AMALGAMATED TRANSIT UNION LOCAL 1277 (EIN 951310934) - 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

1943

Legal Domicile

Principal Officer

JEFFrey SHAFFER

Phone

3232221277

Tax Period

2023-01-01 to 2023-12-31

AMALGAMATED TRANSIT UNION LOCAL 1277, founded in 1943, is a community nonprofit that reported $4.4M in total revenue in fiscal year 2023.

Mission

UNITE MEMBERS INTO ONE ORGANIZATION FOR THE PURPOSE OF IMPROVING ECONOMIC ADVANTAGES THROUGH collective BARGAINING AND PROMOTE EDUCATIONAL AND SOCIAL AWARENESS OF ITS MEMBERSHIP.

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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 $3,458,791

Investment Income $8,521

Other Revenue $886,300

TOTAL REVENUE $4,353,612

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,175,429

Fundraising Expenses $0

Other Expenses $2,393,582

TOTAL EXPENSES $4,451,738

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,353,612	$4,184,481	+0.0%
Expenses	$4,451,738	$4,339,296	+0.0%
Net Income	$-98,126	$-154,815	-0.4%

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

$871,741

Total Directors

$1,027,890

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERROL FRAZIER	VICE PRESIDENT/ASST. BUS AGENT	40.0	Officer Director	$291,053	$0	$291,053
JOHN DIRITO	Financial Recording Secretary	40.0	Officer Director	$201,341	$0	$201,341
JEFFREY SHAFFER	PRESIDENT/BUSINESS AGENT	40.0	Officer Director	$191,772	$0	$191,772
MAURO VARELA	TREASURER	40.0	Officer Director	$187,575	$0	$187,575
Victor Rodriguez	Executive Board	40.0	Director	$156,149	$0	$156,149

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	$4,353,612	$4,451,738	$2,099,211	$-98,126
2022	$4,184,481	$4,339,296	$2,338,610	$-154,815
2021	$4,007,273	$4,183,929	$2,514,518	$-176,656
2020	$3,907,996	$3,814,356	$2,641,706	$93,640
2019	$3,908,449	$4,029,733	$2,503,590	$-121,284
2018	$3,736,238	$3,902,329	$2,623,944	$-166,091

AMALGAMATED TRANSIT UNION LOCAL 1277