NATIONAL ASSOCIATION OF LETTER CAR… - 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

1962

Legal Domicile

Principal Officer

PAUL BOUNASSI

Phone

2019810790

Tax Period

2023-01-01 to 2023-12-31

NATIONAL ASSOCIATION OF LETTER CARRIERS BRANCH 425, founded in 1962, is a small nonprofit that reported $207K in total revenue in fiscal year 2023. Expenses of $200K left a modest 3% surplus.

Mission

UNION REPRESENTATION. LABOR UNION REPRESENTING IT'S MEMBERS IN NEGOTIATIONS, ARBITRATIONS, AND IN GENERAL COMPLAINTS. TO ASSIST IN EFFORTS TO IMPROVE THE CONDITION OF THE ENTIRE UNION.

Program Service Accomplishments

Program 1

REPRESENTATION OF UNION MEMBERS IN LABOR DISPUTES OR DISCIPLINE

Program 2

CONTRIBUTOR TO THE NATIONAL ASSOCIATION OF LETTER CARRIERS (NATIONAL ORGANIZATION) AND TO THE MUSCULAR DYSTROPHY ASSOCIATION (MDA) MAJOR CHARITY

Program 3

ASSISTING MEMBERSHIP IN COLLECTION OF BENEFITS AND PROTECTION OF CONTRACTUAL RIGHTS

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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 $187,438

Program Service Revenue $0

Investment Income $45

Other Revenue $19,348

TOTAL REVENUE $206,831

Expense Breakdown

Grants Paid $0

Salaries & Benefits $148,000

Fundraising Expenses $0

Other Expenses $52,227

TOTAL EXPENSES $200,227

Year-over-Year Comparison

	2023	2022	Change
Revenue	$206,831	$206,288	+0.0%
Expenses	$200,227	$201,256	0.0%
Net Income	$6,604	$5,032	+0.3%

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

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

$124,465

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEORGE WILLEM	TRUSTEE	1.00	Officer	$1,158	$0	$1,158
PAUL BOUNASSI	PRESIDENT	2.00	Officer	$10,082	$0	$10,082
THOMAS BURNS	RECORDING SECRETARY	1.00	Officer	$2,027	$0	$2,027
DENNIS CORREAL	DIRECTOR OF HEALTH BENEFIT	1.00	Officer	$1,303	$0	$1,303
JOHN DUDEK	SECRETARY/TREASURER	3.00	Officer	$7,735	$0	$7,735
RON FILERA	SHOP STEWARD	1.00	Officer	$289	$0	$289
JEFFRY FOX	TRUSTEE	6.00	Officer	$4,344	$0	$4,344
BRIAN GAUTIER	SHOP STEWARD	1.00	Officer	$290	$0	$290
RICHARD GHIRARDELLI	2ND VICE PRESIDENT	2.00	Officer	$6,920	$0	$6,920
CONRAD GUGLIOTTA	SHOP STEWARD	1.00	Officer	$2,606	$0	$2,606
TAEJON HAYES	TRUSTEE	1.00	Officer	$3,765	$0	$3,765
CLAREY JAMES JR	TRUSTEE	1.00	Officer	$1,738	$0	$1,738
DONALD JUMP	1ST VICE PRESIDENT	2.00	Officer	$4,893	$0	$4,893
VALERIE KEYTON-BARLOW	DIRECTOR OF BRANCH AFFAIRS	1.00	Officer	$2,968	$0	$2,968
JOSE MARTINEZ	SHOP STEWARD	1.00	Officer	$1,158	$0	$1,158
NATHANIEL NITRO	SHOP STEWARD	1.00	Officer	$2,606	$0	$2,606
MARCO ORTIZ	SERGEANT AT ARMS	1.00	Officer	$1,158	$0	$1,158
PAUL PROKOPYEV	SHOP STEWARD	1.00	Officer	$1,158	$0	$1,158
ALBERT VALVERDE	EXECUTIVE VICE PRESIDENT	10.00	Officer	$67,978	$0	$67,978
RALPH VAUGHN	SHOP STEWARD	1.00	Officer	$289	$0	$289

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	No data	No data	No data	No data
2023	$206,831	$200,227	$237,238	$6,604
2022	$206,288	$201,256	$230,634	$5,032

NATIONAL ASSOCIATION OF LETTER CARRIERS BRANCH 425