NORWALK FEDERATION OF TEACHERS LOC… - Form 990 Financial Data

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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

1967

Legal Domicile

Principal Officer

HOWIE ZIPERSTEIN

Phone

2039391009

Tax Period

2022-07-01 to 2023-06-30

NORWALK FEDERATION OF TEACHERS LOCAL # 1723 AFT / AFL-CIO, founded in 1967, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2022. Expenses of $1.1M left a modest 5% surplus.

Mission

THE BETTERMENT OF THE WORKING CONDITIONS OF MEMBERS IN THE EDUCATION PROFESSION.

Program Service Accomplishments

Program 1

Expenses: $13,930

SCHOLARSHIPS TO STUDENTS AT TWO NORWALK HIGH SCHOOLS, AND AWARDS TO STUDENTS AT FOUR NORWALK MIDDLE SCHOOLS, BASED ON SPECIFIC CRITERIA.

Program 2

Expenses: $584,850

DUES PAID TO STATE AND NATIONAL ORGANIZATIONS ON BEHALF OF 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 (2022)

Revenue Breakdown

Contributions & Grants $1,132,864

Program Service Revenue $0

Investment Income $16,450

Other Revenue $14,400

TOTAL REVENUE $1,163,714

Expense Breakdown

Grants Paid $500

Salaries & Benefits $143,661

Fundraising Expenses $0

Program Expenses $1,015,779

Other Expenses $966,305

TOTAL EXPENSES $1,110,466

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,163,714	$1,100,668	+0.1%
Expenses	$1,110,466	$992,214	+0.1%
Net Income	$53,248	$108,454	-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

N/A

Employees

Volunteers

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

$116,655

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY YORDON	PRESIDENT	74.00	Officer	$79,967	$0	$79,967
JOSEPH GIANDURCO	1ST VICE PRESIDENT	20.00	Officer	$5,712	$0	$5,712
KRISTINA SAUNDERS	2ND VICE PRESIDENT	20.00	Officer	$6,283	$0	$6,283
HOWIE ZIPERSTEIN	TREASURER	30.00	Officer	$13,830	$0	$13,830
CLARE JUDEN LOPEZ	SECRETARY	15.00	Officer	$3,998	$0	$3,998
ROBERT KLINE	EXECUTIVE SECRETARY	25.00	Officer	$2,823	$0	$2,823
MICHAEL RICHARDS	MEMBERSHIP SECRETARY	20.00	Officer	$4,042	$0	$4,042

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	No data	No data	No data	No data
2023	$1,163,714	$1,110,466	$1,201,526	$53,248
2022	$1,100,668	$992,214	$1,125,103	$108,454
2021	$1,067,396	$941,981	$1,005,953	$125,415

NORWALK FEDERATION OF TEACHERS LOCAL # 1723 AFT / AFL-CIO