United Steelworkes Local 12-00392 (EIN 870197510) - 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

1939

Legal Domicile

Principal Officer

Nicholas Saltas

Phone

8012507002

Tax Period

2025-01-01 to 2025-12-31

United Steelworkes Local 12-00392, founded in 1939, is a small nonprofit that reported $338K in total revenue in fiscal year 2025. Expenses of $292K left a modest 13% surplus.

Mission

Local Union enforced the collective bargaining 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 $308,195

Investment Income $3,493

Other Revenue $26,355

TOTAL REVENUE $338,043

Expense Breakdown

Grants Paid $1,900

Salaries & Benefits $246,054

Fundraising Expenses $0

Other Expenses $44,472

TOTAL EXPENSES $292,426

Year-over-Year Comparison

	2025	2024	Change
Revenue	$338,043	$317,553	+0.1%
Expenses	$292,426	$339,020	-0.1%
Net Income	$45,617	$-21,467	-3.1%

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

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

$168,896

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Nicholas Saltas	Financial Secretary	009.00	Officer	$36,758	$0	$36,758
Michael Obray	Treasurer	009.00	Officer	$34,858	$0	$34,858
Christopher D Lowe	Recording Secretary	005.00	Officer	$28,073	$0	$28,073
Holland Fabela	President	006.00	Officer	$19,105	$0	$19,105
Jason Rivera	Vice President	005.00	Officer	$8,332	$0	$8,332
Cory Huntsman	Unit Chair	001.00	Officer	$6,905	$0	$6,905
Cole Cousineau	Unit Chair	001.00	Officer	$6,039	$0	$6,039
Jeramy Glover	Unit Chair	001.00	Officer	$6,039	$0	$6,039
Michael P Thatcher	Unit Chair	001.00	Officer	$5,946	$0	$5,946
Jeremy Moore	Unit Chair	001.00	Officer	$5,535	$0	$5,535
Steven Todd	Trustee	002.00	Officer	$4,976	$0	$4,976
Hayley Braithwite	Trustee	002.00	Officer	$4,166	$0	$4,166
Chris Burson	Trustee	002.00	Officer	$2,164	$0	$2,164

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	$338,043	$292,426	$529,018	$45,617
2024	$317,553	$339,020	$483,401	$-21,467
2023	$324,224	$262,609	$504,116	$61,615
2022	$330,924	$306,269	$442,501	$24,655
2021	$270,616	$297,774	$417,846	$-27,158
2020	$246,315	$348,038	$443,941	$-101,723

United Steelworkes Local 12-00392