AMERICAN FEDERATION OF TEACHERS LO… - Form 990 Financial Data

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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

1942

Legal Domicile

Principal Officer

ETHAN FISHER

Phone

2187221735

Tax Period

2024-07-01 to 2025-06-30

AMERICAN FEDERATION OF TEACHERS LOCAL 692 - DULUTH, founded in 1942, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $397K, a strong 29% operating margin.

Mission

LABOR UNION

Program Service Accomplishments

Program 1

SERVICING THE NEGOTIATED EMPLOYMENT CONTRACT FOR APPROXIMATELY 700 TEACHERS. COMMUNICATION AND ACTIVITIES INVOLVED IN ESTABLISHING AND INTERPRETING EDUCATIONAL AND ADMINISTRATIVE POLICIES OF THE...

SERVICING THE NEGOTIATED EMPLOYMENT CONTRACT FOR APPROXIMATELY 700 TEACHERS. COMMUNICATION AND ACTIVITIES INVOLVED IN ESTABLISHING AND INTERPRETING EDUCATIONAL AND ADMINISTRATIVE POLICIES OF THE EMPLOYER. EDUCATIONAL RESEARCH AND DISSEMINATION OF INFORMATION.

Program 2

BUILDING LEASE

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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 $11,851

Program Service Revenue $724,563

Investment Income $485,472

Other Revenue $152,908

TOTAL REVENUE $1,374,794

Expense Breakdown

Grants Paid $0

Salaries & Benefits $228,278

Fundraising Expenses $0

Other Expenses $749,026

TOTAL EXPENSES $977,304

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,374,794	$1,067,546	+0.3%
Expenses	$977,304	$995,495	0.0%
Net Income	$397,490	$72,051	+4.5%

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

$227,974

Total Directors

$248,098

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ETHAN FISHER	PRESIDENT	40.00	Officer Director	$62,479	$44,975	$185,295
TOM PEARSON	TREASURER	10.00	Officer Director	$28,639	$0	$28,639
CATHERINE NACHBAR	SECRETARY	5.00	Officer Director	$10,259	$0	$10,259
GREG JONES	FIRST VICE P	2.00	Officer Director	$3,781	$0	$3,781
PAM FOSTER	VICE PRESIDE	1.00	Director	$0	$0	$0
ED LEWIS	VICE PRESIDE	1.00	Director	$3,781	$0	$3,781
JAMES OLSON	VICE PRESIDE	1.00	Director	$8,781	$0	$8,781
TORY ROCK	VICE PRESIDE	1.00	Director	$3,781	$0	$3,781
LYNN THOMPSON	VICE PRESIDE	1.00	Director	$3,781	$0	$3,781

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	$1,374,794	$977,304	$5,158,818	$397,490
2024	$1,067,546	$995,495	$4,655,369	$72,051
2023	$1,225,438	$881,747	$3,821,033	$343,691
2022	$1,370,014	$745,741	$3,362,490	$624,273
2021	$957,790	$785,959	$3,924,812	$171,831
2020	$1,036,389	$794,380	$3,125,151	$242,009
2019	$979,488	$794,217	$2,828,865	$185,271

AMERICAN FEDERATION OF TEACHERS LOCAL 692 - DULUTH