PUBLIC SERVICE EMPLOYEES LOCAL UNION 1290 PE (EIN 261700541) - 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

2008

Legal Domicile

Principal Officer

JEFFREY PHILGREEN

Phone

9134321903

Tax Period

2021-01-01 to 2021-12-31

PUBLIC SERVICE EMPLOYEES LOCAL UNION 1290 PE, founded in 2008, is a micro nonprofit that reported $29K in total revenue in fiscal year 2021. Revenue fell 81% from the prior year — a significant decline worth monitoring. Expenses of $45K exceeded revenue, resulting in a 56% operating deficit.

Mission

TO IMPROVE WAGES, BENEFITS AND WORKING CONDITIONS OF THE 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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $32,138

Investment Income $-4,750

Other Revenue $1,483

TOTAL REVENUE $28,871

Expense Breakdown

Grants Paid $0

Salaries & Benefits $33,985

Fundraising Expenses $0

Program Expenses $45,045

Other Expenses $11,060

TOTAL EXPENSES $45,045

Year-over-Year Comparison

	2021	2020	Change
Revenue	$28,871	$149,550	-0.8%
Expenses	$45,045	$209,499	-0.8%
Net Income	$-16,174	$-59,949	-0.7%

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

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

$17,453

Total Directors

$17,837

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEREMY HENDRICKSON	BUSMGR/SEC/T	40.00	Officer Director	$17,021	$0	$17,021
GERRY LACY	PRESIDENT	1.00	Officer Director	$144	$0	$144
JEANETTE BROWN	VICE PRESIDE	1.00	Officer Director	$144	$0	$144
WESLEY MARK SHANE	E BOARD	1.00	Director	$96	$0	$96
DAWN HERRON	E BOARD	1.00	Director	$144	$0	$144
STEPHANIE CAMPBELL	RECORDING SE	1.00	Officer Director	$144	$0	$144
CHESTER HOLLIDAY	E BOARD	1.00	Director	$144	$0	$144
JEFFREY PHILGREEN	BUS MGR/SEC/	N/A	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
2021	$28,871	$45,045	No data	$-16,174
2020	$149,550	$209,499	$16,174	$-59,949
2019	$168,797	$223,001	$76,123	$-54,204
2018	$179,515	$242,153	$130,327	$-62,638

PUBLIC SERVICE EMPLOYEES LOCAL UNION 1290 PE