United Steelworkers Local Union 00575 (EIN 221547464) - 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

Carolina Ferraro

Phone

7328874951

Tax Period

2024-01-01 to 2024-12-31

United Steelworkers Local Union 00575, founded in 2005, is a small nonprofit that reported $407K in total revenue in fiscal year 2024. The organization ran a surplus of $264K, a strong 65% 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $63,368

Investment Income $4,853

Other Revenue $338,324

TOTAL REVENUE $406,545

Expense Breakdown

Grants Paid $2,546

Salaries & Benefits $46,260

Fundraising Expenses $0

Other Expenses $93,701

TOTAL EXPENSES $142,507

Year-over-Year Comparison

	2024	2023	Change
Revenue	$406,545	N/A	N/A
Expenses	$142,507	N/A	N/A
Net Income	$264,038	N/A	N/A

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

$36,982

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ronald Coleman	President	010.00	Officer	$10,973	$0	$10,973
Richard Reinhold	Chief Steward	010.00	Officer	$9,449	$0	$9,449
Carolina Ferraro	Financial Secretary	010.00	Officer	$5,920	$0	$5,920
Richard Curia	Vice President	005.00	Officer	$4,328	$0	$4,328
Terence Hanrahan	Recording Secretary	005.00	Officer	$3,967	$0	$3,967
Joseph Acs	Trustee	001.00	Officer	$1,623	$0	$1,623
John Dombrowski	Asst Chief Steward	005.00	Officer	$361	$0	$361
Anthony Perez	Trustee	001.00	Officer	$361	$0	$361
Timothy Downey	Sergeant in Arms	005.00	Officer	$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	$406,545	$142,507	$271,081	$264,038

United Steelworkers Local Union 00575