STEELWORKERS LOCAL UNION 572 (EIN 580900445) - Form 990 Financial Analysis & Trantor Score

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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

2005

Legal Domicile

Principal Officer

CEDRIC DANIEL

Phone

4787887884

Tax Period

2025-01-01 to 2025-12-31

STEELWORKERS LOCAL UNION 572, founded in 2005, is a small nonprofit that reported $175K in total revenue in fiscal year 2025. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $165K left a modest 6% surplus.

Mission

Local Union enforced collective bargaining agreement to better working conditions of the Local Union and provide representation to its 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 $175,208

Investment Income $17

Other Revenue $0

TOTAL REVENUE $175,225

Expense Breakdown

Grants Paid $0

Salaries & Benefits $67,658

Fundraising Expenses $0

Program Expenses $123,665

Other Expenses $97,140

TOTAL EXPENSES $164,798

Year-over-Year Comparison

	2025	2024	Change
Revenue	$175,225	$147,115	+0.2%
Expenses	$164,798	$168,750	0.0%
Net Income	$10,427	$-21,635	-1.5%

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

$56,474

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CURTIS ALLEN	PRESIDENT	005.00	Officer	$14,579	$0	$14,579
JOSEPH PATTERSON	EXE VICE PRESIDENT	005.00	Officer	$12,982	$0	$12,982
DEXTER HAYWOOD	VICE PRESIDENT	005.00	Officer	$10,570	$0	$10,570
ROMI JEFFERSON	REC SECRETARY	005.00	Officer	$7,864	$0	$7,864
CEDRIC DANIEL	TREASURER	005.00	Officer	$5,732	$0	$5,732
DONAZLEIGH CONOWAY	FINANCIAL SECRETARY	005.00	Officer	$4,747	$0	$4,747
MIMI PATTERSON	REC SECRETARY	005.00	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	$175,225	$164,798	$342,660	$10,427
2024	$147,115	$168,750	$336,488	$-21,635
2023	$148,723	$143,449	$356,977	$5,274
2022	$139,318	$129,955	$348,602	$9,363
2021	$132,892	$103,693	$340,037	$29,199
2020	$139,180	$96,179	$308,655	$43,001
2019	$125,920	$110,125	$265,691	$15,795
2018	$144,658	$125,971	$249,687	$18,687

STEELWORKERS LOCAL UNION 572