Service Employees International Union Local 598 (EIN 132934134) - 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

1979

Legal Domicile

Principal Officer

Stephen Mikos

Phone

2126081124

Tax Period

2024-07-01 to 2025-06-30

Service Employees International Union Local 598, founded in 1979, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2024. Net assets of $3.1M represent 29 months of operating reserves.

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 $20,877

Program Service Revenue $1,029,859

Investment Income $81,930

Other Revenue $145,414

TOTAL REVENUE $1,278,080

Expense Breakdown

Grants Paid $39,706

Salaries & Benefits $370,252

Fundraising Expenses $0

Other Expenses $974,511

TOTAL EXPENSES $1,384,469

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,278,080	$1,266,936	+0.0%
Expenses	$1,384,469	$1,368,113	+0.0%
Net Income	$-106,389	$-101,177	+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

$284,700

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Stephen Mikos	President	50.00	Officer	$84,500	$0	$84,500
Thomas Hickey	2nd VP	5.00	Officer	$54,600	$0	$54,600
Steven Hervan	1ST VP	35.00	Officer	$54,600	$0	$54,600
MARY ALEXIS	SECRET-TREAS	35.00	Officer	$39,000	$0	$39,000
PHILIP MATTEO	Fin'l Secr	5.00	Officer	$32,500	$0	$32,500
GERALD FILOMIO	Rec. Secretary	5.00	Officer	$19,500	$0	$19,500

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	$1,278,080	$1,384,469	$3,244,354	$-106,389
2024	$1,266,936	$1,368,113	$3,156,253	$-101,177
2023	$1,453,555	$1,177,443	$3,044,660	$276,112
2022	$1,546,617	$1,240,442	$2,770,068	$306,175
2021	$1,605,341	$1,152,738	$2,908,919	$452,603
2019	$1,560,862	$1,302,885	$1,999,573	$257,977
2018	$1,388,279	$2,231,531	$2,134,641	$-843,252

Service Employees International Union Local 598