STEELWORKERS LOCAL UNION 00697 (EIN 994675735) - 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

2024

Legal Domicile

Principal Officer

CAROLYN ALLEN

Phone

4783965731

Tax Period

2025-01-01 to 2025-12-31

STEELWORKERS LOCAL UNION 00697, founded in 2024, is a small nonprofit that reported $257K in total revenue in fiscal year 2025. Revenue surged 185% from the prior year, signaling strong growth momentum. The organization ran a surplus of $75K, a strong 29% operating margin.

Mission

Local Union enforced collective bargaining agreement to better 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 $257,404

Investment Income $0

Other Revenue $0

TOTAL REVENUE $257,404

Expense Breakdown

Grants Paid $0

Salaries & Benefits $111,521

Fundraising Expenses $0

Program Expenses $88,215

Other Expenses $70,838

TOTAL EXPENSES $182,359

Year-over-Year Comparison

	2025	2024	Change
Revenue	$257,404	$90,419	+1.8%
Expenses	$182,359	$15,125	+11.1%
Net Income	$75,045	$75,294	0.0%

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

$79,478

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICK WATKINS	PRESIDENT	005.00	Officer	$17,010	$0	$17,010
DESHUNDRA THOMAS	EXE VICE PRESIDENT	010.00	Officer	$13,827	$0	$13,827
CRAIG CORBIN	VICE PRESIDENT	005.00	Officer	$12,689	$0	$12,689
SAMUEL PORTER	FIN SECRETARY	010.00	Officer	$9,824	$0	$9,824
CAROLYN ALLEN	TREASURER	010.00	Officer	$9,488	$0	$9,488
JONAE LOCKETT	REC SECRETARY	005.00	Officer	$8,909	$0	$8,909
HENRY MIDDLEBROOK	GUARD	005.00	Officer	$4,610	$0	$4,610
DARVIN YATES	GUARD	005.00	Officer	$1,061	$0	$1,061
JAMES HOLDERFIELD	GUARD	005.00	Officer	$866	$0	$866
HIRAM HUGHES	GUARD	005.00	Officer	$739	$0	$739
SHAWN CLIETT	GUARD	005.00	Officer	$387	$0	$387
JAKALE WILLIAMS	TRUSTEE	005.00	Officer	$68	$0	$68
RILEY DUNCAN	GRIEVANCE CHAIRPERSON	005.00	Officer	$0	$0	$0
CIERA MCCLINTON	GRIEVANCE CHAIRPERSON	005.00	Officer	$0	$0	$0
JOSEPH WRIGHT	GRIEVANCE CHAIRPERSON	005.00	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	$257,404	$182,359	$164,089	$75,045

STEELWORKERS LOCAL UNION 00697