AMERICAN POSTAL WORKERS UNION

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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

1910

Legal Domicile

Principal Officer

Michael Bates

Phone

5152657371

Tax Period

2023-01-01 to 2023-12-31

AMERICAN POSTAL WORKERS UNION, founded in 1910, is a small nonprofit that reported $424K in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $368K left a modest 13% surplus.

Mission

It shall be the objective of the DMI Area Local to secure through collective bargaining and legislative effort a better standard of living for the members of the DMI Area Local APWU and their families.

Program Service Accomplishments

Program 1

Negotiation and implementation of the collective bargaining agreement including the arbitration of grievances.

Program 2

Education of and communication with members through printed matter, training programs, membership meetings, etc.

Program 3

Organization of the bargaining unit through social functions, membership recruitment incentives, and sale or gift of organizational items.

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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 $313,569

Program Service Revenue $0

Investment Income $86,080

Other Revenue $24,801

TOTAL REVENUE $424,450

Expense Breakdown

Grants Paid $3,180

Salaries & Benefits $179,417

Fundraising Expenses $0

Program Expenses $0

Other Expenses $185,810

TOTAL EXPENSES $368,407

Year-over-Year Comparison

	2023	2022	Change
Revenue	$424,450	$339,907	+0.2%
Expenses	$368,407	$378,581	0.0%
Net Income	$56,043	$-38,674	-2.4%

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

Total Directors

$77,438

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael Bates	President	35	Director	$13,830	$0	$13,830
Jon Arnold	Treasurer	20	Director	$11,558	$0	$11,558
Stephanie Grover	Recording Secretary	1	Director	$6,879	$0	$6,879
Jason Courtney	Maintenance Craft Director	8	Director	$5,721	$0	$5,721
Bryon Preminger	Editor	4	Director	$5,602	$0	$5,602
Julie Bates	Clerk Craft Director	30	Director	$5,249	$0	$5,249
George Bennett	Motor Vehicle Craft Director	4	Director	$4,617	$0	$4,617
Barbara Wilson	Vice President	8	Director	$4,595	$0	$4,595
Michael Gillespie	Vice-President	8	Director	$3,915	$0	$3,915
Daniel Ramirez	Trustee	1	Director	$3,069	$0	$3,069
Jordan Ramirez	Trustee	0	Director	$2,573	$0	$2,573
David Bostwick	Recording Secretary	1	Director	$2,322	$0	$2,322
Richard Lowell Jr	Sergeant at Arms	0	Director	$2,158	$0	$2,158
Robert Gray	Support Services Director	4	Director	$1,866	$0	$1,866
Brian Brommel	Maintenance Craft Director	8	Director	$1,632	$0	$1,632
Mark Sarcone	Editor	4	Director	$592	$0	$592
Robin Arnold	Sergeant-At-Arms	0	Director	$551	$0	$551
Cindy Randolph	Trustee	0	Director	$477	$0	$477
Christine Sarcone	Trustee	0	Director	$232	$0	$232

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	No data	No data	No data	No data
2023	$424,450	$368,407	$405,799	$56,043
2022	$339,907	$378,581	$344,993	$-38,674
2021	$325,277	$312,616	$389,490	$12,661
2020	$322,590	$297,315	$382,570	$25,275