UNITED STEEL WORKERS OF AMERICA LOCAL 88 (EIN 231285936) - 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

MIKE LEDGER

Phone

2157883393

Tax Period

2023-01-01 to 2023-12-31

UNITED STEEL WORKERS OF AMERICA LOCAL 88, founded in 1944, is a micro nonprofit that reported $92K in total revenue in fiscal year 2023. Expenses of $144K exceeded revenue, resulting in a 57% operating deficit.

Mission

THE LOCAL'S MISSION IS TO SUPPORT COLLECTIVE BARGAINING FOR ITS MEMBERS, CONDUCTING MEMBERSHIP MEETINGS, EDUCATION, ORGANIZING EVENTS TO FURTHER THE COMMON INTERESTS OF THE MEMBERSHIP.

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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 $80,871

Investment Income $10,804

Other Revenue $0

TOTAL REVENUE $91,675

Expense Breakdown

Grants Paid $1,469

Salaries & Benefits $105,565

Fundraising Expenses $0

Other Expenses $36,534

TOTAL EXPENSES $143,568

Year-over-Year Comparison

	2023	2022	Change
Revenue	$91,675	$88,287	+0.0%
Expenses	$143,568	$130,033	+0.1%
Net Income	$-51,893	$-41,746	+0.2%

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

Employees

Volunteers

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

$69,908

Total Directors

$97,413

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE LEDGER	PRESIDENT	25.00	Officer Director	$50,724	$0	$50,724
JOHN ALEXANDER	VICE PRESIDENT	10.00	Officer Director	$11,391	$0	$11,391
ROBERT HAMILTON	RECORDING SECRETARY	2.00	Officer Director	$1,160	$0	$1,160
DAVE BARTON	WAGE COMMITTEE	2.00	Director	$14,905	$0	$14,905
ROB MAUGERI	FORMER FINANCIAL SECRETARY	2.00	Officer Director	$3,202	$0	$3,202
ED KUBIS	TRUSTEE	2.00	Director	$2,768	$0	$2,768
JOHN THOMPSON	TRUSTEE	2.00	Director	$172	$0	$172
RICH FAUNCE	VICE PRESIDENT	2.00	Officer Director	$1,500	$0	$1,500
DANIAL BOSCO	FORMER WAGE COMMITTEE	2.00	Director	$3,297	$0	$3,297
JASON GARDINER	WAGE COMMITTEE	2.00	Director	$1,500	$0	$1,500
TERRY WALKER	VICE PRESIDENT	2.00	Director	$2,362	$0	$2,362
KYLE CHIACCIO	WAGE COMMITTEE	2.00	Director	$2,280	$0	$2,280
JOHN COULTER	OUTER GUARD	2.00	Director	$221	$0	$221
STEVE HOLLAND	TREASUER	10.00	Officer Director	$1,931	$0	$1,931
GABE BICKINGS	GUIDE	2.00	Director	$0	$0	$0
EDWARD MCCLOSKEY	INNER GUARD	2.00	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
2023	$91,675	$143,568	$455,730	$-51,893
2022	$88,287	$130,033	$449,157	$-41,746
2021	$127,659	$142,452	$574,080	$-14,793
2020	$106,842	$88,856	$576,361	$17,986
2019	$459,110	$95,661	$514,925	$363,449
2018	$96,212	$96,310	$533,489	$-98

UNITED STEEL WORKERS OF AMERICA LOCAL 88