United Steelworkers Local 1440 (EIN 940483445) - 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

1940

Legal Domicile

Principal Officer

Steve Berendsen

Phone

9254327396

Tax Period

2023-01-01 to 2023-12-31

United Steelworkers Local 1440, founded in 1940, is a small nonprofit that reported $202K in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $193K left a modest 4% surplus.

Mission

Local Union enorced 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $191,937

Investment Income $128

Other Revenue $9,662

TOTAL REVENUE $201,727

Expense Breakdown

Grants Paid $2,750

Salaries & Benefits $114,985

Fundraising Expenses $0

Other Expenses $75,291

TOTAL EXPENSES $193,026

Year-over-Year Comparison

	2023	2022	Change
Revenue	$201,727	$254,881	-0.2%
Expenses	$193,026	$189,090	+0.0%
Net Income	$8,701	$65,791	-0.9%

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

$25,907

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ben Salazar	President	004.00	Officer	$15,733	$0	$15,733
George Guinea	Treasurer	004.00	Officer	$4,528	$0	$4,528
Martin Fox	Vice President	004.00	Officer	$3,483	$0	$3,483
John Passur	Trustee	002.00	Officer	$1,659	$0	$1,659
Daniel Hicks	Trustee	002.00	Officer	$504	$0	$504
Steve Berendsen	Financial Secretary	040.00	Officer	$0	$0	$0
Patrick Jensen	Trustee	002.00	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
2023	$201,727	$193,026	$397,768	$8,701
2022	$254,881	$189,090	$365,527	$65,791
2021	$210,545	$168,898	$299,736	$41,647

United Steelworkers Local 1440