SEIU LOCAL 509 - COMMONWEALTH HUMAN SERVICE WORKERS AND EDUCATORS FUND (EIN 306672860) - 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

2020

Legal Domicile

Principal Officer

MATTHEW HALE

Phone

7748437509

Tax Period

2024-01-01 to 2024-12-31

SEIU LOCAL 509 - COMMONWEALTH HUMAN SERVICE WORKERS AND EDUCATORS FUND, founded in 2020, is a community nonprofit in the Education sector that reported $1.3M in total revenue in fiscal year 2024. Net assets of $5.5M represent 51 months of operating reserves.

Mission

PROVIDES EMPLOYMENT-RELATED EDUCATIONAL TRAINING AND SCHOLARSHIPS TO ELIGIBLE HUMAN SERVICE WORKERS AND EDUCATORS IN MASSACHUSETTS.

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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 $1,158,046

Investment Income $143,791

Other Revenue $0

TOTAL REVENUE $1,301,837

Expense Breakdown

Grants Paid $300,764

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,062,690

Other Expenses $1,037,728

TOTAL EXPENSES $1,338,492

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,301,837	$1,280,864	+0.0%
Expenses	$1,338,492	$1,215,306	+0.1%
Net Income	$-36,655	$65,558	-1.6%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEAN PAOLILLO	TRUSTEE	1.00	Director	$0	$0	$0
ADRIANA ZWICK	TRUSTEE	1.00	Director	$0	$0	$0
MATTHEW HALE	TRUSTEE	1.00	Director	$0	$0	$0
IMAD SANDAKLY	TRUSTEE	1.00	Director	$0	$0	$0
COURTNEY KENNY	TRUSTEE	1.00	Director	$0	$0	$0
DIANNE CANAVAN	TRUSTEE	1.00	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	$1,301,837	$1,338,492	$5,541,045	$-36,655
2023	$1,280,864	$1,215,306	$5,834,774	$65,558
2022	$1,038,699	$1,071,712	$5,183,856	$-33,013
2021	$990,875	$740,154	$5,696,846	$250,721
2020	$5,757,358	$327,633	$5,475,132	$5,429,725

SEIU LOCAL 509 - COMMONWEALTH HUMAN SERVICE WORKERS AND EDUCATORS FUND