PHILADELPHIA FEDERATION OF TEACHERS LEGAL SERVICES FUND (EIN 232088839) - 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

ARTHUR STEINBERG

Phone

2159720942

Tax Period

2023-09-01 to 2024-08-31

PHILADELPHIA FEDERATION OF TEACHERS LEGAL SERVICES FUND, founded in 1978, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2023.

Mission

TO PROVIDE LEGAL SERVICES FOR UNION 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,299,358

Investment Income $20,699

Other Revenue $0

TOTAL REVENUE $2,320,057

Expense Breakdown

Grants Paid $0

Salaries & Benefits $150,278

Fundraising Expenses $0

Other Expenses $94,282

TOTAL EXPENSES $2,259,792

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,320,057	$2,215,070	+0.0%
Expenses	$2,259,792	$2,131,609	+0.1%
Net Income	$60,265	$83,461	-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

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

$18,320

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ART STEINBERG	CHIEF TRUSTEE	1.0	Director	$0	$0	$18,320
JERRY T JORDAN	TRUSTEE	1.0	Director	$0	$0	$0
DONNA MATTHEWS	TRUSTEE	1.0	Director	$0	$0	$0
MICHAEL LYNN	TRUSTEE	1.0	Director	$0	$0	$0
JOE MARCHETTI	TRUSTEE	1.0	Director	$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	$2,320,057	$2,259,792	$2,062,117	$60,265
2023	$2,215,070	$2,131,609	$1,985,950	$83,461
2022	$2,197,233	$2,071,946	$1,892,158	$125,287
2021	$2,218,364	$2,054,741	$1,766,983	$163,623
2020	$2,224,495	$2,078,894	$1,601,068	$145,601
2019	$2,152,795	$2,117,336	$1,448,677	$35,459
2018	$2,082,097	$2,025,039	$1,400,791	$57,058

PHILADELPHIA FEDERATION OF TEACHERS LEGAL SERVICES FUND