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

1943

Legal Domicile

Principal Officer

MARK COCHRAN

Phone

2054122003

Tax Period

2024-01-01 to 2024-12-31

UNITED STEELWORKERS, founded in 1943, is a micro nonprofit that reported $33K in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. Expenses of $75K exceeded revenue, resulting in a 127% operating deficit.

Mission

The mission statment of the organization includes but is not limited to on behalf of its members collective bargaining, grievance procedures, arbitration, strike benefits, education and to improving 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, 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 $13,485

Investment Income $19,684

Other Revenue $0

TOTAL REVENUE $33,169

Expense Breakdown

Grants Paid $5,551

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $69,860

TOTAL EXPENSES $75,411

Year-over-Year Comparison

	2024	2023	Change
Revenue	$33,169	$38,614	-0.1%
Expenses	$75,411	$86,795	-0.1%
Net Income	$-42,242	$-48,181	-0.1%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK COCHRAN	ASST DIRECTOR	N/A	Key Emp	$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
2024	$33,169	$75,411	$1,003,601	$-42,242
2023	$38,614	$86,795	$1,045,843	$-48,181
2022	$26,510	$89,964	$1,094,024	$-63,454
2021	$32,054	$75,860	$1,157,478	$-43,806
2020	$699,996	$212,616	$1,201,284	$487,380