United Steelworkers Local 1654 (EIN 870218233) - 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

1988

Legal Domicile

Principal Officer

James Gabbitas

Phone

8013604947

Tax Period

2024-01-01 to 2024-12-31

United Steelworkers Local 1654, founded in 1988, is a community nonprofit that reported $3.2M in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year.

Mission

LOCAL UNION ENFORCED 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $12,026

Investment Income $14,205

Other Revenue $3,195,596

TOTAL REVENUE $3,221,827

Expense Breakdown

Grants Paid $2,495

Salaries & Benefits $34,836

Fundraising Expenses $0

Other Expenses $3,175,255

TOTAL EXPENSES $3,212,586

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,221,827	$3,805,473	-0.2%
Expenses	$3,212,586	$3,564,181	-0.1%
Net Income	$9,241	$241,292	-1.0%

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

$52,966

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
James Gabbitas	Finanical Secretary	005.00	Officer	$21,832	$0	$21,832
Elizabeth Mancilla	Treasurer	005.00	Officer	$21,832	$0	$21,832
Steve J Adams	President	005.00	Officer	$6,902	$0	$6,902
Justin Wood	Recording Secretary	002.00	Officer Highest	$2,400	$0	$2,400

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	$3,221,827	$3,212,586	$1,232,346	$9,241
2023	$3,805,473	$3,564,181	$1,223,105	$241,292
2022	$2,892,842	$2,933,156	$982,995	$-40,314
2021	$2,799,210	$2,418,260	$1,023,309	$380,950
2020	$2,804,064	$2,680,777	$642,359	$123,287

United Steelworkers Local 1654