AMERICAN FEDERATION OF GOVERNMENT EMPLOYEES L987 (EIN 580968615) - 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

1940

Legal Domicile

Phone

4789225758

Tax Period

2023-01-01 to 2023-12-31

AMERICAN FEDERATION OF GOVERNMENT EMPLOYEES L987, founded in 1940, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2023. Expenses of $1.4M exceeded revenue, resulting in a 10% operating deficit.

Mission

LABOR UNION REPRESENTING BARGAINING EMPLOYEES WITH GRIEVANCES EEO COMPLAINTS AND WORKERS COMPENSATION.

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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 $1,276,914

Program Service Revenue $0

Investment Income $11,575

Other Revenue $13,133

TOTAL REVENUE $1,301,622

Expense Breakdown

Grants Paid $0

Salaries & Benefits $116,907

Fundraising Expenses $0

Other Expenses $1,321,006

TOTAL EXPENSES $1,437,913

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,301,622	$1,329,224	0.0%
Expenses	$1,437,913	$1,407,577	+0.0%
Net Income	$-136,291	$-78,353	+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

100

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

$4,837

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARION WILLIAMS	PRESIDENT	40.00	Officer	$1,497	$0	$1,497
HENRY BROWN	EXECUTIVE VICE-PRESIDENT	40.00	Officer	$0	$0	$0
JEANETTE MCELHANEY	TREASURER	40.00	Officer	$0	$0	$0
SHARON KORNEGAY	SECRETARY	4.00	Officer	$856	$0	$856
DARIN FARROW	SGT AT ARMS	4.00	Officer	$0	$0	$0
GREGORY COLLINS	VP OF MAINTENANCE	40.00	Officer	$453	$0	$453
MICHAEL FERGUSON	VP AT LARGE	40.00	Officer	$1,520	$0	$1,520
TERESA FREEMAN	VP OF DLA	40.00	Officer	$0	$0	$0
TOMMY GIBSON	TRUSTEE	4.00	Officer	$511	$0	$511
BRANDON HAYES	TRUSTEE	4.00	Officer	$0	$0	$0
BRANDON RESPRESS	TRUSTEE	4.00	Officer	$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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,301,622	$1,437,913	$2,156,741	$-136,291
2022	$1,329,224	$1,407,577	$2,277,954	$-78,353
2021	$1,398,101	$1,364,504	$2,385,541	$33,597
2020	$1,412,484	$1,281,782	$2,346,041	$130,702

AMERICAN FEDERATION OF GOVERNMENT EMPLOYEES L987