United Steelworkers Local 177M

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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

2018

Legal Domicile

Principal Officer

Armando Verduzco

Phone

2099140491

Tax Period

2023-01-01 to 2023-12-31

United Steelworkers Local 177M, founded in 2018, is a small nonprofit that reported $311K in total revenue in fiscal year 2023. The organization ran a surplus of $242K, a strong 78% operating margin.

Mission

The mission statement of the Local Union includes, but is not limited to on behalf of its members collective bargaining, grievance procedures, arbitrations, strike benefits, education, and to improve the working conditions for its members.

Program Service Accomplishments

Program 1

Local Union continues in a ongoing effort to defend and enforce the negotiated collective bargaining organization for our members wages, benefits working conditions. Members dues, related income, and expenses are used to carry out these activities. Local Union is continually striving to maintain, or accomplish improvemnents for 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 $310,758

Investment Income $51

Other Revenue $0

TOTAL REVENUE $310,809

Expense Breakdown

Grants Paid $3,765

Salaries & Benefits $28,942

Fundraising Expenses $0

Other Expenses $36,446

TOTAL EXPENSES $69,153

Year-over-Year Comparison

	2023	2022	Change
Revenue	$310,809	N/A	N/A
Expenses	$69,153	N/A	N/A
Net Income	$241,656	N/A	N/A

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

$19,601

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Armando Verduzco	Financial Secretary	005.00	Officer	$10,946	$0	$10,946
Robert Plunk	President	005.00	Officer	$4,799	$0	$4,799
Kim Adam	Recording Secretary	002.00	Officer	$3,606	$0	$3,606
James Dunkel	Vice President	002.00	Officer	$250	$0	$250

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	$310,809	$69,153	$300,932	$241,656