TRANSPORT WORKERS UNION OF AMERICA LOCAL 241 (EIN 131575860) - 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

1944

Legal Domicile

Principal Officer

ALEX MOLINA

Phone

2128511697

Tax Period

2024-01-01 to 2024-12-31

TRANSPORT WORKERS UNION OF AMERICA LOCAL 241, founded in 1944, is a small nonprofit that reported $509K in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $90K, a strong 18% operating margin.

Mission

TO CARRY OUT UNION ACTIVITIES FOR THE BENEFIT OF ALL WORKER-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 $502,627

Investment Income $108

Other Revenue $6,272

TOTAL REVENUE $509,007

Expense Breakdown

Grants Paid $0

Salaries & Benefits $177,352

Fundraising Expenses $0

Other Expenses $199,670

TOTAL EXPENSES $418,522

Year-over-Year Comparison

	2024	2023	Change
Revenue	$509,007	$434,371	+0.2%
Expenses	$418,522	$332,124	+0.3%
Net Income	$90,485	$102,247	-0.1%

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

$80,305

Total Directors

$18,354

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CLARENCE PENIX	EXECUTIVE BOARD MEMBER	2.00	Director	$2,978	$0	$2,978
JAMES DOONER	EXECUTIVE BOARD MEMBER	2.00	Director	$2,159	$0	$2,159
MATTHEW FARRELL	EXECUTIVE BOARD MEMBER	2.00	Director	$3,251	$0	$3,251
ALEX ALMONTE	EXECUTIVE BOARD MEMBER	2.00	Director	$4,283	$0	$4,283
KEVIN RODAS	EXECUTIVE BOARD MEMBER	2.00	Director	$2,432	$0	$2,432
KEITH LEWIS	EXECUTIVE BOARD MEMBER	2.00	Director	$3,251	$0	$3,251
ANGEL QUINONEZ	VICE PRESIDENT	5.00	Officer	$13,045	$0	$13,045
CHRISTOPHER PRAT	SECRETARY	2.00	Officer	$13,775	$0	$13,775
ALEX MOLINA	PRESIDENT	5.00	Officer	$26,672	$0	$26,672
CORRADO CENTRONE	TREASURER	10.00	Officer	$26,813	$0	$26,813

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	$509,007	$418,522	$839,781	$90,485
2023	$434,371	$332,124	$752,593	$102,247
2022	$469,319	$419,334	$645,238	$49,985
2021	$378,724	$327,283	$595,253	$51,441
2020	$456,963	$399,299	$543,812	$57,664
2019	$428,493	$329,836	$489,959	$98,657
2018	$404,440	$320,416	$387,491	$84,024

TRANSPORT WORKERS UNION OF AMERICA LOCAL 241