Transport Workers Union Local 526 (EIN 581826593) - 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

1944

Legal Domicile

Principal Officer

Jack Watson

Phone

9128829377

Tax Period

2024-01-01 to 2024-12-31

Transport Workers Union Local 526, founded in 1944, is a small nonprofit that reported $260K in total revenue in fiscal year 2024.

Mission

Servicing union membership and providing benefits to 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $220,261

Investment Income $347

Other Revenue $39,038

TOTAL REVENUE $259,646

Expense Breakdown

Grants Paid $0

Salaries & Benefits $93,794

Fundraising Expenses $0

Program Expenses $28,559

Other Expenses $157,474

TOTAL EXPENSES $256,768

Year-over-Year Comparison

	2024	2023	Change
Revenue	$259,646	$246,331	+0.1%
Expenses	$256,768	$217,347	+0.2%
Net Income	$2,878	$28,984	-0.9%

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

$27,493

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jack Watson	President	002.00	Officer	$16,718	$0	$16,718
Stephen Gunn	Vice President	010.00	Officer	$7,214	$0	$7,214
Deborah Farris	Secretary-Treasurer	002.00	Officer	$3,561	$0	$3,561

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	$259,646	$256,768	$228,320	$2,878
2023	$246,331	$217,347	$229,072	$28,984

Transport Workers Union Local 526