TRANSPORT WORKERS UNION LOCAL 510 (EIN 530232781) - Form 990 Financial Analysis & Trantor Score

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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

1974

Legal Domicile

Principal Officer

ALLAN ROBAYO

Tax Period

2023-01-01 to 2023-12-31

TRANSPORT WORKERS UNION LOCAL 510, founded in 1974, is a small nonprofit that reported $265K in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $53K, a strong 20% operating margin.

Mission

PROVIDE UNION SERVICES TO ITS MEMBERS

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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 $264,859

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $264,859

Expense Breakdown

Grants Paid $0

Salaries & Benefits $134,768

Fundraising Expenses $0

Program Expenses $200,009

Other Expenses $59,771

TOTAL EXPENSES $211,559

Year-over-Year Comparison

	2023	2022	Change
Revenue	$264,859	$233,557	+0.1%
Expenses	$211,559	$259,647	-0.2%
Net Income	$53,300	$-26,090	-3.0%

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

$72,553

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALLAN ROBAYO	SECTREASURER	20.00	Officer	$22,466	$0	$22,466
WILFREDO HERNANDEZ	VICE PRESIDENT	2.00	Officer	$8,400	$5,605	$14,005
KEVIN SULLIVAN	PRESIDENT	10.00	Officer	$9,600	$144	$9,744
FRANSICO ALGARIN	EXECUTIVE BOARD	2.00	Officer	$8,867	$153	$9,020
RUBEN VEGA	EXECUTIVE BOARD	2.00	Officer	$8,810	$0	$8,810
DAVID RODRIQUEZ	EXECUTIVE BOARD	2.00	Officer	$8,508	$0	$8,508

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	$264,859	$211,559	$359,035	$53,300
2022	$233,557	$259,647	$305,271	$-26,090
2021	$238,193	$145,618	$331,361	$92,575

TRANSPORT WORKERS UNION LOCAL 510