GARFIELD FEDERATION OF TEACHERS LOCAL 0397 NJSFT (EIN 222316907) - 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

1979

Legal Domicile

Principal Officer

JUSTIN SERFOZO

Phone

9735731284

Tax Period

2023-07-01 to 2024-06-30

GARFIELD FEDERATION OF TEACHERS LOCAL 0397 NJSFT, founded in 1979, is a small nonprofit in the Employment sector that reported $227K in total revenue in fiscal year 2023. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $274K exceeded revenue, resulting in a 21% operating deficit.

Mission

THE MISSION OF THE GARFIELD FEDERATION OF TEACHERS, LOCAL 3977, AFT, NJSFT, AFL-CIO IS TO IMPROVE THE LIVES OF OUR MEMBERS AND THEIR FAMILIES, TO REPRESENT THEIR INDIVIDUAL AND COLLECTIVE PROFESSIONAL, ECONOMIC AND OCCUPATIONAL INTERESTS AND TO STRENGTHEN THE EDUCATIONAL INSTITUTIONS.

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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 $226,868

Investment Income $5

Other Revenue $0

TOTAL REVENUE $226,873

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $274,079

TOTAL EXPENSES $274,079

Year-over-Year Comparison

	2023	2022	Change
Revenue	$226,873	$354,814	-0.4%
Expenses	$274,079	$298,499	-0.1%
Net Income	$-47,206	$56,315	-1.8%

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

$25,580

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUSTIN SERFOZO	PRESIDENT	5.00	Officer	$6,520	$0	$6,520
EMILIA KATA	TREASURER	5.00	Officer	$3,520	$0	$3,520
JAMES DOLCI	MEMBERSHIP C	2.00	Officer	$500	$0	$500
MICHAEL BACKO	GRIEVANCE CH	2.00	Officer	$2,520	$0	$2,520
RITA HAWRONIAK	RECORDING SE	1.00	Officer	$1,500	$0	$1,500
DEBORAH SIMPSON	VP-PARAPROFE	2.00	Officer	$1,500	$0	$1,500
SUSAN CATANIA	VP - PRE-K	2.00	Officer	$1,500	$0	$1,500
MAUREEN HOWELL	VP - ELEMENT	2.00	Officer	$2,020	$0	$2,020
JOHN TAMWEBER	VP - HIGH SC	2.00	Officer	$1,500	$0	$1,500
LOUIS RUSSO	VP - MIDDLE	2.00	Officer	$1,500	$0	$1,500
MATTHEW BURNS	CORRESPONDIN	1.00	Officer	$1,500	$0	$1,500
DANIELLE MAIORINO	MEMBERSHIP C	2.00	Officer	$1,500	$0	$1,500

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	No data	No data	No data	No data
2024	$226,873	$274,079	$167,444	$-47,206
2023	$354,814	$298,499	$214,650	$56,315
2022	$279,716	$304,036	$158,335	$-24,320
2020	$316,128	$288,429	$147,862	$27,699
2019	$318,871	$331,466	$120,163	$-12,595

GARFIELD FEDERATION OF TEACHERS LOCAL 0397 NJSFT