United Steelworkers

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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

1958

Legal Domicile

Principal Officer

Todd Paxton

Phone

3306065668

Tax Period

2021-01-01 to 2021-12-31

United Steelworkers, founded in 1958, is a small nonprofit that reported $475K in total revenue in fiscal year 2021. Expenses of $461K left a modest 3% surplus.

Mission

The mission statement of the Local Union includes, but is not limited to on behalf of its members collective bargaining, grievance procedures, arbitrations, strike benefits, education, and to improve the working conditions for its members.

Program Service Accomplishments

Program 1

Local Union continues in a ongoing effort to defend and enforce the negotiated collective bargaining organization for our members wages, benefits working conditions. Members dues, related income, and expenses are used to carry out these activities. Local Union is continually striving to maintain, or accomplish improvemnents for 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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $38,118

Investment Income $2

Other Revenue $437,149

TOTAL REVENUE $475,269

Expense Breakdown

Grants Paid $194

Salaries & Benefits $32,119

Fundraising Expenses $0

Other Expenses $428,286

TOTAL EXPENSES $460,599

Year-over-Year Comparison

	2021	2020	Change
Revenue	$475,269	N/A	N/A
Expenses	$460,599	N/A	N/A
Net Income	$14,670	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

$24,579

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael Baumgardner	Grievance	005.00	Officer	$5,239	$0	$5,239
Kenneth Miller	President	005.00	Officer	$4,555	$0	$4,555
Dan Leary	Trustee	002.00	Officer	$3,378	$0	$3,378
Ron Husk	RS	004.00	Officer	$3,164	$0	$3,164
Todd Paxton	Financial Secretary	008.00	Officer	$2,950	$0	$2,950
Craig Cross	VP	002.00	Officer	$2,112	$0	$2,112
David Richardson	Trustee	002.00	Officer	$1,748	$0	$1,748
Mikel Webb	Treasurer	005.00	Officer	$1,433	$0	$1,433

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
2021	$475,269	$460,599	$80,477	$14,670