AMALGAMATED TRANSIT UNION LCL 1056 (EIN 110476097) - 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

1960

Legal Domicile

Principal Officer

LUIS ALZATE

Phone

7189496444

Tax Period

2024-01-01 to 2024-12-31

AMALGAMATED TRANSIT UNION LCL 1056, founded in 1960, is a community nonprofit in the Employment sector that reported $2.1M in total revenue in fiscal year 2024. Expenses of $2.3M exceeded revenue, resulting in a 11% operating deficit.

Mission

TO PROVIDE COLLECTIVE BARGAINING REPRESENTATION TO 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,783,000

Investment Income $5,391

Other Revenue $267,182

TOTAL REVENUE $2,055,573

Expense Breakdown

Grants Paid $94,465

Salaries & Benefits $798,726

Fundraising Expenses $0

Other Expenses $1,280,971

TOTAL EXPENSES $2,281,102

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,055,573	$1,977,662	+0.0%
Expenses	$2,281,102	$1,943,618	+0.2%
Net Income	$-225,529	$34,044	-7.6%

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

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

$401,512

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HARRY FRED-RIVERA	EXECUTIVE BOARD	10.00	Officer	$97,451	$794	$98,245
LUIS ALZATE	President	37.00	Officer	$97,244	$0	$97,244
BYRON BOLLING	FINL SECR/TREAS	37.00	Officer	$37,443	$0	$37,443
FRANCISCO ORTIZ	Vice President	37.00	Officer	$31,521	$0	$31,521
JOSEPH BRANCH	EXECUTIVE BOARD	10.00	Officer	$30,248	$0	$30,248
TANYA DAMAS	RECORD SECRET	10.00	Officer	$28,804	$0	$28,804
BERNADETTE DYER	REC SEC - PAST	10.00	Officer	$22,868	$0	$22,868
YARA RIVERA-AVILES	EXECUTIVE BOARD	10.00	Officer	$18,134	$0	$18,134
KEVIN PROPHETE	EXECUTIVE BOARD	10.00	Officer	$15,828	$0	$15,828
JOHN SCHMATZ	EXECUTIVE BOARD	10.00	Officer	$12,453	$0	$12,453
RAYMOND BURKE	E. BOARD - PAST	10.00	Officer	$8,724	$0	$8,724
THOMAS ERDMANN	E. BOARD - PAST	10.00	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
2024	$2,055,573	$2,281,102	$602,448	$-225,529
2023	$1,977,662	$1,943,618	$952,059	$34,044
2022	$2,313,273	$1,945,208	$1,148,015	$368,065
2021	$1,820,438	$1,271,882	$1,086,793	$548,556
2020	$1,938,183	$1,477,914	$674,467	$460,269

AMALGAMATED TRANSIT UNION LCL 1056