United Steelworkers International Union Local 12003 (EIN 046138420) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1957

Legal Domicile

Principal Officer

Paul Champagne

Phone

7812489540

Tax Period

2025-01-01 to 2025-12-31

United Steelworkers International Union Local 12003, founded in 1957, is a small nonprofit that reported $612K in total revenue in fiscal year 2025. The organization ran a surplus of $255K, a strong 42% operating margin.

Mission

Local Union enforced the Collective Bargaining Agreement to better the working conditions of the Local Union and provide representation to its members

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $559,111

Investment Income $30,407

Other Revenue $22,618

TOTAL REVENUE $612,136

Expense Breakdown

Grants Paid $15,519

Salaries & Benefits $118,236

Fundraising Expenses $0

Other Expenses $223,720

TOTAL EXPENSES $357,475

Year-over-Year Comparison

	2025	2024	Change
Revenue	$612,136	$589,270	+0.0%
Expenses	$357,475	$252,378	+0.4%
Net Income	$254,661	$336,892	-0.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$52,619

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Marty Hernon	President	020.00	Officer	$13,689	$0	$13,689
Paul Champagne	Financial Secretary	010.00	Officer	$11,718	$0	$11,718
Christopher Worley	Vice President	010.00	Officer	$9,727	$0	$9,727
Joseph Faherty	Treasurer	005.00	Officer	$5,628	$0	$5,628
Jill Powers	Recording Secretary	002.00	Officer	$4,642	$0	$4,642
Brian Flynn	Trustee	001.00	Officer	$1,402	$0	$1,402
Joseph Sousa	Trustee	001.00	Officer	$1,352	$0	$1,352
Fahad Saifan	Guide	001.00	Officer	$1,352	$0	$1,352
Shane Harrington	Guard	001.00	Officer	$1,317	$0	$1,317
James Gooding	Guard	001.00	Officer	$1,317	$0	$1,317
Thomas O'Rourke	Trustee	001.00	Officer	$475	$0	$475

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	$612,136	$357,475	$1,870,406	$254,661
2024	$589,270	$252,378	$1,615,745	$336,892
2023	$580,043	$399,830	$1,278,853	$180,213
2022	$601,704	$453,563	$1,098,640	$148,141
2021	$541,935	$351,505	$761,796	$190,430
2020	$503,881	$304,041	$571,366	$199,840

United Steelworkers International Union Local 12003