United Steelworkers Local 338

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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

1944

Legal Domicile

Principal Officer

Martin Hodgson

Phone

5099242650

Tax Period

2025-01-01 to 2025-12-31

United Steelworkers Local 338, founded in 1944, is a small nonprofit that reported $427K in total revenue in fiscal year 2025. The organization ran a surplus of $86K, a strong 20% operating margin.

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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $420,840

Investment Income $2,286

Other Revenue $4,134

TOTAL REVENUE $427,260

Expense Breakdown

Grants Paid $6,950

Salaries & Benefits $208,001

Fundraising Expenses $0

Other Expenses $126,521

TOTAL EXPENSES $341,472

Year-over-Year Comparison

	2025	2024	Change
Revenue	$427,260	$418,414	+0.0%
Expenses	$341,472	$363,806	-0.1%
Net Income	$85,788	$54,608	+0.6%

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

$94,663

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Bryan Bishop	Recording Secretary	005.00	Officer	$20,527	$0	$20,527
Garth Hill	Trustee	003.00	Officer	$20,073	$0	$20,073
Joseph Schwindt	President	010.00	Officer	$10,364	$0	$10,364
Brad Sullivan	Trustee	003.00	Officer	$10,364	$0	$10,364
Martin C Hodgson	Griever Chair	003.00	Officer	$10,364	$0	$10,364
David Hill	Vice President	002.00	Officer	$5,310	$0	$5,310
Seth Clark	Guide	003.00	Officer	$4,764	$0	$4,764
Cristobal Hernandez	Unit Chair	003.00	Officer	$3,802	$0	$3,802
Diane Derr-Kostelecky	Financial Secretary	005.00	Officer	$2,746	$0	$2,746
Ashley Boucher	Guard	003.00	Officer	$2,481	$0	$2,481
Michael Mertens	Guard	003.00	Officer	$1,480	$0	$1,480
Michael Stucker	Trustee	003.00	Officer	$1,350	$0	$1,350
Kevin Crews	Unit Chair	003.00	Officer	$657	$0	$657
John O'Brien	Treasurer	005.00	Officer	$381	$0	$381

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	$427,260	$341,472	$570,665	$85,788
2024	$418,414	$363,806	$484,878	$54,608
2023	$378,869	$338,059	$430,270	$40,810
2022	$329,646	$303,390	$389,460	$26,256
2021	$243,157	$270,997	$363,204	$-27,840
2020	$296,549	$237,164	$391,044	$59,385