IRONWORKERS UNION LOCAL #7

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1896

Legal Domicile

Principal Officer

MICHAEL DOUCETTE

Phone

6172684777

Tax Period

2023-07-01 to 2024-06-30

IRONWORKERS UNION LOCAL #7, founded in 1896, is a mid-sized nonprofit that reported $15.0M in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. The organization ran a surplus of $3.0M, a strong 20% operating margin.

Mission

TO PROVIDE LABOR UNION ACTIVITIES

Program Service Accomplishments

Program 1

LABOR UNION ACTIVITIES

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $13,850,485

Investment Income $1,113,051

Other Revenue $85,064

TOTAL REVENUE $15,048,600

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,895,231

Fundraising Expenses $0

Other Expenses $7,967,606

TOTAL EXPENSES $12,036,714

Year-over-Year Comparison

	2023	2022	Change
Revenue	$15,048,600	$17,288,099	-0.1%
Expenses	$12,036,714	$12,556,911	0.0%
Net Income	$3,011,886	$4,731,188	-0.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

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

$2,690,814

Total Directors

$5,109

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTHONY MAPP	TRUSTEE	1.00	Officer Director	$2,722	$0	$2,722
JOSHUA RILEY	TRUSTEE	1.00	Officer Director	$2,387	$0	$2,387
JAMES WOODFORD	TRUSTEE	1.00	Officer Director	$0	$0	$0
FIORE GRASSETTI	BUSINESS AGENT	40.00	Officer	$135,330	$107,981	$243,311
KEVIN COLLINS	BUSINESS AGENT	40.00	Officer	$173,971	$126,095	$300,066
MICHAEL DOUCETTE	FINANCIAL SECRETARY TREASU	40.00	Officer	$174,075	$126,121	$300,196
GRANT PROVOST	BUSINESS AGENT	40.00	Officer	$131,497	$89,537	$221,034
VINCENT COYLE JR	BUSINESS MANAGER	40.00	Officer	$192,083	$130,623	$322,706
BRYAN FANTASIA	EXECUTIVE BOARD COMMITTE	1.00	Officer	$1,028	$0	$1,028
WILLIAM WILKINSON III	EXAMINING COMMITTEE	1.00	Officer	$3,056	$0	$3,056
WALTER BELMONTE JR	BUSINESS AGENT	40.00	Officer	$173,820	$126,057	$299,877
DANIEL MCWILLIAMS	BUSINESS AGENT	40.00	Officer	$177,064	$126,868	$303,932
CHRISTOPHER BEATON	BUSINESS AGENT	40.00	Officer	$170,306	$125,179	$295,485
ROBERT DICKERSON JR	EXECUTIVE BOARD COMMITTE	1.00	Officer	$3,570	$0	$3,570
FRANK MURRAY	PRESIDENT	2.00	Officer	$53,317	$0	$53,317
THOMAS PECORARO	BUSINESS AGENT	40.00	Officer	$173,817	$100,117	$273,934
TERRANCE SURIYAMONGKOL	EXAMINING BOARD MEMBER	1.00	Officer	$3,056	$0	$3,056
RICHARD ABBOTT	EXAMINING BOARD MEMBER	1.00	Officer	$115	$0	$115
SCOTT CHIPMAN	EXECUTIVE BOARD COMMITTE	1.00	Officer	$115	$0	$115
DANIEL COYNE	VICE PRESIDENT	1.00	Officer	$5,974	$0	$5,974
DAVID DONOVAN	EXECUTIVE BOARD COMMITTE	1.00	Officer	$115	$0	$115
MICHAEL DOWNING	RECORDING SECRETARY	1.00	Officer	$404	$0	$404
DERRICK ECHOLS	SERGEANT AT ARMS	1.00	Officer	$231	$0	$231
MATTHEW GLAVIN	BUSINESS AGENT	40.00	Officer	$12,599	$10,233	$22,832
DENNIS HARRINGTON	CONDUCTOR	1.00	Officer	$115	$0	$115
PAUL REPUCCI	BUSINESS AGENT	40.00	Officer	$16,728	$14,508	$31,236
THOMAS ALLEN	EXECUTIVE BOARD COMMITTE	1.00	Officer	$0	$0	$0
STEPHEN WILLIAMS	BUSINESS AGENT	40.00		$173,639	$126,012	$299,651
CARON REESE	BUSINESS AGENT	40.00		$109,669	$69,914	$179,583

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	No data	No data	No data	No data
2024	$15,048,600	$12,036,714	$30,250,997	$3,011,886
2023	$17,288,099	$12,556,911	$26,673,081	$4,731,188
2022	$15,665,064	$13,395,990	$22,159,108	$2,269,074
2021	$15,536,290	$12,638,632	$20,580,990	$2,897,658
2020	$12,235,439	$11,964,974	$16,753,708	$270,465
2019	$13,537,302	$12,511,501	$16,296,455	$1,025,801