AMERICAN FEDERATION OF TEACHERS 6244 AFT LOCAL (EIN 562380888) - 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

2003

Legal Domicile

Principal Officer

KIRSTEN HEROLD

Phone

7349951813

Tax Period

2023-01-01 to 2023-12-31

AMERICAN FEDERATION OF TEACHERS 6244 AFT LOCAL, founded in 2003, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $1.1M left a modest 11% surplus.

Mission

TO PROMOTE THE WORKPLACE INTERESTS AND WELL-BEING OF NON-TENURE TRACK FACULTY LECTURERS AT THE UNIVERSITY OF MICHIGAN.

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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 $20,092

Program Service Revenue $1,225,635

Investment Income $20,687

Other Revenue $0

TOTAL REVENUE $1,266,414

Expense Breakdown

Grants Paid $0

Salaries & Benefits $559,379

Fundraising Expenses $0

Other Expenses $564,248

TOTAL EXPENSES $1,123,627

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,266,414	$1,042,886	+0.2%
Expenses	$1,123,627	$1,025,893	+0.1%
Net Income	$142,787	$16,993	+7.4%

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

$33,597

Total Directors

$33,597

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIRSTEN HEROLD	PRESIDENT	13.00	Officer Director	$33,597	$0	$33,597
ERIC BEUERLEIN	VICE PRESIDE	12.00	Officer Director	$0	$0	$0
MARK RADOSEVICH	TREASURER	8.00	Officer Director	$0	$0	$0
STEVENS WANDMACHER	SECRETARY	8.00	Officer Director	$0	$0	$0
NORA KRINITSKY	UC ANN ARBOR	4.00	Director	$0	$0	$0
CINDEE GIFFEN	UC ANN ARBOR	4.00	Director	$0	$0	$0
MARGARET MIKULA	UC DEARBORN	4.00	Director	$0	$0	$0
MOHAMED DAASSA	UC FLINT CHA	2.00	Director	$0	$0	$0
MEREDITH KAHN	UC GLAM CHAI	8.00	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
2024	No data	No data	No data	No data
2023	$1,266,414	$1,123,627	$1,332,102	$142,787
2022	$1,042,886	$1,025,893	$1,209,921	$16,993
2021	$931,449	$1,080,956	$1,275,314	$-149,507
2020	$914,331	$885,491	$1,276,014	$28,840
2019	$894,730	$865,123	$1,233,403	$29,607
2018	$933,453	$937,503	$1,234,180	$-4,050

AMERICAN FEDERATION OF TEACHERS 6244 AFT LOCAL