AFGE LOCAL 1042 (EIN 936050774) - 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

Legal Domicile

Principal Officer

CAROLYN SCHWAB

Phone

5414401000

Tax Period

2024-01-01 to 2024-12-31

AFGE LOCAL 1042 is a small nonprofit that reported $145K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $174K exceeded revenue, resulting in a 20% operating deficit.

Mission

AFGE LABOR ORGANIZATION

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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 $0

Program Service Revenue $135,199

Investment Income $10,058

Other Revenue $0

TOTAL REVENUE $145,257

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $174,351

Other Expenses $174,351

TOTAL EXPENSES $174,351

Year-over-Year Comparison

	2024	2023	Change
Revenue	$145,257	$131,742	+0.1%
Expenses	$174,351	$94,944	+0.8%
Net Income	$-29,094	$36,798	-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

548

Independent Members

548

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

$14,153

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROLYN SCHWAB	PRESIDENT	40.00	Officer	$0	$11,000	$11,000
SILDA SILVA	SECRETARY	8.00	Officer	$0	$2,011	$2,011
ROBERT MARINE	VICE PRESIDE	20.00	Officer	$0	$571	$571
MICHAEL PRENTICE	TREASURER	24.00	Officer	$0	$571	$571

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	$145,257	$174,351	$541,654	$-29,094
2023	$131,742	$94,944	$573,061	$36,798
2022	$122,526	$65,046	$533,950	$57,480

AFGE LOCAL 1042