UNITED STEELWORKERS LOCAL 1104

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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

1937

Legal Domicile

Principal Officer

Rick Cain

Phone

4402441358

Tax Period

2020-01-01 to 2020-12-31

UNITED STEELWORKERS LOCAL 1104, founded in 1937, is a micro nonprofit that reported $77K in total revenue in fiscal year 2020. Revenue fell 64% from the prior year — a significant decline worth monitoring. Expenses of $92K exceeded revenue, resulting in a 19% operating deficit.

Mission

The mission settlement of this organization includes, but is not limited to on behalf of its members; collective bargaining, grievance procedures, arbitration, strike benefits, education, organize and to improve the working conditions of its members.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $0

The Local Union continues in an ongoing effort to defend and enforce the negotiated collective bargaining agreement for our members' wages, benefits and working conditions. The members dues, related income and expenses are used to carry out these activities. The Local Union is continually striving to maintain or accomplish improvements for our 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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $76,643

Investment Income $36

Other Revenue $755

TOTAL REVENUE $77,434

Expense Breakdown

Grants Paid $0

Salaries & Benefits $57,690

Fundraising Expenses $0

Program Expenses $0

Other Expenses $34,215

TOTAL EXPENSES $91,905

Year-over-Year Comparison

	2020	2019	Change
Revenue	$77,434	$214,623	-0.6%
Expenses	$91,905	$171,016	-0.5%
Net Income	$-14,471	$43,607	-1.3%

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

$13,038

Total Directors

Key Employees

$17,310

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Rosanne McDermott	Office Manager	25	Key Emp	$17,310	$0	$17,310
Onika Rivera	President	8	Officer	$9,711	$0	$9,711
Cheryl Farsetti	Recording Secretary	0.5	Officer	$1,768	$0	$1,768
John Farsetti	Financial Secretary	0.5	Officer	$1,559	$0	$1,559
Richard Cain	Vice President	1	Officer	$0	$0	$0
David Clawson	Treasurer	0.5	Officer	$0	$0	$0
Thomas Kelling	Trustee	0.25	Officer	$0	$0	$0
George Husty	Trustee	0.25	Officer	$0	$0	$0
Peter Hritsko	Trustee	0.25	Officer	$0	$0	$0
John Blaz	Outside Guard	0.25	Officer	$0	$0	$0
George Fleming	Inside Guard	0.25	Officer	$0	$0	$0
Jason Warner	Guide	0.25	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
2020	$77,434	$91,905	$467,810	$-14,471