CHELSEA TEACHERS UNION LOCAL #1340

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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

1984

Legal Domicile

Tax Period

2023-09-01 to 2024-08-31

CHELSEA TEACHERS UNION LOCAL #1340, founded in 1984, is a small nonprofit in the Employment sector that reported $538K in total revenue in fiscal year 2023.

Mission

NEGOTIATE CONTRACTS WITH CITY MANAGEMENT AND ENFORCING CONTRACT PROVISIONS WITH MEMBERS

Program Service Accomplishments

Program 1

Expenses: $540,613

NEGOTIATE CONTRACTS WITH CITY MANAGEMENTAND ENFORCING CONTRACT PROVISIONS WITH 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 $534,976

Program Service Revenue $0

Investment Income $2,721

Other Revenue $0

TOTAL REVENUE $537,697

Expense Breakdown

Grants Paid $0

Salaries & Benefits $59,326

Fundraising Expenses $0

Program Expenses $540,613

Other Expenses $481,288

TOTAL EXPENSES $540,614

Year-over-Year Comparison

	2023	2022	Change
Revenue	$537,697	$535,894	+0.0%
Expenses	$540,614	$520,807	+0.0%
Net Income	$-2,917	$15,087	-1.2%

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

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MEGHAN SILK	SECRETARY	10.00	Officer	$0	$0	$0
RALPH PAINE	TREASURER	10.00	Officer	$0	$0	$0
KATHRYN ANDERSON	PRESIDENT	20.00	Officer	$0	$0	$0

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	$537,697	$540,614	$229,363	$-2,917
2023	$535,894	$520,807	$232,030	$15,087
2022	$541,532	$521,510	$241,898	$20,022
2021	$484,991	$450,829	$216,404	$34,162
2018	$461,098	$430,530	$157,541	$30,568