AMERICAN FEDERATION OF TEACHERS 394

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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

1935

Legal Domicile

Principal Officer

LOUIS GIKAS

Phone

2199379554

Tax Period

2024-10-01 to 2025-09-30

AMERICAN FEDERATION OF TEACHERS 394, founded in 1935, is a small nonprofit that reported $356K in total revenue in fiscal year 2024. Revenue decreased 20% compared to the prior year. Expenses of $398K exceeded revenue, resulting in a 12% operating deficit.

Mission

THE FEDERATION SERVES AS A BARGAINING AGENT FOR TEACHERS IN THE SCHOOL DISTRICT, SUPPORTS TEACHERS IN THEIR PROFESSIONAL DEVELOPMENT, AND AIDS IN THE DEVELOPMENT OF SCHOOL CURRICULUMS.

Program Service Accomplishments

Program 1

Expenses: $398,281

REPRESENTING ITS MEMBERS IN COLLECTIVE BARGAINING MATTERS AND PROMOTING QUALITY PUBLIC EDUCATION.

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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 $354,971

Investment Income $1,159

Other Revenue $0

TOTAL REVENUE $356,130

Expense Breakdown

Grants Paid $1,500

Salaries & Benefits $173,593

Fundraising Expenses $0

Program Expenses $398,281

Other Expenses $57,810

TOTAL EXPENSES $398,281

Year-over-Year Comparison

	2024	2023	Change
Revenue	$356,130	$443,737	-0.2%
Expenses	$398,281	$487,963	-0.2%
Net Income	$-42,151	$-44,226	0.0%

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

N/A

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

$127,115

Total Directors

$158,490

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LOUIS GIKAS	PRESIDENT	20.00	Officer Director	$101,077	$22,288	$123,365
ED KLAPAK	EXEC VP	1.00	Director	$8,000	$0	$8,000
MARY MORIARTY	VP OF MEMBERSHIP	1.00	Officer Director	$3,750	$0	$3,750
KIMBERLY KENNEDY	TREASURER	2.00	Director	$3,250	$0	$3,250
DIANA DEL RIO	RECORDING SECRETARY	1.00	Director	$1,500	$0	$1,500
MARCIA SCHOENECK	ELEMENTARY TTEE/INS	1.00	Director	$3,000	$0	$3,000
STEPHANIE VARGAS	SPECIAL AREAS	1.00	Director	$1,000	$0	$1,000
KIMBERLY ARROYO	FINANCIAL SECRETARY	1.00	Director	$1,125	$0	$1,125
JEANETTE JANCOSEK	HIGH SCHOOL TRUSTEE	1.00	Director	$3,000	$0	$3,000
ANITA COX	COMMUNITY OUTREACH	1.00	Director	$2,500	$0	$2,500
RINA HORGAN	COMMUNICATIONS CHAIR	1.00	Director	$5,000	$0	$5,000
WILLIAM FERRY	VP MEDIA & WEBMASTER	1.00	Director	$1,500	$0	$1,500
MICHAEL SANTOS	MIDDLE SCHOOL TTEE	1.00	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
2025	$356,130	$398,281	$79,710	$-42,151
2024	$443,737	$487,963	$111,152	$-44,226
2023	$462,390	$480,681	$224,983	$-18,291
2022	$539,446	$463,363	$242,760	$76,083
2021	$491,304	$466,935	$164,990	$24,369
2020	$526,565	$462,921	$140,618	$63,644
2019	$526,177	$544,341	$77,012	$-18,164
2018	$510,585	$483,371	$99,757	$27,214