UNITED STEELWORKERS LOCAL 1-00450 (EIN 340711339) - 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

1948

Legal Domicile

Principal Officer

NICHOLAS MARTINO

Phone

3304183330

Tax Period

2023-01-01 to 2023-12-31

UNITED STEELWORKERS LOCAL 1-00450, founded in 1948, is a small nonprofit that reported $226K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $144K, a strong 64% operating margin.

Mission

COLLECTIVE BARGAINING. LOCAL UNION ENFORCED COLLECTIVE BARGAINING AGREEMENT. BETTERMENT OF WORKING CONDITIONS OF THE LOCAL UNION. PROVIDE REPRESENTATION FOR LOCAL 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 (2023)

Revenue Breakdown

Contributions & Grants $177,540

Program Service Revenue $0

Investment Income $48,796

Other Revenue $0

TOTAL REVENUE $226,336

Expense Breakdown

Grants Paid $0

Salaries & Benefits $39,843

Fundraising Expenses $0

Program Expenses $82,173

Other Expenses $42,330

TOTAL EXPENSES $82,173

Year-over-Year Comparison

	2023	2022	Change
Revenue	$226,336	$205,482	+0.1%
Expenses	$82,173	$146,042	-0.4%
Net Income	$144,163	$59,440	+1.4%

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

307

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

$25,018

Total Directors

$6,505

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICK MARTINO II	FINANCIAL SECY/TREAS	010.00	Officer	$8,806	$0	$8,806
GARY MCCLUNG	PRESIDENT	005.00	Officer	$6,976	$0	$6,976
DONALD HOCKENBERRY	1ST VICE PRESIDENT	002.00	Officer	$5,700	$0	$5,700
LINDA HOCKENBERRY	REC SECY	001.00	Officer	$2,820	$0	$2,820
CHUCK GRIMM	TRUSTEE	001.00	Director	$2,085	$0	$2,085
MARK MULLANE	TRUSTEE	002.00	Director	$2,085	$0	$2,085
JAMES SHARP	TRUSTEE	001.00	Director	$1,980	$0	$1,980
JEFFREY LATIMER	VICE PRESIDENT	005.00	Officer	$716	$0	$716
JOHN ZUCHOWSKI	EXEC BOARD	001.00	Director	$355	$0	$355
KENNETH DRAIME	EXEC BOARD	001.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$226,336	$82,173	$1,672,471	$144,163
2022	$205,482	$146,042	$1,516,700	$59,440
2021	$259,565	$128,825	$1,565,683	$130,740
2020	$182,335	$71,594	$1,403,750	$110,741
2019	$172,287	$156,659	$1,253,961	$15,628
2018	$145,338	$93,259	$1,126,952	$52,079

UNITED STEELWORKERS LOCAL 1-00450