TRANSPORT WORKERS UNION OF AMERICA… - Form 990 Financial Data

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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

1949

Legal Domicile

Principal Officer

ROBERT GARRETT

Phone

7138644346

Tax Period

2023-01-01 to 2023-12-31

TRANSPORT WORKERS UNION OF AMERICA LOCAL 260, founded in 1949, is a small nonprofit that reported $919K in total revenue in fiscal year 2023. Revenue surged 2686% from the prior year, signaling strong growth momentum.

Mission

THE NBSP;MISSION NBSP;OF NBSP;THE NBSP;UNION NBSP;IS NBSP;TO NBSP;REPRESENT NBSP;AND NBSP;OFFER NBSP;COLLECTIVE NBSP;BARGAINING NBSP;FOR NBSP;ITS NBSP;MEMBERS NBSP;WHO NBSP;ARE NBSP;TRANSPORTATION NBSP;WORKERS

Program Service Accomplishments

Program 1

THE MAIN PURPOSE OF THE UNION IS TO REPRESENT AND OFFER COLLECTIVE BARGAINING FOR ITS MEMBERS, WHO ARE MAINLY TRANSPORATION WORKERS.

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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 $850,793

Program Service Revenue $63,804

Investment Income $4,324

Other Revenue $0

TOTAL REVENUE $918,921

Expense Breakdown

Grants Paid $0

Salaries & Benefits $659,498

Fundraising Expenses $0

Other Expenses $271,218

TOTAL EXPENSES $930,716

Year-over-Year Comparison

	2023	2022	Change
Revenue	$918,921	$32,981	+26.9%
Expenses	$930,716	$774,117	+0.2%
Net Income	$-11,795	$-741,136	-1.0%

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

$117,377

Total Directors

$161,142

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HORACE J MARVES	PRESIDENT	040.00	Officer	$117,377	$0	$117,377
FIDEL MINOR	VICE PRESIDENT	040.00		$94,895	$0	$94,895
ROBERT GARRETT	SECRETARY TREASURER	040.00		$112,477	$0	$112,477
RAUL S DELEON	MAINTENANCE GRIEVANCE REP	040.00	Director	$96,027	$0	$96,027
EDDIE MCGEE	ACCIDENT APPEALS REPRESENTATIVE	030.00	Director	$50,892	$0	$50,892
MARY E SIMON	EXECUTIVE BOARD	002.00	Director	$8,194	$0	$8,194
PETER ADEKANSOLA	EXECUTIVE BOARD	002.00	Director	$4,933	$0	$4,933
AURORA GARCIA	EXECUTIVE BOARD	002.00	Director	$1,096	$0	$1,096
ELLEN TROTTER	EXECUTIVE BOARD	002.00		$2,246	$0	$2,246

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	$918,921	$930,716	$261,490	$-11,795
2022	$760,179	$765,117	$268,103	$-4,938
2021	$665,949	$763,319	$253,798	$-97,370
2020	$760,594	$679,838	$381,853	$80,756
2019	$770,604	$753,172	$289,365	$17,432
2018	$678,798	$688,924	$286,070	$-10,126

TRANSPORT WORKERS UNION OF AMERICA LOCAL 260