United Steelworkers Local Union 00550 (EIN 610534184) - 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

James Rogers

Phone

2705562087

Tax Period

2025-01-01 to 2025-12-31

United Steelworkers Local Union 00550, founded in 2005, is a small nonprofit that reported $414K in total revenue in fiscal year 2025. Expenses of $400K left a modest 3% surplus.

Mission

Local Union enforced the collective bargaining agreement to better the working conditions of the Local Union 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 $303,018

Investment Income $142

Other Revenue $110,413

TOTAL REVENUE $413,573

Expense Breakdown

Grants Paid $20,270

Salaries & Benefits $194,159

Fundraising Expenses $0

Other Expenses $185,870

TOTAL EXPENSES $400,299

Year-over-Year Comparison

	2025	2024	Change
Revenue	$413,573	$398,589	+0.0%
Expenses	$400,299	$405,779	0.0%
Net Income	$13,274	$-7,190	-2.8%

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

$49,704

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Gary Wilson	President	010.00	Officer	$7,200	$0	$7,200
Brad Berry	Recording Secretary	003.00	Officer	$6,453	$0	$6,453
Chris Neely	Unit President	002.00	Officer	$5,027	$0	$5,027
Sam Boss	Unit President	002.00	Officer	$4,997	$0	$4,997
Brad Langston	Vice President	002.00	Officer	$4,800	$0	$4,800
James Rogers	Financial Secretary	010.00	Officer	$4,800	$0	$4,800
Donald Overstreet	Unit President	002.00	Officer	$4,200	$0	$4,200
Bobby Harris	Unit President	002.00	Officer	$3,936	$0	$3,936
Ray Brad	Trustee	003.00	Officer	$3,190	$0	$3,190
Michael Puckett	Trustee	003.00	Officer	$2,221	$0	$2,221
Jacqueline Wright	Trustee	003.00	Officer	$1,440	$0	$1,440
Javid Ricks	SGT at Arms	001.00	Officer	$1,440	$0	$1,440

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	$413,573	$400,299	$420,486	$13,274
2025	$413,573	$400,299	$420,486	$13,274
2024	$398,589	$405,779	$366,219	$-7,190
2023	$348,283	$396,714	$388,535	$-48,431
2022	$291,032	$305,687	$431,586	$-14,655
2021	$245,963	$184,472	$453,037	$61,491
2020	$222,955	$159,542	$385,115	$63,413

United Steelworkers Local Union 00550