AMERICAN FEDERATION OF TEACHERS 23… - 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

1973

Legal Domicile

Principal Officer

JOSEPH BASSO

Phone

8562564511

Tax Period

2024-01-01 to 2024-12-31

AMERICAN FEDERATION OF TEACHERS 2373 ROWAN UNIVERSITY AFT LOCAL, founded in 1973, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2024. The organization ran a surplus of $363K, a strong 29% operating margin.

Mission

BETTER THE CONDITION OF WORKERS AND IMPROVE THE QUALITY OF EDUCATION

Program Service Accomplishments

Program 1

Expenses: $894,750

DEFENSE AND REPRESENTATION OF ALL MEMBERS OF THE BARGAINING UNIT AND NON-MEMBER FACULTY AND STAFF OF THE COLLEGE WITH RESPECT TO ALL MATTERS RELATED TO THE EXISTING AGREEMENT BETWEEN THE CNJSCL AND...

Program 2

N/A

Program 3

N/A

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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 $951,807

Investment Income $305,831

Other Revenue $0

TOTAL REVENUE $1,257,638

Expense Breakdown

Grants Paid $0

Salaries & Benefits $258,518

Fundraising Expenses $0

Program Expenses $894,750

Other Expenses $636,234

TOTAL EXPENSES $894,752

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,257,638	$1,194,056	+0.1%
Expenses	$894,752	$853,580	+0.0%
Net Income	$362,886	$340,476	+0.1%

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

1215

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

$73,110

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH BASSO	PRESIDENT	4.00	Officer	$19,050	$0	$19,050
GERALD HOUGH	VICE PRESIDENT	4.00	Officer	$24,200	$0	$24,200
MICHAEL DISANTO	VICE PRESIDENT II	4.00	Officer	$9,100	$0	$9,100
ROBERT SACCHETTA	TREASURER	4.00	Officer	$11,700	$0	$11,700
KATHRYN QUIGLEY	SECRETARY	4.00	Officer	$9,060	$0	$9,060

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	$1,257,638	$894,752	$2,372,749	$362,886
2023	$1,194,056	$853,580	$2,011,951	$340,476
2022	$370,504	$753,171	$1,671,427	$-382,667
2021	$1,062,472	$764,227	$2,054,870	$298,245
2020	$1,098,436	$794,433	$1,756,372	$304,003

AMERICAN FEDERATION OF TEACHERS 2373 ROWAN UNIVERSITY AFT LOCAL