United Steelworkers International

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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

1966

Legal Domicile

Principal Officer

Michael Henson

Phone

8287345912

Tax Period

2024-01-01 to 2024-12-31

United Steelworkers International, founded in 1966, is a micro nonprofit that reported $25K in total revenue in fiscal year 2024. Revenue fell 88% from the prior year — a significant decline worth monitoring. Expenses of $68K exceeded revenue, resulting in a 172% operating deficit.

Mission

The Mission Statement of the Organization Includes, 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 it 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 memebrs dues, 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $24,339

Investment Income $498

Other Revenue $0

TOTAL REVENUE $24,837

Expense Breakdown

Grants Paid $100

Salaries & Benefits $25,112

Fundraising Expenses $0

Other Expenses $42,399

TOTAL EXPENSES $67,611

Year-over-Year Comparison

	2024	2023	Change
Revenue	$24,837	$213,398	-0.9%
Expenses	$67,611	$195,198	-0.7%
Net Income	$-42,774	$18,200	-3.4%

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

$10,103

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ricky Lunsford	President	005.00	Officer	$2,921	$0	$2,921
Ricky Best	Treasurer	003.00	Officer	$2,485	$0	$2,485
James Best	Vice President	003.00	Officer	$2,395	$0	$2,395
Michael Henson	Financial Secretary	003.00	Officer	$1,907	$0	$1,907
Blake Jenkins	Recording Secretary	001.00	Officer	$395	$0	$395

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
2024	$24,837	$67,611	$524,553	$-42,774
2023	$213,398	$195,198	$567,327	$18,200
2022	$270,074	$378,374	$549,127	$-108,300
2021	$280,783	$252,377	$657,427	$28,406
2020	$251,229	$181,855	$629,021	$69,374