IAMAW LOCAL LODGE 1871

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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

1940

Legal Domicile

Principal Officer

GEORGE BLANCHETTE

Phone

8604458619

Tax Period

2023-01-01 to 2023-12-31

IAMAW LOCAL LODGE 1871, founded in 1940, is a small nonprofit that reported $156K in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year. Expenses of $178K exceeded revenue, resulting in a 14% operating deficit.

Mission

THE ORGANIZATIONS SERVES AS THE LOCAL LODGE OF THE LABOR UNION. ITS PURPOSE IS TO REPRESENT THE UNION MEMBERS IN DEALINGS WITH THE EMPLOYER.

Program Service Accomplishments

Program 1

Expenses: $172,521 Revenue: $143,691

THE ORGANIZATION REPRESENTS THE MEMBERSHIP IN ALL APPLICABLE DEALINGS WITH MANAGEMENT.

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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 $143,691

Investment Income $78

Other Revenue $12,281

TOTAL REVENUE $156,050

Expense Breakdown

Grants Paid $0

Salaries & Benefits $83,455

Fundraising Expenses $0

Program Expenses $172,521

Other Expenses $94,630

TOTAL EXPENSES $178,085

Year-over-Year Comparison

	2023	2022	Change
Revenue	$156,050	$193,002	-0.2%
Expenses	$178,085	$185,617	0.0%
Net Income	$-22,035	$7,385	-4.0%

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

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

$62,969

Total Directors

$67,213

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MELIHNA J MARSHALL	RECORDING SE	4.00	Officer Director	$8,184	$461	$8,645
JAMES E SPENCER	PRESIDENT	5.00	Officer Director	$8,672	$2,938	$11,610
GEORGE BLANCHETTE	SECRETARY/TR	13.00	Officer Director	$30,990	$1,619	$32,609
JANET C ORR	TRUSTEE	1.00	Director	$1,452	$534	$1,986
NATHAN COOK	TRUSTEE	1.00	Director	$600	$0	$600
MARK SOUSA	VICE PRESIDE	5.00	Officer Director	$9,684	$421	$10,105
MICHAEL SHELL	CONDUCTOR/SE	1.00	Director	$523	$144	$667
EDWARD MCTIGUE	TRUSTEE	1.00	Director	$895	$96	$991

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
2024	No data	No data	No data	No data
2023	$156,050	$178,085	$72,041	$-22,035
2022	$193,002	$185,617	$94,076	$7,385
2021	$132,647	$156,197	$86,691	$-23,550
2020	$153,972	$132,569	$110,241	$21,403
2019	$185,501	$190,125	$88,838	$-4,624
2018	$168,590	$170,142	$93,462	$-1,552