APFA · Financial Transparency & LM Reporting

Official Filings

APFA is reviewed here as a single-filer union. The latest official LM-2 currently available is the fiscal year ending 03/31/2025.

FY ending 03/31/2025: Official filing
FY ending 03/31/2024: Official filing
FY ending 03/31/2023: Official filing

Filing-status note: the FY ending 03/31/2026 LM-2 is not yet due. Under DOL rules, APFA’s next annual filing is due 06/29/2026.

Form LM-2 is the federal government’s most detailed annual financial report for unions with $250,000 or more in annual receipts. For APFA, it is one national filing, which means this page is reading one treasury rather than a sector / MEC / LEC stack.

Items 1–9: these are the filing-header basics. They identify the union, file number, reporting period, whether the filing is amended, hardship-filed, or terminal, the union’s mailing address, and whether the records are kept there.
Items 10–21: these are the governance and activity basics. They show things like PAC activity, outside audit or review, fidelity bond coverage, asset pledges or contingent liabilities, the next regular officer election, membership, and the rates of dues and fees.
Statement A — Assets and Liabilities: this is the balance-sheet section. It shows what APFA reported owning and owing at the start and end of the fiscal year. Total assets are built from cash, accounts receivable, investments, fixed assets, and other assets. Total liabilities are built from accounts payable, loans payable, mortgages payable, and other liabilities. Net assets are total assets less total liabilities.
Schedules 1–10: these schedules support Statement A. They provide additional detail for accounts receivable, loans receivable, sales and purchases of investments or fixed assets, investments, fixed assets, other assets, accounts payable, loans payable, and other liabilities.
Schedules 11 and 12: these report officers, employees, and disbursements to them. This is where the filing shows salaries and other direct or indirect disbursements to named officers and employees.
Schedule 13: this is the membership-status schedule. It shows the union’s membership categories and counts, which helps explain how the membership total in Item 20 is composed.
Statement B — Receipts and Disbursements: this is the cash-flow section. It shows what APFA reported receiving and spending during the fiscal year.
Schedule 14 — Other Receipts: this is the catch-all receipt schedule. It is used when receipts do not belong in the more specific Statement B receipt lines.
Schedule 15 — Representational Activities: this is the main member-service spending category. It covers direct and indirect disbursements associated with preparing for, negotiating, administering, and enforcing collective bargaining agreements.
Schedule 16 — Political Activities and Lobbying: this covers direct and indirect disbursements associated with political activities and lobbying.
Schedule 17 — Contributions, Gifts, and Grants: this covers reported charitable or similar transfers.
Schedule 18 — General Overhead: this covers overhead that supports operations but cannot be allocated to another disbursement category.
Schedule 19 — Union Administration: this covers internal governance and administration, including elections, meetings, and routine union operations.
Schedule 20 — Benefits: this covers direct and indirect benefit disbursements, including items such as health insurance, life insurance, and pensions.
Signatures and filing date: the end of the filing shows who signed the report and when it was submitted. This matters because it helps identify whether a figure is current, amended, or filed later than the fiscal year-end.

The year-by-year sections below should therefore be read as reported filing amounts, not as complete narrative explanations. The purpose is to show what APFA reported in each section of the LM-2 and what those reported amounts appear to mean.

FY2025 Analysis

Filing Header and Governance Basics

File number: 509-620
Period covered: 04/01/2024 through 03/31/2025
Amended / hardship / terminal: No / No / No
Records kept at mailing address: Yes
PAC fund reported: Yes
Outside audit or review reported: Yes
Maximum fidelity bond coverage: $500,000
Next regular election of officers: 02/2027
Members: 28,732
Regular dues: $41 per month

Statement A — Assets and Liabilities

Cash: $1,063,173
Accounts receivable (Schedule 1): $24,557
Investments (Schedule 5): $12,216,330
Fixed assets (Schedule 6): $880,144
Other assets (Schedule 7): $140,356
Total assets: $14,324,560
Accounts payable (Schedule 8): $1,673,779
Total liabilities: $1,673,779
Net assets: $12,650,781

