TRANSPORT WORKERS UNION OF AMERICA AFL-CIO LOCAL 502 (EIN 951751363) - 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

1944

Legal Domicile

Principal Officer

ANDRE K SUTTON PRESIDENT

Phone

3103225052

Tax Period

2023-01-01 to 2023-12-31

TRANSPORT WORKERS UNION OF AMERICA AFL-CIO LOCAL 502, founded in 1944, is a small nonprofit in the Employment sector that reported $796K in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $728K left a modest 9% surplus.

Mission

TO PROMOTE THE WELFARE OF MEMBERS AND REPRESENT THEM IN ALL MATTERS RELATING TO LABOR-MANAGEMENT RELATIONS.

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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 $779,871

Investment Income $2,555

Other Revenue $13,282

TOTAL REVENUE $795,708

Expense Breakdown

Grants Paid $0

Salaries & Benefits $232,989

Fundraising Expenses $0

Other Expenses $494,619

TOTAL EXPENSES $727,608

Year-over-Year Comparison

	2023	2022	Change
Revenue	$795,708	$692,034	+0.1%
Expenses	$727,608	$653,101	+0.1%
Net Income	$68,100	$38,933	+0.7%

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

$26,360

Total Directors

$70,040

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAMION C WARD	EXECUTIVE BOARD MEMBER	1.0	Director	$14,170	$0	$14,170
DEREK E MOORE	RECORDING SECRETARY	6.0	Director	$12,246	$0	$12,246
LANCE S PRICE	1ST VICE PRESIDENT	12.0	Officer Director	$9,560	$0	$9,560
STEVEN M TUAZON	EXECUTIVE BOARD MEMBER	1.0	Director	$8,648	$0	$8,648
KALONJI Y WATTS	EXECUTIVE BOARD MEMBER	1.0	Director	$8,616	$0	$8,616
GARY GILL	SECRETARY-TREASURER	25.0	Officer Director	$8,400	$0	$8,400
BRYAN K BALL	2ND VICE PRESIDENT	12.0	Officer Director	$8,400	$0	$8,400
ANDRE K SUTTON	PRESIDENT	1.0	Officer Director	$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
2024	No data	No data	No data	No data
2023	$795,708	$727,608	$1,172,714	$68,100
2022	$692,034	$653,101	$1,104,679	$38,933
2021	$674,035	$516,600	$1,064,433	$157,435
2020	$599,751	$504,944	$907,111	$94,807
2019	$604,293	$547,381	$811,955	$56,912
2018	$693,649	$509,490	$754,717	$184,159

TRANSPORT WORKERS UNION OF AMERICA AFL-CIO LOCAL 502