United Steelworkers Local 00558

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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

2006

Legal Domicile

Principal Officer

Aaron Nelson

Phone

6207551091

Tax Period

2021-01-01 to 2021-12-31

United Steelworkers Local 00558, founded in 2006, is a small nonprofit that reported $218K in total revenue in fiscal year 2021. Revenue surged 33% from the prior year, signaling strong growth momentum.

Mission

THE MISSION STATEMENT OF THE ORGANIZATION INCLUDES, BUT IS NOT LIMITED TO ON BEHALF OF ITS MEMBERS COLLECTIVE BARGAINING, GRIEVANCE PROCEDURES, ARBITRATION, STRIKE BENEFITS, EDUCATION, ORGAINIZING, AND TO IMPROVE THE WORKING CONDITIONS OF ITS MEMBERS.

Program Service Accomplishments

Program 1

THE LOCAL CONTINUES IN AN ONGOINGEFFORT 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 CARRYY 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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $217,220

Investment Income $282

Other Revenue $509

TOTAL REVENUE $218,011

Expense Breakdown

Grants Paid $8,420

Salaries & Benefits $19,941

Fundraising Expenses $0

Other Expenses $17,972

TOTAL EXPENSES $212,581

Year-over-Year Comparison

	2021	2020	Change
Revenue	$218,011	$163,818	+0.3%
Expenses	$212,581	$189,282	+0.1%
Net Income	$5,430	$-25,464	-1.2%

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

$10,065

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Aaron Nelson	Financial Secretary	005.00	Officer	$3,750	$0	$3,750
Chris Fellers	Trustee	001.00	Officer	$2,584	$0	$2,584
Timothy Fay	Recording Secretary	005.00	Officer	$1,875	$0	$1,875
Todd Cain	President	010.00	Officer	$1,500	$0	$1,500
Cody Handcock	Vice President	005.00	Officer	$356	$0	$356
Eric Harold	Trustee	001.00	Officer	$0	$0	$0
Tim Wilson	Trustee	001.00	Officer	$0	$0	$0
Matt Ptaszynski	Guard	001.00	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
2025	No data	No data	No data	No data
2021	$218,011	$212,581	$220,884	$5,430