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

1977

Legal Domicile

Principal Officer

Jonathan Wilson

Phone

3044768620

Tax Period

2021-01-01 to 2021-12-31

United Steelworkers, founded in 1977, is a small nonprofit that reported $196K in total revenue in fiscal year 2021. Revenue fell 46% from the prior year — a significant decline worth monitoring. Expenses of $379K exceeded revenue, resulting in a 94% operating deficit.

Mission

The mission statement of the organization include but is not limited to on behalf of its members collective bargaining, grievance 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 there activites. 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 $192,281

Investment Income $2,827

Other Revenue $595

TOTAL REVENUE $195,703

Expense Breakdown

Grants Paid $2,698

Salaries & Benefits $258,230

Fundraising Expenses $0

Other Expenses $92,990

TOTAL EXPENSES $379,329

Year-over-Year Comparison

	2021	2020	Change
Revenue	$195,703	$359,448	-0.5%
Expenses	$379,329	$285,247	+0.3%
Net Income	$-183,626	$74,201	-3.5%

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

$235,204

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
William Hawkins	Vice President	032.00	Officer	$80,727	$0	$80,727
Chad McCormick	Recording Secretary	024.00	Officer	$68,059	$0	$68,059
Joseph Gouzd	President	040.00	Officer	$46,721	$0	$46,721
Gary Meleady	Financial Secretary	032.00	Officer	$11,153	$0	$11,153
Toby Spohn	Negotiating Committee	004.00	Officer	$10,155	$0	$10,155
Brian Fordyce	Negotiating Committee	004.00	Officer	$8,896	$0	$8,896
Michael Bernardo	Guide	002.00	Officer	$1,950	$0	$1,950
Albert Haught	SGT at Arms	002.00	Officer	$1,750	$0	$1,750
Teresa Dusenberry	Trsutee	002.00	Officer	$1,697	$0	$1,697
Robert Wolfe	Trustee	002.00	Officer	$1,644	$0	$1,644
Charles Johnson	SGT at Arms	002.00	Officer	$1,367	$0	$1,367
David Dusenberry	Trustee	002.00	Officer	$1,085	$0	$1,085
David King lll	Treasurer	008.00	Officer	$0	$0	$0
Vicent Gould	Trustee	002.00	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
2021	$195,703	$379,329	$512,475	$-183,626
2020	$359,448	$285,247	$696,101	$74,201