United Steelworkers Local 608 (EIN 820232934) - 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

1950

Legal Domicile

Principal Officer

Greg McFarland

Phone

2085534677

Tax Period

2025-01-01 to 2025-12-31

United Steelworkers Local 608, founded in 1950, is a small nonprofit that reported $144K in total revenue in fiscal year 2025. Revenue fell 39% from the prior year — a significant decline worth monitoring. Expenses of $166K exceeded revenue, resulting in a 16% operating deficit.

Mission

Local Union enorced the Collective Barganing Agreetment to better the 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 $125,958

Investment Income $16,494

Other Revenue $1,500

TOTAL REVENUE $143,952

Expense Breakdown

Grants Paid $24,537

Salaries & Benefits $72,682

Fundraising Expenses $0

Other Expenses $69,251

TOTAL EXPENSES $166,470

Year-over-Year Comparison

	2025	2024	Change
Revenue	$143,952	$236,334	-0.4%
Expenses	$166,470	$180,148	-0.1%
Net Income	$-22,518	$56,186	-1.4%

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

$61,790

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John Dugger	President	020.00	Officer	$12,670	$0	$12,670
Greg McFarland	Treasurer	020.00	Officer	$11,802	$0	$11,802
Jeff Welle	Trustee	005.00	Officer	$9,722	$0	$9,722
Ryan Gillie	Financial Secretary	010.00	Officer	$5,906	$0	$5,906
Jeremy Breazeal	Recording Secretary	010.00	Officer	$5,483	$0	$5,483
Alejandro Minor	Standing Committee	002.00	Officer	$4,062	$0	$4,062
Jason Volkman	Standing Committee	002.00	Officer	$3,791	$0	$3,791
Johnathan Ward	E-Board at large	002.00	Officer	$3,330	$0	$3,330
Brett Sotin	Trustee	002.00	Officer	$3,319	$0	$3,319
Michael Ellis	Trustee	002.00	Officer	$1,105	$0	$1,105
Westley Presnell	Vice President	020.00	Officer	$600	$0	$600

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	$143,952	$166,470	$707,905	$-22,518
2024	$236,334	$180,148	$730,423	$56,186
2023	$205,462	$210,189	$674,237	$-4,727
2022	$214,660	$198,761	$678,964	$15,899
2021	$173,973	$150,081	$663,065	$23,892
2020	$184,728	$151,407	$639,174	$33,321

United Steelworkers Local 608