United Steelworkers Local 326 (EIN 940730688) - 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

1952

Legal Domicile

Principal Officer

Terence Clohessy

Phone

5107994411

Tax Period

2025-01-01 to 2025-12-31

United Steelworkers Local 326, founded in 1952, is a small nonprofit that reported $183K in total revenue in fiscal year 2025. Revenue fell 30% from the prior year — a significant decline worth monitoring. Net assets of $899K represent 59 months of operating reserves.

Mission

Local Union Enforced the Collective Bargaining Agreement 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 $182,839

Investment Income $2

Other Revenue $69

TOTAL REVENUE $182,910

Expense Breakdown

Grants Paid $30,426

Salaries & Benefits $52,587

Fundraising Expenses $0

Other Expenses $101,802

TOTAL EXPENSES $184,815

Year-over-Year Comparison

	2025	2024	Change
Revenue	$182,910	$262,387	-0.3%
Expenses	$184,815	$195,940	-0.1%
Net Income	$-1,905	$66,447	-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

$48,189

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Terence Clhessy	Financial/Treasurer	010.00	Officer	$14,506	$0	$14,506
Yousif Jawad	President	010.00	Officer	$11,298	$0	$11,298
Michael Miller	Vice President	005.00	Officer	$7,755	$0	$7,755
Juan Gomez	Guide	001.00	Officer	$4,785	$0	$4,785
Diego Sanchez	Guards	001.00	Officer	$4,785	$0	$4,785
Per Bjornstad	Trustee	001.00	Officer	$3,720	$0	$3,720
Antonio Silvera	Guards	001.00	Officer	$1,340	$0	$1,340
Chris Calasahan	Recording Secretary	002.00	Officer	$0	$0	$0
Josh Beggs	Trustee	001.00	Officer	$0	$0	$0
Zach Swagerty	Trustee	001.00	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
2025	$182,910	$184,815	$899,017	$-1,905
2024	$262,387	$195,940	$777,750	$66,447
2023	$232,147	$169,584	$711,034	$62,563
2022	$176,050	$146,927	$647,827	$29,123
2021	$222,243	$146,819	$679,154	$75,424
2020	$213,485	$108,316	$603,730	$105,169

United Steelworkers Local 326