AMALGAMATED TRANSIT UNION LOCAL 13… - 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

STEVEN GLASSCHO

Phone

4108893566

Tax Period

2023-01-01 to 2023-12-31

AMALGAMATED TRANSIT UNION LOCAL 1300, founded in 1942, is a community nonprofit that reported $2.5M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

TO PROMOTE THE GENERAL WELFARE OF THE TRANSIT WORKERS OF THE CITY OF BALTIMORE.

Program Service Accomplishments

Program 1

TO REPRESENT WORKERS FOR THEIR ECONOMIC, MORAL AND SOCIAL IMPROVEMENT FOR THEIR CONDITION AND STATUS. SPECIFICALLY, THESE WORKERS ARE EMPLOYED BY THE MASS TRANSIT ADMINISTRATION IN THE STATE OF...

TO REPRESENT WORKERS FOR THEIR ECONOMIC, MORAL AND SOCIAL IMPROVEMENT FOR THEIR CONDITION AND STATUS. SPECIFICALLY, THESE WORKERS ARE EMPLOYED BY THE MASS TRANSIT ADMINISTRATION IN THE STATE OF MARYLAND.

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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 $0

Program Service Revenue $2,423,104

Investment Income $1,897

Other Revenue $32,115

TOTAL REVENUE $2,457,116

Expense Breakdown

Grants Paid $7,000

Salaries & Benefits $1,251,414

Fundraising Expenses $0

Other Expenses $1,310,627

TOTAL EXPENSES $2,569,041

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,457,116	$2,172,634	+0.1%
Expenses	$2,569,041	$2,497,375	+0.0%
Net Income	$-111,925	$-324,741	-0.7%

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

$688,936

Total Directors

$819,887

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL MCMILLAN	PRESIDENT	45.00	Officer Director	$169,944	$0	$169,944
LARRY DUNHAM	VICE PRESIDENT	45.00	Officer Director	$128,622	$0	$128,622
STEVEN GLASSCHO	TREASURER	45.00	Officer Director	$130,637	$0	$130,637
ROBIN WARD	RECORDING SECRETARY	45.00	Officer Director	$131,560	$0	$131,560
LEROY CARPENTER	EXECUTIVE BOARD MEMBER	10.00	Director	$17,307	$0	$17,307
JEFFERY RICE	EXECUTIVE BOARD MEMBER	10.00	Director	$5,659	$0	$5,659
JAMES CARTER	EXECUTIVE BOARD MEMBER	10.00	Director	$20,340	$0	$20,340
LOUIS DURANT III	EXECUTIVE BOARD MEMBER	10.00	Director	$27,912	$0	$27,912
VIVIAN OKOLI	EXECUTIVE BOARD MEMBER	10.00	Director	$29,822	$0	$29,822
DEVIN CLINTON	ASSISTANT BUSINESS AGENT	45.00	Officer Director	$128,173	$0	$128,173
SEAN MCCALLUM	EXECUTIVE BOARD MEMBER	10.00	Director	$18,850	$0	$18,850
MATHEW MCLAUGLIN	EXECUTIVE BOARD MEMBER	10.00	Director	$11,061	$0	$11,061

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	$2,457,116	$2,569,041	$2,671,032	$-111,925
2022	$2,172,634	$2,497,375	$2,768,276	$-324,741
2021	$2,191,202	$1,911,568	$3,093,017	$279,634
2020	$2,080,614	$1,892,712	$2,807,928	$187,902
2019	$2,213,902	$2,436,023	$2,620,026	$-222,121
2018	$2,474,383	$2,118,192	$2,842,147	$356,191

AMALGAMATED TRANSIT UNION LOCAL 1300