AMALGAMATED LOCAL 298 AFL-CIO (EIN 221552821) - 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

1978

Legal Domicile

Principal Officer

VICTOR LAGRECA

Phone

5168251851

Tax Period

2024-06-01 to 2025-05-31

AMALGAMATED LOCAL 298 AFL-CIO, founded in 1978, is a community nonprofit that reported $4.3M in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.6M, a strong 36% operating margin.

Mission

LABOR UNION

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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 $4,096,690

Investment Income $0

Other Revenue $226,837

TOTAL REVENUE $4,323,527

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $2,761,915

TOTAL EXPENSES $2,761,915

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,323,527	$3,556,584	+0.2%
Expenses	$2,761,915	$3,237,450	-0.1%
Net Income	$1,561,612	$319,134	+3.9%

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

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

$1,014,753

Total Directors

$1,950

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHERRI JORDAN	TRUSTEE	0.50	Director	$650	$0	$650
JUAN DELGADO	TRUSTEE	0.50	Director	$650	$0	$650
CHARLES PEREZ	TRUSTEE	0.50	Director	$650	$0	$650
VICTOR LAGRECA	PRESIDENT	18.00	Officer	$0	$65,000	$468,800
JOSEPH GIOVINCO	SEC'Y TRES.	14.00	Officer	$0	$35,000	$325,738
ANGELA DIGIOVANI	VICE PRESIDENT/ CLERICAL	12.00	Officer	$0	$19,000	$102,464
ANTHONY RAINONE	REC SECRETARY	0.50	Officer	$0	$24,000	$117,751

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	$4,323,527	$2,761,915	$4,405,402	$1,561,612
2024	$3,556,584	$3,237,450	$2,843,789	$319,134
2023	$2,669,700	$2,173,027	$2,337,439	$496,673
2022	$2,076,119	$1,830,066	$1,840,766	$246,053
2021	$1,674,384	$1,484,904	$1,594,713	$189,480
2020	$1,488,267	$1,098,748	$1,405,233	$389,519
2019	$1,253,721	$1,041,035	$1,015,714	$212,686

AMALGAMATED LOCAL 298 AFL-CIO