NASSAU EDUCATIONAL LOCAL 865 CSEA

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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

1947

Legal Domicile

Principal Officer

GEORGE STORM

Phone

5165207600

Tax Period

2024-10-01 to 2025-09-30

NASSAU EDUCATIONAL LOCAL 865 CSEA, founded in 1947, is a small nonprofit that reported $582K in total revenue in fiscal year 2024. Expenses of $539K left a modest 7% surplus.

Mission

AS WORKING MEN AND WOMEN -- EVERY ONE AND EVERYWHERE -- WE ARE OUR GREATEST RESOURCE. WE ORGANIZE AND REPRESENT WORKERS TO ENSURE OUR VOICE IS HEARD, OUR PLACE AT THE TABLE IS KEPT AND THE AMERICAN DREAM IS OURS. AS A LABOR UNION, WE HOLD THESE VALUES AS OUR WORKING PRINCIPLES:HONESTY: WE ARE HONEST WITH OURSELVES AND EACH OTHER.INCLUSIVENESS: EVERY GROUP, EVERY IDEA IS WELCOMED.FULL PARTICIPATION: WE ENCOURAGE AND EXPECT FULL PARTICIPATION IN ALL UNION MATTERS.RESPECT: WE RESPECT EACH OTHER AND HONOR OUR DIFFERENCES.DIVERSITY: WE CELEBRATE OUR DIVERSITY AND USE IT TO STRENGTHEN US.OPEN COMMUNICATIONS: WE LISTEN AND PROVIDE FOR OPEN COMMUNICATION ACROSS ALL PARTS OF OUR UNION AND IN ALL DIRECTIONS.ACCOUNTABILITY: WE ARE ACCOUNTABLE FOR OUR ACTIONS AND DECISIONS.FISCAL RESPONSIBILITY: WE CONDUCT OUR BUSINESS IN A FISCALLY SOUND MANNER.AS A LABOR UNION, WE ARE COMMITTED TO UNION DEMOCRACY AND WE FOLLOW THESEVALUES WITH INTEGRITY.

Program Service Accomplishments

Program 1

Expenses: $538,901 Revenue: $580,974

ALL EXPENSES WERE INCURRED BY THE LOCAL WHILE REPRESENTING MEMBERS IN WORKPLACE RELATED MATTERS, COMMUNICATING WITH MEMBERS AND INCREASING MEMBERSHIP IN THE ORGANIZATION.

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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 $580,974

Investment Income $0

Other Revenue $772

TOTAL REVENUE $581,746

Expense Breakdown

Grants Paid $0

Salaries & Benefits $35,400

Fundraising Expenses $0

Program Expenses $538,901

Other Expenses $212,903

TOTAL EXPENSES $538,901

Year-over-Year Comparison

	2024	2023	Change
Revenue	$581,746	$545,623	+0.1%
Expenses	$538,901	$418,088	+0.3%
Net Income	$42,845	$127,535	-0.7%

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

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

$35,400

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEORGE STORM	PRESIDENT	40.00	Officer	$12,000	$0	$12,000
LORETTA GRGAS	TREASURER	20.00	Officer	$5,200	$0	$5,200
SHARON ROLLOCK-PAYNE	SECRETARY	10.00	Officer	$2,600	$0	$2,600
MICHAEL ROTTINO	VICE PRESIDENT	10.00	Officer	$5,200	$0	$5,200
BARBARA TRUGLIO	VICE PRESIDENT	10.00	Officer	$5,200	$0	$5,200
NANCY PIZARRO	SECRETARY	10.00	Officer	$2,600	$0	$2,600
RICK FEBUS	SECRETARY	10.00	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
2025	$581,746	$538,901	$745,048	$42,845
2024	$545,623	$418,088	$702,203	$127,535
2023	$539,588	$487,708	$574,668	$51,880
2022	$533,609	$477,958	$522,788	$55,651
2021	$551,934	$459,176	$467,137	$92,758
2019	$563,736	$561,796	$404,627	$1,940
2018	$543,046	$427,327	$402,687	$115,719