NORFOLK FEDERATION OF TEACHERS (EIN 541202102) - 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

1981

Legal Domicile

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 $889K in total revenue in fiscal year 2017.

Mission

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.

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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 (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

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

$117,785

Total Directors

$117,785

Key Employees

Highest Compensated

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

NORFOLK FEDERATION OF TEACHERS