United Steelworkers Local 12-00937

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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

Gregory D Schuett

Phone

5204714366

Tax Period

2022-01-01 to 2022-12-31

United Steelworkers Local 12-00937, founded in 2005, is a small nonprofit that reported $268K in total revenue in fiscal year 2022. Revenue fell 60% from the prior year — a significant decline worth monitoring. Expenses of $255K left a modest 5% surplus.

Mission

The mission statement of the Organization includes, but is not limited to on behalf of its Members Collective Barganing, Grievance procedures, Arbitration, Strike Benefits, Education, and to improve the 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 condition. The members dues and 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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $605

Investment Income $271

Other Revenue $266,691

TOTAL REVENUE $267,567

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $255,218

TOTAL EXPENSES $255,218

Year-over-Year Comparison

	2022	2021	Change
Revenue	$267,567	$675,597	-0.6%
Expenses	$255,218	$618,414	-0.6%
Net Income	$12,349	$57,183	-0.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Eduardo Placencio	President	005.00	Officer	$0	$0	$0
Gregory D Schuett	Financial Secretary	005.00	Officer	$0	$0	$0
Robert Steinback	Treasurer	005.00	Officer	$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
2022	$267,567	$255,218	$235,157	$12,349
2021	$675,597	$618,414	$223,108	$57,183
2020	$1,100,164	$1,070,911	$165,925	$29,253