United Steelworkers Local Union 00449 (EIN 016014196) - 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

2005

Legal Domicile

Principal Officer

Robert Genest

Phone

2076490418

Tax Period

2025-01-01 to 2025-12-31

United Steelworkers Local Union 00449, founded in 2005, is a small nonprofit that reported $238K in total revenue in fiscal year 2025. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $82K, a strong 35% operating margin.

Mission

Local Union enforced the collective bargaining agreement to better the working conditions of the Local Union provide representation to its members.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $210,326

Investment Income $10,841

Other Revenue $17,317

TOTAL REVENUE $238,484

Expense Breakdown

Grants Paid $19,100

Salaries & Benefits $84,441

Fundraising Expenses $0

Other Expenses $52,622

TOTAL EXPENSES $156,163

Year-over-Year Comparison

	2025	2024	Change
Revenue	$238,484	$213,372	+0.1%
Expenses	$156,163	$229,956	-0.3%
Net Income	$82,321	$-16,584	-6.0%

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

$50,844

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Robert Genest	Treasurer	005.00	Officer	$15,843	$0	$15,843
Herman Drouin	President	010.00	Officer	$10,269	$0	$10,269
Steven Sandelier	Vice President	005.00	Officer	$8,344	$0	$8,344
Kelly Works	Recording Sec	002.00	Officer	$6,671	$0	$6,671
Joey St Pierre	Trustee	001.00	Officer	$3,381	$0	$3,381
Ryan Sanborn	Financial Sec	010.00	Officer	$2,948	$0	$2,948
Russell Violette	Trustee	001.00	Officer	$1,084	$0	$1,084
Dana Shores	Outside Guard	001.00	Officer	$972	$0	$972
Jodi Knox	Trustee	001.00	Officer	$904	$0	$904
Robert Fotter	Inside Guard	001.00	Officer	$428	$0	$428

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
2025	$238,484	$156,163	$593,395	$82,321
2024	$213,372	$229,956	$511,074	$-16,584
2023	$181,687	$131,235	$527,658	$50,452

United Steelworkers Local Union 00449