COMMUNICATION WORKERS OF AMERICA LOCAL UNION 3603

EIN: 560581249

CHARLOTTE, NC

Total Revenue
$277,054
Total Expenses
$719,504
Total Assets
$647,040
Net Assets
$646,299
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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
1950
Legal Domicile
NC
Principal Officer
EDWARD MARESCA
Phone
7045683603
Tax Period
2024-10-01 to 2025-09-30

COMMUNICATION WORKERS OF AMERICA LOCAL UNION 3603, founded in 1950, is a small nonprofit that reported $277K in total revenue in fiscal year 2024. Revenue fell 72% from the prior year — a significant decline worth monitoring. Expenses of $720K exceeded revenue, resulting in a 160% operating deficit.

Mission

LABOR UNION FOR TELECOMMUNICATION EMPLOYEES

Program Service Accomplishments

Program 1

UNITE FOR IMPROVING WORK CONDITIONS, LAWS BENEFICIAL TO WORKERS. DISSEMINATE INFORMATION ON ECONOMIC, SOCIAL, AND OTHER MATTERS AFFECTING THEIR LIVES AND WELFARE. ENDEAVORS THAT IMPROVE THE QUALITY...

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UNITE FOR IMPROVING WORK CONDITIONS, LAWS BENEFICIAL TO WORKERS. DISSEMINATE INFORMATION ON ECONOMIC, SOCIAL, AND OTHER MATTERS AFFECTING THEIR LIVES AND WELFARE. ENDEAVORS THAT IMPROVE THE QUALITY OF LIFE IN THE COMMUNITY AND TO ACTIVELY PARTICIPATE AND PROMOTE GOODWILL TO ENHANCE THE UNION IMAGE. 552 MEMBERS AT 9/30/25. .

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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 $235,058
Investment Income $156
Other Revenue $41,840
TOTAL REVENUE $277,054

Expense Breakdown

Grants Paid $6,211
Salaries & Benefits $199,922
Fundraising Expenses $0
Other Expenses $513,371
TOTAL EXPENSES $719,504

Year-over-Year Comparison

2024 2023 Change
Revenue $277,054 $982,917 -0.7%
Expenses $719,504 $635,965 +0.1%
Net Income $-442,450 $346,952 -2.3%
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
N/A
Employees
106
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
9
$181,249
Total Directors
9
$181,249
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EDWARD MARESCA PRESIDENT 24.00
Officer Director
$66,203 $0 $66,203
CHAD GRAGG TREASURER 10.00
Officer Director
$49,369 $0 $49,369
MATTHEW HURLEY EXEC VICE PR 2.00
Officer Director
$32,604 $0 $32,604
EDWARD KALEDA VICE PRESIDE 2.00
Officer Director
$18,790 $0 $18,790
JAMES SAWICKI VICE PRESIDE 2.00
Officer Director
$4,774 $0 $4,774
MONICA BRILL VICE PRESIDE 2.00
Officer Director
$4,169 $0 $4,169
HAROLD BLACK VICE PRESIDE 10.00
Officer Director
$2,918 $0 $2,918
PRIMUS WILLIAMS VICE PRESIDE 2.00
Officer Director
$1,290 $0 $1,290
MICHELLE JOHNSON-SMITH VICE PRESIDE 1.00
Officer Director
$1,132 $0 $1,132
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 $277,054 $719,504 $647,040 $-442,450
2024 $982,917 $635,965 $1,096,159 $346,952
2023 $310,043 $383,396 $742,863 $-73,353
2022 $327,055 $350,897 $816,323 $-23,842
2021 $357,109 $362,672 $840,363 $-5,563
2020 $375,454 $392,723 $845,764 $-17,269
2019 $410,306 $552,158 $865,004 $-141,852
2018 $417,106 $492,212 $1,005,093 $-75,106
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