LOCAL 397

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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

2021

Legal Domicile

Principal Officer

HALCYONE SCHILLER

Phone

2155540086

Tax Period

2023-01-01 to 2023-12-31

LOCAL 397, founded in 2021, is a micro nonprofit that reported $55K in total revenue in fiscal year 2023. Revenue fell 78% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $45K, a strong 80% operating margin.

Mission

TO ORGANIZE WORKERS AND TO SECURE IMPROVED WAGES, BENEFITS AND WORKING CONDITIONS THROUGH COLLECTIVE BARGAINING.

Program Service Accomplishments

Program 1

Expenses: $10,853

TO ORGANIZE WORKERS AND TO SECURE COLLECTIVE BARGAINING AGREEMENTS WITH EMPLOYERS.

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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 $55,407

Investment Income $0

Other Revenue $0

TOTAL REVENUE $55,407

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $10,853

Other Expenses $10,853

TOTAL EXPENSES $10,853

Year-over-Year Comparison

	2023	2022	Change
Revenue	$55,407	$249,224	-0.8%
Expenses	$10,853	$192,329	-0.9%
Net Income	$44,554	$56,895	-0.2%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATTHEW CARRIERI	EXEC BOARD	1.00	Director	$0	$0	$0
ADAM MAZEIKA	RECORDING SECRETARY	1.00	Director	$0	$0	$0
HALCYONE SCHILLER	PRESIDENT	10.00	Director	$0	$0	$0
AMANDA BOCK	VICE PRESIDENT	5.00	Officer	$0	$0	$0
WYNNE KETTELL	SECRETARY TREASURER	5.00	Officer	$0	$0	$0
JENNA STAFFIERI	EXEC BOARD	5.00	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
2023	$55,407	$10,853	$101,449	$44,554
2022	$249,224	$192,329	$56,895	$56,895