SEIU LOCAL 888

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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

2003

Legal Domicile

Principal Officer

THOMAS MCKEEVER

Phone

6172413300

Tax Period

2023-01-01 to 2023-12-31

SEIU LOCAL 888, founded in 2003, is a community nonprofit that reported $5.2M in total revenue in fiscal year 2023.

Mission

SEIU LOCAL 888 IS A NONPROFIT ENTITY ESTABLISHED TO PROMOTE THE GENERAL WELFARE OF ITS MEMBERS. SEIU LOCAL 888 IS A UNION OF MEMBERS FOUNDED ON THE VISION OF REPRESENTING WORKERS AS FULL HUMAN BEINGS AND ON ENCOURAGING SOCIETY TO RESPECT SUCH A VISION.

Program Service Accomplishments

Program 1

Expenses: $5,254,146 Revenue: $5,178,151

PROGRAM SERVICES CONSIST OF WAGES AND RELATED EXPENSES AND OTHER NECESSARY EXPENSES INCURRED BY LOCAL 888 WHICH COLLECTIVELY BARGAINS WITH THE EMPLOYERS OF THE APPROXIMATELY 7,200 MEMBERS REPRESENTED.

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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 $4,881,027

Investment Income $62,580

Other Revenue $234,544

TOTAL REVENUE $5,178,151

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,466,448

Fundraising Expenses $0

Program Expenses $5,254,146

Other Expenses $1,787,698

TOTAL EXPENSES $5,254,146

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,178,151	$5,271,646	0.0%
Expenses	$5,254,146	$5,435,779	0.0%
Net Income	$-75,995	$-164,133	-0.5%

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

$132,910

Total Directors

$51,518

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KWESI ABLORDEPPEY	EXECUTIVE BOARD	1.00	Director	$2,237	$0	$2,237
CAROLYN CAREY	EXECUTIVE BOARD	1.00	Director	$1,050	$0	$1,050
JAMES CORCORAN	EXECUTIVE BOARD	1.00	Director	$875	$0	$875
BARAA FADEL	EXECUTIVE BOARD	1.00	Director	$1,050	$0	$1,050
HAJJI GLOVER	EXECUTIVE BOARD	1.00	Director	$700	$0	$700
RACHEL IDOWU	EXECUTIVE BOARD	1.00	Director	$26,000	$5,460	$31,460
SCOTT LARMAND	EXECUTIVE BOARD	1.00	Director	$875	$0	$875
ROSE MATIAS ORRILLO	EXECUTIVE BOARD	1.00	Director	$875	$0	$875
STEVEN MCCARTHY	EXECUTIVE BOARD	1.00	Director	$1,050	$0	$1,050
RICK MORAN	EXECUTIVE BOARD	1.00	Director	$1,225	$0	$1,225
JEROME PARCHMENT	EXECUTIVE BOARD	1.00	Director	$700	$0	$700
STEPHEN PICARD	EXECUTIVE BOARD	1.00	Director	$700	$0	$700
THOMAS REGAN	EXECUTIVE BOARD	1.00	Director	$875	$0	$875
DAMALI SIMMONDS	EXECUTIVE BOARD	1.00	Director	$2,771	$0	$2,771
ELISA ZANINI	EXECUTIVE BOARD	1.00	Director	$1,050	$0	$1,050
JOHN KALLMERTEN	TRUSTEE	1.00	Director	$1,225	$0	$1,225
JUSTIN LAWLER	TRUSTEE	1.00	Director	$700	$0	$700
LORNA PLEAS-HERON	TRUSTEE	1.00	Director	$1,050	$0	$1,050
JAYNE FOGARTY	EXECUTIVE BOARD (PAST)	1.00	Director	$700	$0	$700
FRED SIMMONS	EXECUTIVE BOARD (PAST)	1.00	Director	$350	$0	$350
ANITA CHRISTON	RECORDING SECRETARY	1.00	Officer	$2,310	$0	$2,310
THOMAS MCKEEVER	PRESIDENT	40.00	Officer	$106,150	$19,950	$126,100
MARCELLUS PARKER	SECRETARY/TREASURER	5.00	Officer	$4,500	$0	$4,500

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	$5,178,151	$5,254,146	$2,427,365	$-75,995
2022	$5,271,646	$5,435,779	$2,499,514	$-164,133
2021	$5,487,655	$5,388,696	$2,667,541	$98,959
2020	$5,391,642	$5,332,777	$2,568,376	$58,865
2019	$5,268,832	$5,307,857	$2,509,738	$-39,025
2018	$5,368,034	$5,123,031	$2,556,157	$245,003