Communications Workers of America Local 1038 (EIN 300591087) - 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

2010

Legal Domicile

Principal Officer

Shawn Ludwig

Phone

8568531500

Tax Period

2023-10-01 to 2024-09-30

Communications Workers of America Local 1038, founded in 2010, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2023.

Mission

PROVIDED COLLECTIVE BARGAINING REPRESENTATION TO 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 $2,378,701

Investment Income $0

Other Revenue $13,504

TOTAL REVENUE $2,392,205

Expense Breakdown

Grants Paid $13,631

Salaries & Benefits $1,769,767

Fundraising Expenses $0

Other Expenses $614,078

TOTAL EXPENSES $2,434,432

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,392,205	$2,338,515	+0.0%
Expenses	$2,434,432	$2,289,346	+0.1%
Net Income	$-42,227	$49,169	-1.9%

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

$272,660

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Shawn Ludwig	President	60.00	Officer	$182,454	$33,819	$216,273
Carly Ruiz	Chief of staff	35.00		$137,972	$46,483	$184,455
Gina Garofolo	Admin Assistant	35.00		$109,160	$47,012	$156,172
Michelle Franklin-Leach	Staff Rep	35.00		$109,717	$45,493	$155,210
Peter Cipparulo	Staff Rep	35.00		$106,075	$45,851	$151,926
Marvin Royal	Vice President	35.00	Officer	$9,287	$0	$9,287
Denise Greene	Executive VP	15.00	Officer	$8,100	$0	$8,100
Anthony Simone	Treasurer	15.00	Officer	$8,100	$0	$8,100
Darcell Medley-Stokes	Secretary	2.00	Officer	$8,100	$0	$8,100
Donna Johnson	Vice President	15.00	Officer	$5,700	$0	$5,700
Maureen Carvelli	Vice President	2.00	Officer	$5,700	$0	$5,700
Marcella Secchiano	Vice President	2.00	Officer	$5,700	$0	$5,700
Brian Norwood	Vice President	2.00	Officer	$5,700	$0	$5,700
Evangeline Banks	Vice President	2.00	Officer	$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	$2,392,205	$2,434,432	$805,589	$-42,227
2023	$2,338,515	$2,289,346	$869,368	$49,169
2022	$2,326,180	$2,558,486	$604,711	$-232,306
2021	$2,129,859	$2,204,595	$807,459	$-74,736
2020	$2,285,567	$2,063,427	$926,881	$222,140
2019	$2,242,915	$2,149,921	$732,474	$92,994
2018	$1,949,772	$1,913,470	$788,898	$36,302

Communications Workers of America Local 1038