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

1947

Legal Domicile

Principal Officer

ANDREA MERRIWEATHER

Phone

2057584476

Tax Period

2024-01-01 to 2024-12-31

UNITED STEELWORKERS, founded in 1947, is a small nonprofit that reported $709K in total revenue in fiscal year 2024.

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 $445,047

Investment Income $8,246

Other Revenue $255,708

TOTAL REVENUE $709,001

Expense Breakdown

Grants Paid $0

Salaries & Benefits $276,761

Fundraising Expenses $0

Other Expenses $270,320

TOTAL EXPENSES $724,062

Year-over-Year Comparison

	2024	2023	Change
Revenue	$709,001	$713,450	0.0%
Expenses	$724,062	$659,929	+0.1%
Net Income	$-15,061	$53,521	-1.3%

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

$91,836

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM KNOX II	PRESIDENT	053.50	Officer	$1,728	$20,761	$22,489
ALVIN JOEY BORDELON	EXECUTIVE BOARD	053.50	Officer	$57	$17,031	$17,088
JEFF HEWITT	RECORDING SEC	049.50	Officer	$792	$10,614	$11,406
KENNETH PATE	VICE PRESIDENT	053.50	Officer	$2,575	$7,085	$9,660
SHERRY GUYTON ODNEAL	FINANCIAL SEC	016.00	Officer	$446	$7,724	$8,170
ANDREA MERRIWEATHER	EXECUTIVE BOARD-GUIDE	004.00	Officer	$49	$5,622	$5,671
BRIAN JAMES	TRUSTEE	003.00	Officer	$16	$4,546	$4,562
MELVIN ROX	TRUSTEE	003.00	Officer	$0	$3,207	$3,207
JIMMY JASON TURMAN	TREASURER	016.00	Officer	$175	$1,932	$2,107
WILLIAM SETH KENDRICK	EXECUTIVE BOARD-GUARD	004.00	Officer	$0	$1,898	$1,898
LISA GARNER	EXECUTIVE BOARD	004.00	Officer	$0	$1,399	$1,399
LATREASE JERNIGAN	TRUSTEE	003.00	Officer	$0	$1,393	$1,393
DEVON MANLEY	EXECUTIVE BOARD	004.00	Officer	$0	$1,393	$1,393
WILLIAM MATT JONES	EXECUTIVE BOARD-GUARD	004.00	Officer	$0	$1,393	$1,393

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	No data	No data	No data	No data
2024	$709,001	$724,062	$1,290,808	$-15,061
2023	$713,450	$659,929	$1,307,413	$53,521
2022	$798,598	$733,201	$1,230,378	$65,397
2021	$756,036	$755,082	$1,206,260	$954
2021	$756,036	$755,082	$1,206,260	$954
2020	$658,268	$566,027	$1,181,944	$92,241