United Steelworkers Local 1097

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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

1967

Legal Domicile

Principal Officer

Keith Sloderbeck

Phone

5034552663

Tax Period

2025-01-01 to 2025-12-31

United Steelworkers Local 1097, founded in 1967, is a small nonprofit that reported $341K in total revenue in fiscal year 2025. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $83K, a strong 24% operating margin.

Mission

THE MISSION STATEMENT OF THE ORGANIZATION INCLUDES, BUT IS NOT LIMITED TO ON BEHALF OF ITS MEMBERS COLLECTIVE BARGAINING, GRIEVANCE PROCEDURES, ARBITRATION, STRIKE BENEFITS, EDUCATION, ORGANIZE, 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 CONDITIONS. THE MEMBERS DUES, 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 $337,558

Investment Income $2,342

Other Revenue $1,505

TOTAL REVENUE $341,405

Expense Breakdown

Grants Paid $700

Salaries & Benefits $180,879

Fundraising Expenses $0

Other Expenses $77,238

TOTAL EXPENSES $258,817

Year-over-Year Comparison

	2025	2024	Change
Revenue	$341,405	$274,382	+0.2%
Expenses	$258,817	$305,322	-0.2%
Net Income	$82,588	$-30,940	-3.7%

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

$81,249

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEITH SLODERBECK	TREASURER	010.00	Officer	$14,375	$0	$14,375
GORLEY TERRA	TRUSTEE	002.00	Officer	$12,604	$0	$12,604
JULIE GEORGE	TRUSTEE	002.00	Officer	$11,524	$0	$11,524
KEITH WRIGHT	TRUSTEE	002.00	Officer	$9,565	$0	$9,565
MIKE SMITH	FINANCIAL SECRETARY	004.00	Officer	$8,732	$0	$8,732
JENNIFER BYRUM	RECORDING SECRETARY	004.00	Officer	$7,693	$0	$7,693
WILLIAM DOMBROWSKY	PRESIDENT	005.00	Officer	$5,728	$0	$5,728
WILLIAM T AUSTIN	STANDING COMMITTEE	002.00	Officer	$5,728	$0	$5,728
GABRIEL W SHEFSTAD	VICE PRESIDENT	004.00	Officer	$2,500	$0	$2,500
MARK NICHOLSON	STANDING COMMITTEE	002.00	Officer	$2,200	$0	$2,200
MICHAEL KEYSER	OUTSIDE GUARD	002.00	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	$341,405	$258,817	$1,083,389	$82,588
2024	$274,382	$305,322	$1,000,801	$-30,940
2023	$273,758	$267,653	$1,028,520	$6,105
2022	$233,881	$288,995	$1,022,415	$-55,114
2021	$204,207	$183,128	$1,077,529	$21,079
2020	$225,106	$150,214	$1,056,450	$74,892