AFGE LOCAL 2778 (EIN 586075240) - 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

1967

Legal Domicile

Principal Officer

GLENDA CHESTNUT

Phone

4043216111

Tax Period

2023-07-01 to 2024-06-30

AFGE LOCAL 2778, founded in 1967, is a small nonprofit that reported $212K in total revenue in fiscal year 2023. The organization ran a surplus of $75K, a strong 35% operating margin.

Mission

AS THE EXCLUSIVE REPRESENTATIVE, THE PRIMARY RESPONSIBILITY OF THE UNION IS TO REPRESENT BARGAINING UNIT MEMBERS COLLECTIVELY AND INDIVIDUALLY AS TO THEIR PAY, BENEFITS AND WORKING CONDITIONS. THE UNION REVIEWS AND PROPOSES AMENDMENTS TO GHE AGENCY'S PROPOSED CHANGES IN THE WORKPLACE

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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 $211,959

Program Service Revenue $0

Investment Income $59

Other Revenue $0

TOTAL REVENUE $212,018

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $137,056

TOTAL EXPENSES $137,056

Year-over-Year Comparison

	2023	2022	Change
Revenue	$212,018	$210,062	+0.0%
Expenses	$137,056	$304,081	-0.5%
Net Income	$74,962	$-94,019	-1.8%

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

1141

Independent Members

1141

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GLENDA CHESTNUT	President	40.00	Officer	$0	$0	$0
ANDREA HALL	Vice President	40.00	Officer	$0	$0	$0
JOHN CORN	Treasurer	24.00	Officer	$0	$0	$0
CHARLYN THOMAS	Secretary	16.00	Officer	$0	$0	$0
DAMAINE BOLTON	Treasurer	8.00	Officer	$0	$0	$0
CHELSIE FLOURNOY	Vice President	40.00	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
2024	$212,018	$137,056	$898,691	$74,962
2023	$210,062	$304,081	$823,729	$-94,019
2022	$401,612	$304,989	$946,516	$96,623
2021	$259,389	$63,935	$831,968	$195,454

AFGE LOCAL 2778