SEIU VIRGINIA 512 (EIN 453991858) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2012

Legal Domicile

Principal Officer

PATTI NELSON

Phone

5714320209

Tax Period

2023-01-01 to 2023-12-31

SEIU VIRGINIA 512, founded in 2012, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2018. Revenue decreased 18% compared to the prior year.

Mission

TO IMPROVE THE LIVES OF UNORGANIZED WORKERS AND THEIR FAMILIES BY ORGANIZING AND REPRESENTING WORKERS IN VIRGINIA. TO BUILD INDUSTRY POWER TO MORE EFFECTIVELY WIN BETTER WORKING CONDITIONS FOR MEMBERS AND IMPROVE LIVES FOR WORKERS AND THEIR FAMILIES.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,318,804

Investment Income $1,238

Other Revenue $82

TOTAL REVENUE $2,320,124

Expense Breakdown

Grants Paid $2,608

Salaries & Benefits $1,826,540

Fundraising Expenses $0

Other Expenses $598,090

TOTAL EXPENSES $2,427,238

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,320,124	$2,420,818	0.0%
Expenses	$2,427,238	$2,611,231	-0.1%
Net Income	$-107,114	$-190,413	-0.4%

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

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

$279,174

Total Directors

$279,174

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID BRODER	PRESIDENT	35.00	Officer Director	$124,541	$26,154	$150,695
KAREN CONCHAR	SECRETARY-TR	35.00	Officer Director	$106,181	$22,298	$128,479
ATHENA JONES	BOARD MEMBER	2.00	Director	$0	$0	$0
PATTI NELSON	SECRETARY-TR	35.00	Officer Director	$0	$0	$0
JULIUS REYNOLDS	BOARD MEMBER	2.00	Director	$0	$0	$0
LANORAL THOMAS	PRESIDENT	35.00	Officer Director	$0	$0	$0
THOMASINE WILSON	BOARD MEMBER	2.00	Director	$0	$0	$0
TAMMIE WONDONG-WARE	BOARD MEMBER	2.00	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	No data	No data	No data	No data
2023	$2,320,124	$2,427,238	$312,520	$-107,114
2022	$2,420,818	$2,611,231	$451,214	$-190,413
2021	$2,450,760	$2,300,992	$624,440	$149,768
2020	$1,881,953	$1,674,645	$539,214	$207,308
2019	$1,638,481	$1,713,332	$332,877	$-74,851
2018	$1,529,621	$1,638,928	$411,219	$-109,307

SEIU VIRGINIA 512