UNITED STEELWORKERS LOCAL 4950

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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

1954

Legal Domicile

Principal Officer

DANIEL RUOKOLAINEN

Phone

9064756930

Tax Period

2025-01-01 to 2025-12-31

UNITED STEELWORKERS LOCAL 4950, founded in 1954, is a small nonprofit that reported $331K in total revenue in fiscal year 2025. Revenue surged 22% from the prior year, signaling strong growth momentum. Net assets of $1.1M represent 38 months of operating reserves.

Mission

LABOR UNION WHICH PROVIDES IT'S MEMBERS WITH BENEFITS TO INCLUDE, BUT NOT LIMITED TO: COLLECTIVE BARGAINING, GRIEVANCE PROCESS, ARBITRATION, STRIKE BENEFITS, EDUCATION, ORGANZING, AND THE IMPROVEMENT OF WORKING CONDITIONS OF IT'S MEMBERS

Program Service Accomplishments

Program 1

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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 (2025)

Revenue Breakdown

Contributions & Grants $269,445

Program Service Revenue $0

Investment Income $5,333

Other Revenue $56,558

TOTAL REVENUE $331,336

Expense Breakdown

Grants Paid $2,000

Salaries & Benefits $205,973

Fundraising Expenses $0

Other Expenses $122,099

TOTAL EXPENSES $330,072

Year-over-Year Comparison

	2025	2024	Change
Revenue	$331,336	$270,545	+0.2%
Expenses	$330,072	$299,673	+0.1%
Net Income	$1,264	$-29,128	-1.0%

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

568

Independent Members

568

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

$123,439

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL RUOKOLAINEN	PRESIDENT	15.76	Officer	$32,774	$4,824	$37,598
DON HUTCHENS	RECORDING SE	12.05	Officer	$25,071	$1,595	$26,666
MICHAEL GRONDZ	VICE-PRESIDE	8.71	Officer	$18,118	$8,307	$26,425
GREG MONTGOMERY	TREASURER	4.86	Officer	$10,104	$1,530	$11,634
CHAD KORPI	FINANCIAL SE	3.38	Officer	$7,020	$3,768	$10,788
JEREMY OLLANKETO	TRUSTEE	3.02	Officer	$6,280	$640	$6,920
JON MONTGOMERY	TRUSTEE	0.92	Officer	$1,911	$620	$2,531
GLENN TROUPE	GUIDE	0.31	Officer	$637	$0	$637
TYSON BUTORAC	GUARD	0.00	Officer	$0	$240	$240

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	$331,336	$330,072	$1,060,709	$1,264
2024	$270,545	$299,673	$1,059,445	$-29,128
2023	$299,544	$389,455	$1,088,573	$-89,911
2022	$271,886	$387,348	$1,178,484	$-115,462
2021	$287,669	$265,375	$1,293,946	$22,294
2020	$214,870	$166,908	$1,271,652	$47,962