Freelancers Union Inc (EIN 203491772) - 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

2005

Legal Domicile

Principal Officer

Rafael Espinal

Phone

7185321515

Tax Period

2023-01-01 to 2023-12-31

Freelancers Union Inc, founded in 2005, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $1.2M left a modest 12% surplus.

Mission

TO ADDRESS THE CONCERNS OF THE INDEPENDENT WORKFORCE THROUGH ADVOCACY, EDUCATION AND SERVICE, AND THROUGH THE DEVELOPMENT OF NEW MODELS

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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 $5,000

Program Service Revenue $0

Investment Income $0

Other Revenue $1,388,799

TOTAL REVENUE $1,393,799

Expense Breakdown

Grants Paid $0

Salaries & Benefits $524,672

Fundraising Expenses $51,541

Program Expenses $790,606

Other Expenses $701,318

TOTAL EXPENSES $1,225,990

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,393,799	$1,145,772	+0.2%
Expenses	$1,225,990	$969,730	+0.3%
Net Income	$167,809	$176,042	0.0%

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

N/A

Volunteers

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

$202,163

Total Directors

$202,163

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RAFAEL ESPINAL	EXEC. DIRECTOR	28.0	Officer Director	$186,175	$9,568	$202,163
HANAN KOLKO	CHAIR	1.0	Officer Director	$0	$0	$0
TRISALA CHANDARIA	SECRETARY/TREASURER	1.0	Officer Director	$0	$0	$0
INA CHANG	DIRECTOR	1.0	Director	$0	$0	$0
OHAD FOLMAN	DIRECTOR	1.0	Director	$0	$0	$0
JULIE SAMUELS	DIRECTOR (AS OF 6/1/23)	1.0	Director	$0	$0	$0
ELLE TOUSSI	DIRECTOR	1.0	Director	$0	$0	$0
LAURA WISE	DIRECTOR (AS OF 6/1/23)	1.0	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	No data	No data	No data	No data
2023	$1,393,799	$1,225,990	$1,586,848	$167,809
2022	$1,145,772	$969,730	$15,657,941	$176,042
2021	$1,438,668	$768,541	$15,631,208	$670,127
2020	$932,148	$808,994	$16,085,898	$123,154
2019	$868,441	$1,082,122	$15,650,089	$-213,681
2018	$1,099,944	$746,140	$15,489,811	$353,804

Freelancers Union Inc