United Steelworkers Local 2660

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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

1973

Legal Domicile

Principal Officer

Carl Jeranek

Phone

2189695633

Tax Period

2025-01-01 to 2025-12-31

United Steelworkers Local 2660, founded in 1973, is a small nonprofit that reported $256K in total revenue in fiscal year 2025. Revenue decreased 7% compared to the prior year. The organization ran a surplus of $48K, a strong 19% operating margin.

Mission

The Mission Statement of the Organization Include, but is not limited to on Behalf of its Members Collective Bargaining, Greivance Procedures, Arbitration, Strike Benefits, Education, and to Improve the Working Conditions of its members

Program Service Accomplishments

Program 1

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 and...

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 and 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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $233,772

Investment Income $845

Other Revenue $20,935

TOTAL REVENUE $255,552

Expense Breakdown

Grants Paid $9,592

Salaries & Benefits $118,744

Fundraising Expenses $0

Other Expenses $79,067

TOTAL EXPENSES $207,403

Year-over-Year Comparison

	2025	2024	Change
Revenue	$255,552	$274,891	-0.1%
Expenses	$207,403	$292,868	-0.3%
Net Income	$48,149	$-17,977	-3.7%

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

$83,921

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jacob Friend	President	010.00	Officer	$17,116	$0	$17,116
Carl Jaranek III	Financial Secretary	015.00	Officer	$15,494	$0	$15,494
Kenneth Lorenz	Recording Secretary	005.00	Officer	$8,654	$0	$8,654
Justin Savaloja	Vice President	005.00	Officer	$8,139	$0	$8,139
Jim Bozich	Treasurer	005.00	Officer	$7,574	$0	$7,574
Tawnya Gustafson	Trustee	002.00	Officer	$6,912	$0	$6,912
David Smith Jr	Trustee	002.00	Officer	$5,964	$0	$5,964
Matthew Clafton	Guard	002.00	Officer	$4,541	$0	$4,541
Rodney Jackson	Guide	002.00	Officer	$4,022	$0	$4,022
Josh Hoshal	Trustee	002.00	Officer	$3,418	$0	$3,418
Andrew Gregg II	Guard	002.00	Officer	$2,087	$0	$2,087

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	$255,552	$207,403	$469,228	$48,149
2024	$274,891	$292,868	$421,079	$-17,977
2023	$298,860	$254,116	$438,243	$44,744
2022	$341,537	$288,738	$393,499	$52,799
2021	$204,284	$137,281	$339,471	$67,003