS THE OBJECTIVES OF THE AMERICAN FEDERATION OF STATE, COUNTY, AND MUNICIPAL EMPLOYEES AND TO WORK FOR THE MUTUAL WELFARE, PROTECTION AND ADVANCEMENT OF ITS MEMBERS

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $25,274

Investment Income $4

Other Revenue $194,653

TOTAL REVENUE $219,931

Expense Breakdown

Grants Paid $0

Salaries & Benefits $20,450

Fundraising Expenses $0

Other Expenses $12,279

TOTAL EXPENSES $221,184

Year-over-Year Comparison

	2023	2022	Change
Revenue	$219,931	$217,640	+0.0%
Expenses	$221,184	$241,780	-0.1%
Net Income	$-1,253	$-24,140	-0.9%

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

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

$9,060

Total Directors

$2,790

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN MELLO	PRESIDENT	2.00	Officer	$2,700	$0	$2,700
NOELIA VELEZ	TREASURER	2.00	Officer	$2,400	$0	$2,400
GINA BRITES	SECRETARY	2.00	Officer	$1,860	$0	$1,860
RAFAEL VELEZ JR	VICE PRESIDENT	2.00	Officer	$2,100	$0	$2,100
NANCY LEONARD	EXEC BOARD	2.00	Director	$630	$0	$630
GILDA POIRIER	EXEC BOARD	2.00	Director	$1,080	$0	$1,080
MARK SP ADESSO	EXEC BOARD	2.00	Director	$1,080	$0	$1,080

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	No data	No data	No data	No data
2023	$219,931	$221,184	$42,043	$-1,253
2022	$217,640	$241,780	$43,160	$-24,140
2021	$204,962	$209,434	$67,105	$-4,472
2020	$218,373	$211,829	$71,707	$6,544
2019	$195,451	$207,187	$65,080	$-11,736
2018	$200,961	$199,618	$76,870	$1,343

American Federation of State County & Municipal Employees - Local 641