MINEOLA TEACHERS ASSOCIATION (EIN 112753740) - 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

1967

Legal Domicile

Principal Officer

MICHAEL L FUREY

Phone

5167413968

Tax Period

2023-09-01 to 2024-08-31

MINEOLA TEACHERS ASSOCIATION, founded in 1967, is a small nonprofit that reported $443K in total revenue in fiscal year 2023.

Mission

TO PROMOTE AND PROTECT THE RIGHTS AND WELFARE OF ITS MEMBERS THROUGH COLLECTIVE BARGAINING. MTA COLLECTS UNION DUES TO FINANCE UNION ACTIVITIES, PROVIDE REPRESENTATION AT LOCAL AND STATE MEETINGS, SET UP SCHOLARSHIPS FOR DESERVING AND NEEDY STUDENTS.

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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 $442,693

Investment Income $13

Other Revenue $0

TOTAL REVENUE $442,706

Expense Breakdown

Grants Paid $0

Salaries & Benefits $52,845

Fundraising Expenses $0

Other Expenses $393,865

TOTAL EXPENSES $446,710

Year-over-Year Comparison

	2023	2022	Change
Revenue	$442,706	$410,266	+0.1%
Expenses	$446,710	$372,165	+0.2%
Net Income	$-4,004	$38,101	-1.1%

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

$23,790

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERESA PERROTTA HAFNER	FORMER PRESIDENT	5.00		$12,081	$0	$12,081
MARY LOCASCIO	VICE PRESIDENT	5.00	Officer	$5,794	$0	$5,794
PAUL SOMMER	TREASURER	5.00	Officer	$8,330	$0	$8,330
MICHAEL FUREY	PRESIDENT	5.00	Officer	$9,416	$0	$9,416
JENNA CAVUTO	SECRETARY	5.00	Officer	$250	$0	$250

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	$442,706	$446,710	$278,712	$-4,004
2023	$410,266	$372,165	$282,948	$38,101
2022	$413,535	$397,750	$245,010	$15,785
2021	$429,647	$389,669	$229,286	$39,978
2020	$413,055	$387,120	$190,249	$25,935
2019	$407,919	$420,182	$182,123	$-12,263

MINEOLA TEACHERS ASSOCIATION