AFGE Local 62

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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

1933

Legal Domicile

Phone

2157375732

Tax Period

2024-01-01 to 2024-12-31

AFGE Local 62, founded in 1933, is a small nonprofit that reported $170K in total revenue in fiscal year 2024. Expenses of $207K exceeded revenue, resulting in a 22% operating deficit.

Mission

Labor Organization / Employee Welfare /Local 62 of American FederationOf Government Employees (AFGE),AFL-CIO,represents the U.S. Department of Defense employees-metropolitan Philadelphia area.

Program Service Accomplishments

Program 1

Scholarship for dues paying members relatives preparing to enter college.

Program 2

Abritration assistance for dues paying members in need of help with work related issues.

Program 3

Organizing to increase membership to allow for a greater presence in matters of interest to the 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 $169,672

Program Service Revenue $0

Investment Income $9

Other Revenue $0

TOTAL REVENUE $169,681

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $206,739

TOTAL EXPENSES $206,739

Year-over-Year Comparison

	2024	2023	Change
Revenue	$169,681	$161,573	+0.1%
Expenses	$206,739	$220,942	-0.1%
Net Income	$-37,058	$-59,369	-0.4%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
Candis A Ralph	President	Officer	$0	$0	$0
Gail A Kolb	Recording Secretary	Officer	$0	$0	$0
Rodney A Farrell Jr	Executive VP	Officer	$0	$0	$0
Erline Burns	Medical VP	Officer	$0	$0	$0
Tiffany Nguyen	Treasurer	Officer	$0	$0	$0
Maria Sylvester	Clothing & Textiles VP	Officer	$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	$169,681	$206,739	$46,489	$-37,058
2023	$161,573	$220,942	$83,547	$-59,369
2023	$161,573	$218,838	$85,651	$-57,265
2022	$188,373	$190,445	$142,916	$-2,072
2021	$181,343	$165,824	$144,988	$15,519
2020	$198,288	$131,157	$129,469	$67,131
2019	$221,295	$221,046	$62,338	$249
2018	$231,973	$221,702	$62,089	$10,271