NYC LOCAL 246 SEIU (EIN 136162943) - 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

1952

Legal Domicile

Principal Officer

JOSEPH COLANGELO

Phone

2122330616

Tax Period

2023-01-01 to 2023-12-31

NYC LOCAL 246 SEIU, founded in 1952, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2023. Revenue surged 41% from the prior year, signaling strong growth momentum. Expenses of $1.6M exceeded revenue, resulting in a 12% operating deficit.

Mission

PROMOTES WORKERS RIGHTS, BETTER WORKING CONDITIONS, AND CONTRACT NEGOTIATIONS

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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 $1,466,898

Investment Income $-14,361

Other Revenue $6,145

TOTAL REVENUE $1,458,682

Expense Breakdown

Grants Paid $0

Salaries & Benefits $582,595

Fundraising Expenses $0

Other Expenses $982,952

TOTAL EXPENSES $1,633,205

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,458,682	$1,031,637	+0.4%
Expenses	$1,633,205	$1,485,178	+0.1%
Net Income	$-174,523	$-453,541	-0.6%

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

$298,117

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH COLANGELO	President	40.00	Officer	$125,984	$0	$125,984
ANTHONY REYES	Vice President	40.00	Officer	$63,823	$0	$63,823
JASON VETTER	Secretary	40.00	Officer	$59,370	$0	$59,370
MARK BARDES	Treasurer	40.00	Officer	$48,940	$0	$48,940

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	No data	No data	No data	No data
2023	$1,458,682	$1,633,205	$3,132,852	$-174,523
2022	$1,031,637	$1,485,178	$3,025,622	$-453,541
2021	$2,271,791	$1,352,259	$3,520,489	$919,532
2020	$1,766,195	$1,203,441	$3,146,095	$562,754
2019	$1,460,278	$1,351,126	$2,218,752	$109,152
2018	$1,673,953	$1,245,811	$1,836,205	$428,142

NYC LOCAL 246 SEIU