UNITED STEELWORKERS LOCAL 625 BENEFIT TRUST (EIN 266687118) - 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

2009

Legal Domicile

Principal Officer

WADE MCCLURG

Phone

7162053367

Tax Period

2023-01-01 to 2023-12-31

UNITED STEELWORKERS LOCAL 625 BENEFIT TRUST, founded in 2009, is a community nonprofit in the Mutual Benefit sector that reported $1.7M in total revenue in fiscal year 2023.

Mission

TO PROVIDE EMPLOYEE BENEFITS AS PERMISSIBLE UNDER APPROPRIATE INTERNAL REVENUE CODES AND PURSUANT TO APPLICABLE IRS RULES AND REGULATIONS.

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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 $1,682,045

Investment Income $35,661

Other Revenue $0

TOTAL REVENUE $1,717,706

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $18,916

TOTAL EXPENSES $1,747,836

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,717,706	$1,659,318	+0.0%
Expenses	$1,747,836	$1,593,450	+0.1%
Net Income	$-30,130	$65,868	-1.5%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ZACK GOODELL	TRUSTEE	1.00	Director	$0	$0	$0
JOE VELEZ	RECORDING SECRETARY	1.00	Officer Director	$0	$0	$0
WADE MCCLURG	CHAIRMAN	1.00	Officer Director	$0	$0	$0
TROY POTTER	TRUSTEE	1.00	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
2024	No data	No data	No data	No data
2023	$1,717,706	$1,747,836	$2,017,514	$-30,130
2022	$1,659,318	$1,593,450	$2,043,310	$65,868
2021	$1,788,386	$1,600,467	$2,022,191	$187,919
2020	$1,877,385	$1,541,435	$1,819,791	$335,950
2019	$1,772,580	$1,506,599	$1,482,302	$265,981
2018	$1,752,712	$1,630,938	$1,202,141	$121,774

UNITED STEELWORKERS LOCAL 625 BENEFIT TRUST