IRON WORKERS LOCAL UNION NO 37 (EIN 050161480) - 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

1902

Legal Domicile

Principal Officer

DAVID LANGLAIS

Phone

4014381111

Tax Period

2024-07-01 to 2025-06-30

IRON WORKERS LOCAL UNION NO 37, founded in 1902, is a community nonprofit in the Employment sector that reported $2.7M in total revenue in fiscal year 2024. The organization ran a surplus of $632K, a strong 23% operating margin.

Mission

SUPPORT UNIONIZED LABOR 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,507,437

Investment Income $159,962

Other Revenue $25,765

TOTAL REVENUE $2,693,164

Expense Breakdown

Grants Paid $0

Salaries & Benefits $697,469

Fundraising Expenses $0

Other Expenses $871,655

TOTAL EXPENSES $2,061,274

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,693,164	$2,572,652	+0.0%
Expenses	$2,061,274	$1,600,936	+0.3%
Net Income	$631,890	$971,716	-0.3%

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

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

$507,381

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CLIFFORD JOHNSON	TRUSTEE	0.10	Director	$0	$0	$0
NICOLE GRENON	TRUSTEE	0.10	Director	$0	$0	$0
AARON LAROSE	TRUSTEE	0.10	Director	$0	$0	$0
DAVID M LANGLAIS	BUSINESS MANAGER/FST	40.00	Officer	$154,484	$105,642	$260,126
MATTHEW JACKSON	PRESIDENT	0.10	Officer	$0	$0	$0
JASON WILKINS	VICE PRESIDENT	0.10	Officer	$0	$0	$0
ARMAND LAROSE JR	BUSINESS AGENT	40.00	Officer	$143,758	$103,497	$247,255
ALEX BRAGANTIN	RECORDING SECRETARY	0.10	Officer	$0	$0	$0
JAMES PERRY	SERGEANT-AT-ARMS	0.10	Officer	$0	$0	$0
THOMAS GRANT	EXECUTIVE BOARD	0.10	Officer	$0	$0	$0
MICHAEL KNIPS	EXECUTIVE BOARD	0.10	Officer	$0	$0	$0
WARNSEY WIGGINS	EXECUTIVE BOARD	0.10	Officer	$0	$0	$0
NATHAN WILLIAMS	EXECUTIVE BOARD	0.10	Officer	$0	$0	$0
JORDAN CARVALHO	EXECUTIVE BOARD	0.10	Officer	$0	$0	$0
KATHLEEN GORMAN	EXAMINING BOARD	0.10	Officer	$0	$0	$0
JOHN GOFF	EXAMINING BOARD	0.10	Officer	$0	$0	$0
CAMERON MERRILL	EXAMINING BOARD	0.10	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	$2,693,164	$2,061,274	$4,798,267	$631,890
2024	No data	No data	No data	No data
2023	$2,157,464	$1,723,646	$3,400,261	$433,818
2022	$1,815,600	$1,691,523	$3,014,675	$124,077
2021	$1,820,640	$1,584,488	$2,907,974	$236,152
2020	$1,784,806	$1,236,260	$2,731,850	$548,546
2019	$1,452,739	$1,095,789	$2,239,582	$356,950

IRON WORKERS LOCAL UNION NO 37