IRONWORKERS LOCAL #7 BUILDING ASSOCIATION (EIN 042376727) - 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

1997

Legal Domicile

Principal Officer

MICHAEL DOUCETTE

Phone

6172684777

Tax Period

2023-07-01 to 2024-06-30

IRONWORKERS LOCAL #7 BUILDING ASSOCIATION, founded in 1997, is a micro nonprofit that reported $94K in total revenue in fiscal year 2023.

Mission

TO PROVIDE FACILITIES FOR UNION ACTIVITIES.

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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 $0

Investment Income $0

Other Revenue $-93,940

TOTAL REVENUE $-93,940

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2023	2022	Change
Revenue	$-93,940	$-93,940	N/A
Expenses	N/A	N/A	N/A
Net Income	N/A	$-93,940	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

Employees

N/A

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	$0	$0	$2,722
JOSHUA RILEY	TRUSTEE	1.00	Officer Director	$0	$0	$2,387
JAMES WOODFORD	TRUSTEE	0.00	Officer Director	$0	$0	$0
FIORE GRASSETTI	BUSINESS AGENT	1.00	Officer	$0	$107,981	$243,311
KEVIN COLLINS	BUSINESS AGENT	1.00	Officer	$0	$126,095	$300,066
MICHAEL DOUCETTE	FINANCIAL SECRETARY TREASU	1.00	Officer	$0	$126,121	$300,196
GRANT PROVOST	BUSINESS AGENT	1.00	Officer	$0	$89,537	$221,034
VINCENT COYLE JR	BUSINESS MANAGER	1.00	Officer	$0	$130,623	$322,706
BRYAN FANTASIA	EXECUTIVE BOARD COMMITTEE	1.00	Officer	$0	$0	$1,028
WILLIAM WILKINSON III	EXAMINING COMMITTEE	1.00	Officer	$0	$0	$3,056
WALTER BELMONTE JR	BUSINESS AGENT	1.00	Officer	$0	$126,057	$299,877
DANIEL MCWILLIAMS	BUSINESS AGENT	1.00	Officer	$0	$126,868	$303,932
CHRISTOPHER BEATON	BUSINESS AGENT	1.00	Officer	$0	$125,179	$295,485
ROBERT DICKERSON	EXECUTIVE BOARD COMMITTEE	1.00	Officer	$0	$0	$3,570
FRANK MURRAY	PRESIDENT	1.00	Officer	$0	$0	$53,317
THOMAS PECORARO	BUSINESS AGENT	1.00	Officer	$0	$100,117	$273,934
TERRANCE SURIYAMONGKOL	EXAMINING BOARD MEMBER	1.00	Officer	$0	$0	$3,056
PAUL REPUCCI	BUSINESS AGENT	1.00	Officer	$0	$14,508	$31,236
MATTHEW GLAVIN	BUSINESS AGENT	1.00	Officer	$0	$10,233	$22,832
DANIEL COYNE	VICE PRESIDENT	1.00	Officer	$0	$0	$5,974
MICHAEL DOWNING	RECORDING SECRETARY	1.00	Officer	$0	$0	$404
DERRICK ECHOLS	SERGEANT AT ARMS	1.00	Officer	$0	$0	$231
RICHARD ABBOTT	EXAMINING BOARD MEMBER	1.00	Officer	$0	$0	$115
SCOTT CHIPMAN	EXAMINING BOARD MEMBER	1.00	Officer	$0	$0	$115
DAVID DONOVAN	EXECUTIVE BOARD COMMITTEE	1.00	Officer	$0	$0	$115
DENNIS HARRINGTON	CONDUCTOR	1.00	Officer	$0	$0	$115
THOMAS ALLEN	EXECUTIVE BOARD COMMITTEE	0.00	Officer	$0	$0	$0
CARON REESE	BUSINESS AGENT	0.00		$0	$69,914	$179,583
STEPHEN WILIAMS	BUSINESS AGENT	0.00		$0	$126,012	$299,651

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	$-93,940	No data	$1,457,343	No data
2023	$-93,940	No data	$1,551,283	No data
2022	$-93,940	No data	$1,645,223	No data
2021	$-93,941	No data	$1,739,163	No data
2020	$-93,941	No data	$1,833,102	No data
2019	$-93,941	No data	$1,927,043	No data

IRONWORKERS LOCAL #7 BUILDING ASSOCIATION