Service Employees International - Local 621 (EIN 237165603) - 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

1969

Legal Domicile

Principal Officer

Carl Chiaramonte

Phone

3479399994

Tax Period

2024-01-01 to 2024-12-31

Service Employees International - Local 621, founded in 1969, is a small nonprofit that reported $473K in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum. Expenses of $408K left a modest 14% surplus.

Mission

Organizing and educating workers, assisting members in obtaining fair and adequate compensation for their labor, safe and adequate working conditions for all employees.

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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 $415,110

Investment Income $59,472

Other Revenue $-1,638

TOTAL REVENUE $472,944

Expense Breakdown

Grants Paid $300

Salaries & Benefits $68,650

Fundraising Expenses $0

Other Expenses $338,909

TOTAL EXPENSES $407,859

Year-over-Year Comparison

	2024	2023	Change
Revenue	$472,944	$348,030	+0.4%
Expenses	$407,859	$378,093	+0.1%
Net Income	$65,085	$-30,063	-3.2%

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

$38,400

Total Directors

$61,850

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARL CHIARAMONTE	PRESIDENT	20.00	Officer Director	$14,400	$0	$14,400
MICHAEL ESPOSITO	TRUSTEE NYPD	20.00	Director	$3,600	$0	$3,600
MICHAEL GORGIA	TRUSTEE NYPD	20.00	Director	$3,600	$0	$3,600
GEOFFREY GOTTLIEB	STEWARD DSNY	20.00	Director	$3,000	$0	$3,000
CONROY JAMIESON	STEWARD FDNY	20.00	Director	$3,000	$0	$3,000
DANIEL JOHNSON	SECRETARY DSNY	20.00	Officer Director	$6,000	$0	$6,000
CHRISTOPHER OLSEN	STEWARD DSNY	20.00	Director	$3,000	$0	$3,000
JAMES SHEA	STEWARD DSNY	20.00	Director	$3,000	$0	$3,000
ALDO TONTI	GOOD & WELFARE FDNY	20.00	Director	$750	$0	$750
ROBERT ZARAGOZA	VICE PRESIDENT DEP	20.00	Officer Director	$9,600	$0	$9,600
JUAN LEVAGGI	SECRETARY-TREASURER NYPD	20.00	Officer Director	$8,400	$0	$8,400
WILLIAM WILKINSON	TRUSTEE DSNY	20.00	Director	$0	$0	$0
DIMITRIOS PALEOLOGOS	SHOP STEWARD DOT	20.00	Director	$2,000	$0	$2,000
JOSEPH FISHKIN	SHOP STEWARD FDNY	20.00	Director	$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
2024	$472,944	$407,859	$754,093	$65,085
2023	$348,030	$378,093	$711,364	$-30,063
2022	$357,775	$133,050	$718,278	$224,725
2021	$375,603	$452,029	$493,553	$-76,426
2020	$372,611	$407,347	$575,350	$-34,736
2019	$469,679	$398,872	$612,002	$70,807
2018	$591,178	$370,349	$539,077	$220,829

Service Employees International - Local 621