TRANSPORT WORKERS UNION OF AMERICA LOCAL 568 (EIN 650260844) - 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

1991

Legal Domicile

Principal Officer

WILFREDO GONZALEZ

Phone

3058742788

Tax Period

2023-01-01 to 2023-12-31

TRANSPORT WORKERS UNION OF AMERICA LOCAL 568, founded in 1991, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $1.7M left a modest 6% surplus.

Mission

LABOR UNION

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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 $0

Program Service Revenue $1,760,916

Investment Income $7,689

Other Revenue $41,540

TOTAL REVENUE $1,810,145

Expense Breakdown

Grants Paid $0

Salaries & Benefits $288,754

Fundraising Expenses $0

Program Expenses $1,483,004

Other Expenses $1,409,291

TOTAL EXPENSES $1,698,045

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,810,145	$1,605,487	+0.1%
Expenses	$1,698,045	$1,892,129	-0.1%
Net Income	$112,100	$-286,642	-1.4%

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

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

$180,325

Total Directors

$79,075

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FREDERICK HARVEY	PRESIDENT	10.00	Officer Director	$35,025	$0	$35,025
MANNY LORENZANA	1ST VICE PRE	10.00	Officer Director	$22,025	$0	$22,025
RONALD WARE	2ND VICE PRE	10.00	Officer Director	$22,025	$0	$22,025
MICHAEL FERRETTI	RECORDING SE	10.00	Officer	$22,025	$0	$22,025
WILFREDO GONZALEZ	SECRETARY TR	10.00	Officer	$22,025	$0	$22,025
MOYA ATKINS	EXECUTUVE BO	10.00	Officer	$14,300	$0	$14,300
JOHN R GORSKI	EXECUTIVE BO	10.00	Officer	$14,300	$0	$14,300
GLENN MORA	EXECUTIVE	10.00	Officer	$14,300	$0	$14,300
DALE SUNAGEL	EXECUTIVE BO	10.00	Officer	$14,300	$0	$14,300

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	$1,810,145	$1,698,045	$742,478	$112,100
2022	$1,605,487	$1,892,129	$698,189	$-286,642
2021	$1,602,149	$1,499,677	$1,002,494	$102,472
2020	$1,537,901	$1,357,016	$754,480	$180,885
2019	$1,576,812	$1,759,400	$706,908	$-182,588

TRANSPORT WORKERS UNION OF AMERICA LOCAL 568