COMMUNICATION WORKERS OF AMERICA LOCAL 1 (EIN 131948652) - 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

1961

Legal Domicile

Principal Officer

KEITH PURCE

Phone

2126332666

Tax Period

2023-10-01 to 2024-09-30

COMMUNICATION WORKERS OF AMERICA LOCAL 1, founded in 1961, is a community nonprofit that reported $9.4M in total revenue in fiscal year 2023.

Mission

TO REPRESENT AND ADVOCATE FOR UNION 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $9,385,094

Investment Income $9,477

Other Revenue $-27,801

TOTAL REVENUE $9,366,770

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,913,862

Fundraising Expenses $0

Other Expenses $4,624,262

TOTAL EXPENSES $9,582,660

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,366,770	$9,102,436	+0.0%
Expenses	$9,582,660	$9,107,448	+0.1%
Net Income	$-215,890	$-5,012	+42.1%

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

644

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

$737,015

Total Directors

$1,742,279

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEITH PURCE	PRESIDENT	40.00	Officer Director	$141,199	$0	$141,199
MICHAEL BAXTER	VICE PRESIDENT	40.00	Officer Director	$120,790	$0	$120,790
ALPHONSE RUSSO	EXECUTIVE VICE PRESIDENT	40.00	Officer Director	$98,304	$0	$98,304
JEROME PAREDES	VICE PRESIDENT	40.00	Officer Director	$99,513	$0	$99,513
KEVIN CONDY	SECRETARY/ TREASURER	40.00	Officer Director	$140,426	$0	$140,426
MAUREEN ADAMS	VICE PRESIDENT	40.00	Officer Director	$136,783	$0	$136,783
HEATHER LAWNE	BUSINESS AGENT	40.00	Director	$131,335	$0	$131,335
WILLIAM STEFANDEL	BUSINESS AGENT	40.00	Director	$112,927	$0	$112,927
PETER TORRES	BUSINESS AGENT	40.00	Director	$143,557	$0	$143,557
JOANN DIOMEDE	BUSINESS AGENT	40.00	Director	$96,240	$0	$96,240
KENNETH SPATTA	BUSINESS AGENT	40.00	Director	$113,756	$0	$113,756
SUSAN NICHOLAS	BUSINESS AGENT	40.00	Director	$107,858	$0	$107,858
AFORI BOBB	BUSINESS AGENT	40.00	Director	$102,157	$0	$102,157
KEITH HOGARTY	BUSINESS AGENT	40.00	Director	$122,376	$0	$122,376
PETER FICORELLI	BUSINESS AGENT	40.00	Director	$75,058	$0	$75,058
CHARLENE HENRY	OFFICE STAFF	40.00	Highest	$116,831	$19,934	$136,765
RON VAN LONG	OFFICE MANAGER	40.00	Highest	$120,320	$0	$120,320
VICTORIA IACOVIELLO	OFFICE STAFF	40.00	Highest	$111,172	$36,498	$147,670
MICHAEL BASSO	POLITICAL COORDINATOR	40.00	Highest	$101,875	$0	$101,875
ROBERT SHANNON	ASST. TO PRESIDENT	40.00	Highest	$115,250	$0	$115,250

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	$9,366,770	$9,582,660	$8,360,379	$-215,890
2023	$9,102,436	$9,107,448	$7,877,701	$-5,012
2022	$9,266,018	$8,463,530	$6,269,105	$802,488
2021	$8,430,025	$7,711,378	$7,270,427	$718,647
2020	$7,389,506	$6,825,381	$4,628,510	$564,125
2019	$6,714,983	$6,418,859	$4,941,766	$296,124

COMMUNICATION WORKERS OF AMERICA LOCAL 1