Fair Labor Association

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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

1999

Legal Domicile

Principal Officer

Jeffrey Vockrodt

Phone

2028981000

Tax Period

2024-01-01 to 2024-12-31

Fair Labor Association, founded in 1999, is a mid-sized nonprofit in the International Affairs sector that reported $11.5M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

The mission of the Fair Labor Association (FLA) is to protect workers' rights and improve working conditions worldwide for more than five million workers in the factories and farms of our affiliates. (see schedule o)

Program Service Accomplishments

Program 1

Expenses: $3,641,440 Revenue: $3,589,628

Supply Chain Innovation: the FLA develops and tests innovative methods to improve conditions for workers across product supply chains. Our work responds to the complex, multi-layered nature of supply chains and the potential human and labor rights risks within them. Collaboration is a cornerstone of the FLA's research and innovation initiatives. We leverage the knowledge and experience of companies, suppliers, governments, and civil society organizations to promote collective action and achieve impact for workers.

Program 2

Expenses: $2,743,174 Revenue: $778,584

Accreditation: accountability is at the heart of our mission to improve workers' lives. Companies that demonstrate they meet international labor standards in their supply chain may earn accreditation of their program from the FLA. FLA accreditation is the gold standard for a systems approach to protecting workers' rights and social responsibility. It provides a basis for investors and consumers to make informed investing and purchasing choices. It is the only comprehensive program of its kind that fully aligns with the international labor organization standards, and helps companies meet the U.N. guiding principles, and the organization for economic cooperation and development guiding principles for responsible business conduct. A company's accreditation signifies that it understands the importance of its business practices on workplace conditions in its supply chain, has put effective systems in place to prevent workplace abuses, and commits to remediating violations that occur.

Program 3

Expenses: $1,870,945 Revenue: $6,884,457

Capacity Building: a core element of the FLA's program is to build the capacity of companies and collegiate licensees to implement and sustain high labor standards through the provision of guidance, resources, and tools to improve working conditions in supply chains. Training and support are provided to assist affiliates in adopting and communicating workplace standards; monitoring factories and farms; assessing and remediating noncompliance issues; and ensuring the provision of confidential reporting channels for workers in their supplier facilities. FLA staff provide guidance and training to a wide range of companies. Staff lead social compliance training and assist university affiliates in identifying gaps in licensees' supply chains so that training can be employed where risk is greatest. An important focus is the more than 150 colleges and universities that participate in the FLA's university program, through which academic institutions enact their commitment to ethical sourcing of companies manufacturing products that bear university logos.

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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 $78,839

Program Service Revenue $11,207,766

Investment Income $183,894

Other Revenue $22,303

TOTAL REVENUE $11,492,802

Expense Breakdown

Grants Paid $517,729

Salaries & Benefits $6,119,460

Fundraising Expenses $0

Program Expenses $8,808,918

Other Expenses $4,605,223

TOTAL EXPENSES $11,242,412

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,492,802	$10,129,834	+0.1%
Expenses	$11,242,412	$9,844,016	+0.1%
Net Income	$250,390	$285,818	-0.1%

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

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

$593,314

Total Directors

Key Employees

$219,946

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael Posner	Board Chair	2.00	Officer Director	$0	$0	$0
Michael Levine	Director	1.00	Director	$0	$0	$0
Leslie Shull	Director	1.00	Director	$0	$0	$0
Klara Hauss	Director	1.00	Director	$0	$0	$0
Selcuk Buyukozer	Director	1.00	Director	$0	$0	$0
Wendy Savage	Director	1.00	Director	$0	$0	$0
Prathika Kurian	Director	1.00	Director	$0	$0	$0
Nancy Donaldson	Director	1.00	Director	$0	$0	$0
Gopinathan Parakuni	Director	1.00	Director	$0	$0	$0
Sally Greenberg	Director	1.00	Director	$0	$0	$0
Nina Smith	Director	1.00	Director	$0	$0	$0
Nazma Akter	Director	1.00	Director	$0	$0	$0
Irit Tamar	Director	1.00	Director	$0	$0	$0
Tomi Gerhold	Director	1.00	Director	$0	$0	$0
Craig Westemeier	Director	1.00	Director	$0	$0	$0
Rachel Duffy	Director	1.00	Director	$0	$0	$0
Ravi Anupindi	Director	1.00	Director	$0	$0	$0
Erika Austin	Director	1.00	Director	$0	$0	$0
Jonathan Silva	Director	1.00	Director	$0	$0	$0
Erika George thru 524	Director	1.00	Director	$0	$0	$0
Yann Wyss non-voting	Director	1.00	Director	$0	$0	$0
Jeffrey Vockrodt	President & CEO	40.00	Officer	$318,980	$44,728	$363,708
Shelly Han	Executive VP, Chief of Staff	40.00	Officer	$201,924	$27,682	$229,606
Tanya Weithers	Senior Vice President	40.00	Key Emp	$187,519	$32,427	$219,946
Stacy Hope	Senior Vice President	40.00	Highest	$176,874	$21,332	$198,206
Sif Thorgeirsson	Senior Vice President	40.00	Highest	$164,624	$46,901	$211,525
Karen Joseph	Director of Finance/Controller	40.00	Highest	$143,991	$21,708	$165,699
Michiko Shima	Senior Vice President	40.00	Highest	$135,400	$29,492	$164,892
Tiffany Rogers	Vice President	40.00	Highest	$122,344	$15,019	$137,363

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	$11,492,802	$11,242,412	$14,185,238	$250,390
2023	$10,129,834	$9,844,016	$14,006,487	$285,818
2022	$8,250,097	$7,478,726	$13,549,056	$771,371
2021	$7,291,573	$6,895,795	$9,630,762	$395,778
2020	$6,844,365	$6,736,351	$9,369,357	$108,014
2019	$7,570,941	$7,001,605	$8,451,802	$569,336
2018	$8,611,678	$7,868,624	$10,005,716	$743,054