Statement B — Receipts and Disbursements

Dues and agency fees: $13,139,191
Interest: $345,052
Sale of investments and fixed assets: $217,380
Total receipts: $13,701,623
Representational activities (Schedule 15): $8,445,314
Political activities and lobbying (Schedule 16): $171,998
Contributions, gifts, and grants (Schedule 17): $4,092
General overhead (Schedule 18): $2,202,931
Union administration (Schedule 19): $2,145,710
Benefits (Schedule 20): $807,387
Purchase of investments and fixed assets: $277,664
Direct taxes: $91,331
Total disbursements: $14,146,427

Notable Schedule-Level Signals

American Airlines Payloss — Schedule 1 accounts receivable: $18,118
American Airlines Payloss — Schedule 8 accounts payable: $1,075,650
Schedule 5 investments: $12,216,330

FY2024 Analysis

Filing Header and Governance Basics

File number: 509-620
Period covered: 04/01/2023 through 03/31/2024
Amended / hardship / terminal: No / No / No
Records kept at mailing address: Yes
PAC fund reported: Yes
Outside audit or review reported: Yes
Maximum fidelity bond coverage: $500,000
Next regular election of officers: 02/2028
Members: 26,523
Regular dues: $41 per month

Statement A — Assets and Liabilities

Cash: $1,507,977
Accounts receivable (Schedule 1): $96,539
Investments (Schedule 5): $14,875,873
Fixed assets (Schedule 6): $1,067,272
Other assets (Schedule 7): $44,033
Total assets: $17,591,694
Accounts payable (Schedule 8): $2,075,570
Total liabilities: $2,075,570
Net assets: $15,516,124

Statement B — Receipts and Disbursements

Dues and agency fees: $13,009,224
Interest: $308,074
Sale of investments and fixed assets: $739,157
Total receipts: $14,056,455
Representational activities (Schedule 15): $8,717,630
Political activities and lobbying (Schedule 16): $245,517
Contributions, gifts, and grants (Schedule 17): $5,042
General overhead (Schedule 18): $1,902,117
Union administration (Schedule 19): $1,773,887
Benefits (Schedule 20): $730,487
Purchase of investments and fixed assets: $463,547
Direct taxes: $174,710
Total disbursements: $14,012,937

Notable Schedule-Level Signals

American Airlines Payloss — Schedule 1 accounts receivable: $94,662
American Airlines Payloss — Schedule 8 accounts payable: $1,516,786
Schedule 5 investments: $14,875,873

FY2023 Analysis

Filing Header and Governance Basics

File number: 509-620
Period covered: 04/01/2022 through 03/31/2023
Amended / hardship / terminal: No / No / No
Records kept at mailing address: Yes
PAC fund reported: Yes
Outside audit or review reported: Yes
Maximum fidelity bond coverage: $500,000
Next regular election of officers: 02/2024
Members: 25,085
Regular dues: $41 per month

Statement A — Assets and Liabilities

Cash: $1,464,459
Accounts receivable (Schedule 1): $218,845
Investments (Schedule 5): $16,006,312
Fixed assets (Schedule 6): $1,049,887
Other assets (Schedule 7): $67,415
Total assets: $18,806,918
Accounts payable (Schedule 8): $1,816,802
Total liabilities: $1,816,802
Net assets: $16,990,116

Statement B — Receipts and Disbursements

Dues and agency fees: $11,587,801
Interest: $286,248
Sale of investments and fixed assets: $87,817
Total receipts: $11,961,866
Representational activities (Schedule 15): $7,915,901
Political activities and lobbying (Schedule 16): $231,247
Contributions, gifts, and grants (Schedule 17): $4,441
General overhead (Schedule 18): $1,833,671
Union administration (Schedule 19): $1,927,561
Benefits (Schedule 20): $653,080
Purchase of investments and fixed assets: $751,914
Direct taxes: $156,046
Total disbursements: $13,473,861

Notable Schedule-Level Signals

American Airlines Payloss — Schedule 1 accounts receivable: $216,311
American Airlines Payloss — Schedule 8 accounts payable: $1,241,673
Schedule 5 investments: $16,006,312

Interpretive Limits

APFA’s single LM-2 gives a strong national-level financial picture, but it does not break member-facing representation into a CWA-AFA-style sector / MEC / LEC reporting stack. That makes APFA easier to read as one treasury, but it also means local-layer representation cannot be analyzed here through separate subordinate-unit annual reports.

The long-term question this project is trying to answer is how much of each dues dollar appears to return to members as direct service. APFA is the cleanest place to establish the method because the filing structure is simpler, the official LM-2 is comprehensive, and the same categories repeat year after year.