INTERNATIONAL ASSOC OF BRIDGE STRUCT ORNAMENTAL AND REINFORCING IW 15 (EIN 060400743) - 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

BRET WELLS

Phone

8602497639

Tax Period

2024-07-01 to 2025-06-30

INTERNATIONAL ASSOC OF BRIDGE STRUCT ORNAMENTAL AND REINFORCING IW 15, founded in 1902, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2024. Expenses of $1.2M left a modest 5% surplus.

Mission

THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO PROMOTE AND PROTECT THE INTEREST OF MEMBERS WHILE HELPING TO ELEVATE MORAL, INTELLECTUAL AND SOCIAL CONDITIONS.

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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 $1,099,301

Investment Income $36,836

Other Revenue $136,312

TOTAL REVENUE $1,272,449

Expense Breakdown

Grants Paid $19,005

Salaries & Benefits $712,825

Fundraising Expenses $0

Other Expenses $453,919

TOTAL EXPENSES $1,202,899

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,272,449	$1,275,772	0.0%
Expenses	$1,202,899	$1,314,933	-0.1%
Net Income	$69,550	$-39,161	-2.8%

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

$569,250

Total Directors

$1,758

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER CONGDON	TRUSTEE/SGT AT ARMS	2.00	Director	$1,148	$0	$1,148
ROBERT STEFANIK	TRUSTEE (P)	2.00	Director	$610	$0	$610
AMANDA FLAHERTY	TRUSTEE	2.00	Director	$0	$0	$0
JONATHAN KASEY	TRUSTEE	2.00	Director	$0	$0	$0
BRET WELLS	FST/BUSINESS MANAGER	45.00	Officer	$174,258	$105,956	$280,214
CHRISTOPHER DAOUST	BUSINESS AGENT	45.00	Officer	$163,478	$104,097	$267,575
LAWRENCE MONTGOMERY	PRESIDENT	2.00	Officer	$12,585	$0	$12,585
ERIKA WELLS	REC. SECRETARY	2.00	Officer	$2,722	$0	$2,722
TYLER JOHNSON	EXECUTIVE COMMITTEE	2.00	Officer	$1,239	$0	$1,239
JASON BURDICK	EXECUTIVE COMMITTEE	2.00	Officer	$1,238	$0	$1,238
SEAN P O'BRIEN	EXECUTIVE COMMITTEE	2.00	Officer	$1,142	$0	$1,142
DAVID BARRETT	EXECUTIVE COMMITTEE	2.00	Officer	$1,057	$0	$1,057
RUBELISE ACOSTA	EXECUTIVE COMMITTEE	2.00	Officer	$800	$0	$800
RAYMOND HALEY	VICE PRESIDENT	2.00	Officer	$678	$0	$678
CYLE WILSON	EXECUTIVE COMMITTEE (P)	2.00	Officer	$0	$0	$0
MICHAEL BARRETT	EXAMINING BOARD	2.00	Officer	$0	$0	$0
TAMMY COLE	EXAMINING BOARD	2.00	Officer	$0	$0	$0
THOMAS GARVEY	EXAMINING BOARD	2.00	Officer	$0	$0	$0
MARK SCHAEFER	EXAMINING BOARD	2.00	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	$1,272,449	$1,202,899	$2,533,449	$69,550
2024	$1,275,772	$1,314,933	$1,962,833	$-39,161
2023	$889,441	$1,033,386	$1,806,470	$-143,945
2022	$1,016,971	$846,064	$1,957,346	$170,907
2021	$896,972	$853,957	$2,329,649	$43,015
2020	$1,027,722	$986,111	$2,021,724	$41,611
2019	$994,618	$1,064,845	$2,037,404	$-70,227
2018	$1,051,912	$1,014,175	$2,171,957	$37,737

INTERNATIONAL ASSOC OF BRIDGE STRUCT ORNAMENTAL AND REINFORCING IW 15