INTERNATIONAL ASSOC OF BRIDGE STRUCTURAL & ORNAMENTAL IRON WORKERS LOCAL 361

EIN: 110907905

OZONE PARK, NY

Total Revenue
$5,614,818
Total Expenses
$3,746,692
Total Assets
$13,993,446
Net Assets
$13,990,798
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1920
Legal Domicile
NY
Principal Officer
MATTHEW J CHARTRAND
Phone
7183321016
Tax Period
2023-07-01 to 2024-06-30

INTERNATIONAL ASSOC OF BRIDGE STRUCTURAL & ORNAMENTAL IRON WORKERS LOCAL 361, founded in 1920, is a community nonprofit that reported $5.6M in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.9M, a strong 33% operating margin.

Mission

THE OBJECTIVES OF THE UNION, AS THE REPRESENTATIVE OF ITS MEMBERS, ARE TO IMPROVE WORKING CONDITIONS AND LIVING STANDARDS OF MEMBERS THROUGH COLLECTIVE BARGAINING, EDUCATION, TRAINING AND EMPLOYEE BENEFITS AND TO ESTABLISH NECESSARY PROCEDURES FOR THE AMICABLE ADJUSTMENT OF ALL DISPUTES WHICH MAY ARISE BETWEEN EMPLOYERS AND EMPLOYEES.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $5,047,534
Investment Income $375,436
Other Revenue $191,848
TOTAL REVENUE $5,614,818

Expense Breakdown

Grants Paid $162,500
Salaries & Benefits $1,622,694
Fundraising Expenses $0
Other Expenses $1,945,248
TOTAL EXPENSES $3,746,692

Year-over-Year Comparison

2023 2022 Change
Revenue $5,614,818 $4,344,803 +0.3%
Expenses $3,746,692 $3,717,214 +0.0%
Net Income $1,868,126 $627,589 +2.0%
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

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Governance

Voting Members
17
Independent Members
N/A
Employees
38
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
17
$1,145,168
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MATTHEW J CHARTRAND BUS MGR/SEC TRE 50.00
Officer
$251,370 $219,545 $470,915
ANTHONY DEBLASIE PRES/BUS AGT 30.00
Officer
$246,672 $219,697 $466,369
JOHN CUSH VP/BUS AGT 50.00
Officer
$138,372 $54,262 $192,634
JOHN DELANEY JR RECORDING SEC 1.00
Officer
$3,300 $0 $3,300
RANDAL J OCCHIPINTI SGT-AT-ARMS 1.00
Officer
$0 $0 $0
DAVID BRODERICK EXECUTIVE BOARD 1.00
Officer
$2,000 $0 $2,000
FRANCIS DEBLASIE EXECUTIVE BOARD 1.00
Officer
$2,000 $0 $2,000
PEDER FOSS TRUSTEE 1.00
Officer
$1,300 $0 $1,300
JOHN ANARUMO EXAMINING BOARD 1.00
Officer
$0 $0 $0
RICHARD PEDDLE EXECUTIVE BOARD 1.00
Officer
$2,000 $0 $2,000
PHILLIP PREVETE EXAMINING BOARD 1.00
Officer
$0 $0 $0
JOHN PASSANISI EXECUTIVE BOARD 1.00
Officer
$1,100 $0 $1,100
NICHOLAS APPICE EXECUTIVE BOARD 1.00
Officer
$2,350 $0 $2,350
MATTHEW GELORMINO CONDUCTOR 1.00
Officer
$0 $0 $0
GARRETT CHASE TRUSTEE 1.00
Officer
$600 $0 $600
JULIO BAREA TRUSTEE - 1.00
Officer
$600 $0 $600
ANTHONY DEBLASIE JR EXAMINING BOARD 1.00
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 No data No data No data No data
2024 $5,614,818 $3,746,692 $13,993,446 $1,868,126
2023 $4,344,803 $3,717,214 $11,932,942 $627,589
2022 $3,295,077 $3,894,089 $10,729,546 $-599,012
2021 $3,485,986 $3,094,662 $12,471,834 $391,324
2020 $2,994,303 $3,029,009 $11,367,510 $-34,706
2019 $3,924,541 $3,394,082 $11,360,556 $530,459
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