RETIREES ASSOCIATION OF DISTRICT C… - Form 990 Financial Data

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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

1968

Legal Domicile

Principal Officer

ANN WIDGER

Phone

2128151781

Tax Period

2024-01-01 to 2024-12-31

RETIREES ASSOCIATION OF DISTRICT COUNCIL 37 AFSCME AFL-CIO, founded in 1968, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $283K, a strong 27% operating margin.

Mission

THE ASSOCIATION'S PRIMARY EXEMPT PURPOSE IS TO PROVIDE MEMBER SERVICES, WHICH INCLUDE SAFEGUARDING AND IMPORVING THE RETIREMENT COMPENSATION AND HEALTH SERVICES OF MEMBERS, AND SUPPORTING POLITICAL, LEGISLATIVE, EDUCATIONAL, CULTURAL, AND SOCIAL PROGRAMS FOR THEIR BENEFIT.

Program Service Accomplishments

Program 1

THE ASSOCIATION REPRESENTED APPROXIMATELY 30,000 MEMBERS, WHO ARE RETIRED PERSONS FORMERLY EMPLOYED IN THE JURISDICTION OF DISTRICT COUNCIL 37. THE ASSOCIATION ACTED TO SAFEGUARD AND IMPROVE THE...

THE ASSOCIATION REPRESENTED APPROXIMATELY 30,000 MEMBERS, WHO ARE RETIRED PERSONS FORMERLY EMPLOYED IN THE JURISDICTION OF DISTRICT COUNCIL 37. THE ASSOCIATION ACTED TO SAFEGUARD AND IMPROVE THE RETIREMENT COMPENSATION AND HEALTH SERVICES OF ITS MEMBERS, AND SUPPORTED POLITICAL, LEGISLATIVE, EDUCATIONAL, CULTURAL, AND SOCIAL PROGRAMS FOR THEIR BENEFIT.

Program 2

THE ASSOCIATION PROVIDED AN EDUCATION PROGRAM FOR ITS 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 $946,724

Investment Income $93,239

Other Revenue $9,991

TOTAL REVENUE $1,049,954

Expense Breakdown

Grants Paid $17,627

Salaries & Benefits $119,218

Fundraising Expenses $0

Other Expenses $582,978

TOTAL EXPENSES $766,862

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,049,954	$968,723	+0.1%
Expenses	$766,862	$609,891	+0.3%
Net Income	$283,092	$358,832	-0.2%

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

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

$15,949

Total Directors

$25,749

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANN WIDGER	ADMINISTRATOR	20.00	Director	$0	$0	$0
TERRI BRADY	DEPUTY ADMINISTRATOR	20.00	Director	$0	$0	$0
JOSE SIERRA	EXECUTIVE VP (P)	20.00	Officer Director	$0	$0	$0
ROBERT GERVASI	PRESIDENT (P)	20.00	Officer Director	$0	$0	$0
BRUCE HEIGH	RECORDING SECRETARY (P)	20.00	Officer Director	$0	$0	$0
JOHN HARDISTY	SECRETARY TREASURER (P)	23.00	Officer Director	$15,949	$0	$15,949
MEL FOX	VICE PRESIDENTS (P)	10.00	Director	$0	$0	$0
CYNTHIA COX	VICE PRESIDENTS (P)	10.00	Director	$0	$0	$0
NEAL FRUMKIN	VICE PRESIDENTS (P)	10.00	Director	$0	$0	$0
SALLIE ROBERTSON	VICE PRESIDENTS (P)	10.00	Director	$0	$0	$0
DONALD AFFLICK	VICE PRESIDENTS (P)	10.00	Director	$0	$0	$0
LESLEY WILLIAMS	VICE PRESIDENTS (P)	10.00	Director	$0	$0	$0
DOMINICK MARTINO	VICE PRESIDENTS (P)	10.00	Director	$0	$0	$0
ANNA BERRY	ASSOCIATED OFFICERS (P)	10.00	Director	$0	$0	$0
PILAR OQUENDO	ASSOCIATED OFFICERS (P)	10.00	Director	$9,800	$0	$9,800
PETRONA GRAHAM	ASSOCIATED OFFICERS (P)	10.00	Director	$0	$0	$0
RHONNA BONSU	ASSOCIATED OFFICERS (P)	10.00	Director	$0	$0	$0
CARMEN COLON	ASSOCIATED OFFICERS (P)	10.00	Director	$0	$0	$0
AUREA MANGUAL	ASSOCIATED OFFICERS (P)	10.00	Director	$0	$0	$0
CUILLA FRISONE	ASSOCIATED OFFICERS (P)	10.00	Director	$0	$0	$0
NELLIE GONZALEZ ARCE	ASSOCIATED OFFICERS (P)	10.00	Director	$0	$0	$0
ISABEL FIGUEROA	ASSOCIATED OFFICERS (P)	10.00	Director	$0	$0	$0

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	$1,049,954	$766,862	$4,045,256	$283,092
2017	$956,885	$808,370	$2,258,092	$148,515

RETIREES ASSOCIATION OF DISTRICT COUNCIL 37 AFSCME AFL-CIO