AMERICAN FEDERATION OF TEACHERS-BOCES 111 (EIN 237365753) - 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

1965

Legal Domicile

Principal Officer

NICHOLAS CATTI

Phone

6315495580

Tax Period

2024-07-01 to 2025-06-30

AMERICAN FEDERATION OF TEACHERS-BOCES 111, founded in 1965, is a small nonprofit that reported $381K in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. Expenses of $449K exceeded revenue, resulting in a 18% operating deficit.

Mission

REPRESENTS MEMBERS OF THE BOCES TEACHERS ASSOCIATION

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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 $372,168

Program Service Revenue $0

Investment Income $9,115

Other Revenue $0

TOTAL REVENUE $381,283

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $449,273

TOTAL EXPENSES $449,273

Year-over-Year Comparison

	2024	2023	Change
Revenue	$381,283	$451,891	-0.2%
Expenses	$449,273	$429,295	+0.0%
Net Income	$-67,990	$22,596	-4.0%

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

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

$85,968

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICOLE WEYENT	HEALTH ALLIANCE PRES.	8.00	Officer	$7,450	$0	$7,450
JILL REGA	VICE PRES.	3.00	Officer	$3,150	$0	$3,150
NICHOLAS CATTI	SECY/TREAS.	8.00	Officer	$11,000	$0	$11,000
LARRY CIMINO	VICE PRES.	2.00	Officer	$3,650	$0	$3,650
HOLLY MICHELS	1ST V.P.	4.00	Officer	$5,200	$0	$5,200
JILL CARROLL	HA REC. SECY.	1.00	Officer	$2,000	$0	$2,000
ERNEST LEWIS	PRES.	25.00	Officer	$20,000	$0	$20,000
CHRISTINE FASANO	HA 2ND V.P.	2.00	Officer	$2,500	$0	$2,500
PHYLLIS SCHWARTZ	V.P. AT LARGE	6.00	Officer	$7,000	$0	$7,000
LISA MERCOGLIANO	SECRETARY	10.00	Officer	$15,668	$0	$15,668
TARA VALEZ	HA 1ST V.P.	2.00	Officer	$2,500	$0	$2,500
DEVON ANDERSON	EXEC. V.P.	4.00	Officer	$5,850	$0	$5,850

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	$381,283	$449,273	$563,748	$-67,990
2024	$451,891	$429,295	$631,738	$22,596
2023	$377,259	$354,381	$609,142	$22,878
2022	$393,445	$399,207	$586,264	$-5,762
2021	$375,295	$388,879	$592,026	$-13,584
2020	$391,929	$370,841	$605,610	$21,088
2019	$363,305	$397,195	$584,522	$-33,890

AMERICAN FEDERATION OF TEACHERS-BOCES 111