HOLLYWOOD MUNICIPAL EMPLOYEES LOCAL AFSCME (EIN 591722625) - 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

1974

Legal Domicile

Principal Officer

BOGDAN CORSOVIC

Phone

9545937931

Tax Period

2024-01-01 to 2024-12-31

HOLLYWOOD MUNICIPAL EMPLOYEES LOCAL AFSCME, founded in 1974, is a small nonprofit that reported $416K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $392K left a modest 6% surplus.

Mission

THE SOURCES OF INCOME ALLOW THE LABOR ORGANIZATION TO REPRESENT AND ADVISE ITS MEMBERS REGARDING LABOR/MANAGEMENT ISSUES.

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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 $408,603

Program Service Revenue $0

Investment Income $7,772

Other Revenue $0

TOTAL REVENUE $416,375

Expense Breakdown

Grants Paid $0

Salaries & Benefits $132,557

Fundraising Expenses $0

Other Expenses $259,570

TOTAL EXPENSES $392,127

Year-over-Year Comparison

	2024	2023	Change
Revenue	$416,375	$366,351	+0.1%
Expenses	$392,127	$333,862	+0.2%
Net Income	$24,248	$32,489	-0.3%

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

Governance

Voting Members

Independent Members

N/A

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

$74,100

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	TRUSTEE	4.00		$0	$0	$0
N/A	TRUSTEE	4.00		$0	$0	$0
BOGDAN CORSOVIC	PRESIDENT	8.00	Officer	$30,000	$0	$30,000
AMEER KHAN	VICE-PRESIDENT	8.00	Officer	$5,400	$0	$5,400
DAMARIUS MUNOZ	TREASURER	8.00	Officer	$9,300	$0	$9,300
SIANA LAKHAN	SECRETARY	8.00	Officer	$15,000	$0	$15,000
DAVID BLUM	EXECUTIVE BOARD MEMBER/GEN	4.00	Officer	$3,600	$0	$3,600
CHRISTOPHER ROPER	EXECUTIVE BOARD MEMBER/GEN	4.00	Officer	$3,600	$0	$3,600
EUGENE CHAMPION	EXECUTIVE BOARD MEMBER/PRO	4.00	Officer	$3,600	$0	$3,600
WILLIAM CLIFT	EXECUTIVE BOARD MEMBER/SUP	4.00	Officer	$3,600	$0	$3,600
RAMO KLINE	EXECUTIVE BOARD MEMBER/AT-LARGE	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
2024	$416,375	$392,127	$371,432	$24,248
2023	$366,351	$333,862	$345,324	$32,489
2022	$333,733	$316,991	$310,363	$16,742
2021	$343,780	$341,338	$296,098	$2,442
2020	$339,064	$286,300	$294,001	$52,764
2019	$328,812	$314,526	$241,158	$14,286
2018	$325,111	$350,476	$224,166	$-25,365

HOLLYWOOD MUNICIPAL EMPLOYEES LOCAL AFSCME