NORFOLK FEDERATION OF TEACHERS

EIN: 541202102

NORFOLK, VA

Total Revenue
$848,327
Total Expenses
$876,803
Total Assets
$585,490
Net Assets
$547,988
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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
1981
Legal Domicile
VA
Principal Officer
LAQUETTA N MACKEY
Phone
7576231246
Tax Period
2024-07-01 to 2025-06-30

NORFOLK FEDERATION OF TEACHERS, founded in 1981, is a small nonprofit that reported $848K in total revenue in fiscal year 2024.

Mission

THE PRIMARY PURPOSE OF THE FEDERATION IS TO RAISE THE STANDARDS OF THE TEACHING PROFESSION AND OTHER NON-SUPERVISORY EDUCATIONAL PERSONNEL, BY SECURING THE CONDITIONS OF WORK ESSENTIAL TO THE BEST PROFESSIONAL CONDUCT THROUGH MEET AND CONFER AND TO OBTAIN EXCLUSIVE COLLECTIVE BARGAINING RIGHTS FOR ALL SCHOOL EMPLOYEES.

Program Service Accomplishments

Program 1

INFORMING THE PUBLIC OF MEMBER ISSUES. PRINTING AND MAILING OF NEWSLETTERS TO INFORM MEMBERS. FULL TIME STAFF TO RECRUIT AND SERVICE 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $818,013
Investment Income $25,264
Other Revenue $5,050
TOTAL REVENUE $848,327

Expense Breakdown

Grants Paid $0
Salaries & Benefits $369,839
Fundraising Expenses $0
Other Expenses $223,836
TOTAL EXPENSES $876,803

Year-over-Year Comparison

2024 2023 Change
Revenue $848,327 $821,448 +0.0%
Expenses $876,803 $930,365 -0.1%
Net Income $-28,476 $-108,917 -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

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Governance

Voting Members
9
Independent Members
8
Employees
4
Volunteers
8

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
4
$117,785
Total Directors
9
$117,785
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LAQUETTA N MACKEY PRESIDENT 40.00
Officer Director
$89,835 $27,950 $117,785
GLORIA COLE TREASURER 5.00
Officer Director
$0 $0 $0
DONNETTA RUSSELL V.P. PARAPROFESSIONALS 5.00
Director
$0 $0 $0
DEMEATRICE REED V.P. HIGH SCHOOLS 5.00
Director
$0 $0 $0
TONI JOHNSON V.P. AT LARGE 5.00
Director
$0 $0 $0
JOLEEN FLOTA V.P. AT LARGE 5.00
Director
$0 $0 $0
PATRICIA REUBEN EXEC. VICE PRESIDENT 5.00
Officer Director
$0 $0 $0
KAREN CORNELIUS APPOINTEE 5.00
Director
$0 $0 $0
SHERONDA CONYERS SECRETARY 5.00
Officer 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
2025 $848,327 $876,803 $585,490 $-28,476
2024 $821,448 $930,365 $610,472 $-108,917
2023 $763,989 $894,746 $666,525 $-130,757
2022 $796,345 $798,138 $764,262 $-1,793
2021 $833,689 $693,547 $840,217 $140,142
2020 $880,068 $832,730 $651,488 $47,338
2019 $877,993 $903,561 $598,875 $-25,568
2018 $888,625 $899,204 $623,337 $-10,579
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