SEIU LOCAL 87 (EIN 940348195) - 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

1930

Legal Domicile

Principal Officer

OLGA MIRANDA

Phone

4158850087

Tax Period

2024-01-01 to 2024-12-31

SEIU LOCAL 87, founded in 1930, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2024. Expenses of $2.6M exceeded revenue, resulting in a 14% operating deficit.

Mission

LOCAL UNION ORGANIZED TO PROMOTE AND DEVELOP THE WELFARE OF THE JANITORS BY IMPROVING THEIR WORKING CONDITIONS.

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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 $4,750

Program Service Revenue $2,269,770

Investment Income $35,195

Other Revenue $18,845

TOTAL REVENUE $2,328,560

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,065,622

Fundraising Expenses $0

Other Expenses $1,584,267

TOTAL EXPENSES $2,649,889

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,328,560	$2,261,831	+0.0%
Expenses	$2,649,889	$2,193,684	+0.2%
Net Income	$-321,329	$68,147	-5.7%

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

$603,708

Total Directors

$663,949

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ABDO HADWAN	VICE PRESIDENT	40.0	Officer Director	$143,146	$63,855	$207,001
OLGA MIRANDA	PRESIDENT	40.0	Officer Director	$140,666	$63,334	$204,000
YING SHAN MEI	SECRETARY-TREASURER	40.0	Officer Director	$131,333	$61,374	$192,707
MARINA VALERA	TRUSTEE	1.0	Director	$13,533	$0	$13,533
ESPERANZA RUELAS	EXECUTIVE BOARD	1.0	Director	$10,880	$0	$10,880
GLORIA ESPINOZA	EXECUTIVE BOARD	1.0	Director	$10,056	$0	$10,056
JULIO ALVARADO GOMEZ	EXECUTIVE BOARD	1.0	Director	$9,621	$0	$9,621
JOSE M CASTILLO	TRUSTEE	1.0	Director	$8,341	$0	$8,341
ANGELA KWAN	EXECUTIVE BOARD	1.0	Director	$4,616	$0	$4,616
RAMIRO RODRIGUEZ	EXECUTIVE BOARD	1.0	Director	$794	$0	$794
ABDULGHANY ALGAHIM	EXECUTIVE BOARD	1.0	Director	$600	$0	$600
OMAR ALOMISSY	EXECUTIVE BOARD	1.0	Director	$600	$0	$600
CYNTHIA WONG	EXECUTIVE BOARD	1.0	Director	$600	$0	$600
SAID M ALGAHEIM	EXECUTIVE BOARD	1.0	Director	$600	$0	$600

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	$2,328,560	$2,649,889	$1,226,670	$-321,329
2023	$2,261,831	$2,193,684	$1,594,670	$68,147
2022	$2,080,714	$2,090,370	$1,531,765	$-9,656
2021	$2,035,207	$2,235,134	$1,599,625	$-199,927
2020	$2,077,741	$1,986,304	$1,703,552	$91,437
2019	$2,484,623	$2,281,389	$1,559,521	$203,234
2018	$2,289,366	$2,046,657	$1,350,870	$242,709

SEIU LOCAL 87