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

2005

Legal Domicile

Principal Officer

BONITA PORCH

Phone

7065667730

Tax Period

2023-01-01 to 2023-12-31

UNITED STEELWORKERS, founded in 2005, is a small nonprofit that reported $376K in total revenue in fiscal year 2023. Revenue fell 41% from the prior year — a significant decline worth monitoring. Expenses of $508K exceeded revenue, resulting in a 35% 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $38,648

Investment Income $0

Other Revenue $337,369

TOTAL REVENUE $376,017

Expense Breakdown

Grants Paid $390

Salaries & Benefits $19,757

Fundraising Expenses $0

Other Expenses $7,637

TOTAL EXPENSES $507,882

Year-over-Year Comparison

	2023	2022	Change
Revenue	$376,017	$640,572	-0.4%
Expenses	$507,882	$483,412	+0.1%
Net Income	$-131,865	$157,160	-1.8%

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

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

$19,757

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT HOLMES	PRESIDENT	010.00	Officer	$7,539	$0	$7,539
JAMEL THOMPSON	VICE PRESIDNT	001.00	Officer	$7,056	$0	$7,056
BONITA PORCH	TREASURER	005.00	Officer	$3,411	$0	$3,411
EDWIN BEASLEY	RECORDING SECRETARY	001.00	Officer	$1,751	$0	$1,751

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
2023	$376,017	$507,882	$223,694	$-131,865
2022	$640,572	$483,412	$355,559	$157,160