MUNICIPAL EMPLOYEES UNION INDEPENDENT

EIN: 061058924

MIDDLETOWN, CT

Total Revenue
$406,384
Total Expenses
$479,270
Total Assets
$78,925
Net Assets
$48,497
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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
1980
Legal Domicile
CT
Phone
8603440311
Tax Period
2023-01-01 to 2023-12-31

MUNICIPAL EMPLOYEES UNION INDEPENDENT, founded in 1980, is a small nonprofit that reported $406K in total revenue in fiscal year 2023. Expenses of $479K exceeded revenue, resulting in a 18% operating deficit.

Mission

TO ENFRANCHISE & EMPOWER WORKERS

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $406,384
Investment Income $0
Other Revenue $0
TOTAL REVENUE $406,384

Expense Breakdown

Grants Paid $0
Salaries & Benefits $153,869
Fundraising Expenses $0
Other Expenses $325,401
TOTAL EXPENSES $479,270

Year-over-Year Comparison

2023 2022 Change
Revenue $406,384 $390,383 +0.0%
Expenses $479,270 $486,710 0.0%
Net Income $-72,886 $-96,327 -0.2%
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

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Governance

Voting Members
2
Independent Members
N/A
Employees
5
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
2
$14,600
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CARL CHISEM President 0.00
Officer
$12,000 $0 $12,000
LESLIE MADDOCKS Treasurer 0.00
Officer
$2,600 $0 $2,600
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 $406,384 $479,270 $78,925 $-72,886
2022 $390,383 $486,710 $227,506 $-96,327
2021 $404,855 $447,561 $281,766 $-42,706
2020 $464,976 $461,824 $356,848 $3,152
2019 $461,060 $422,329 $315,471 $38,731
2018 $461,100 $437,746 $258,842 $23,354
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