INT'L ASSOC BRIDGE STRUCTURAL & ORNAMEN IRON WORKERS LOCAL UNION 40 (EIN 135512638) - 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

1904

Legal Domicile

Principal Officer

DANIEL D DOYLE

Phone

2128991320

Tax Period

2023-07-01 to 2024-06-30

INT'L ASSOC BRIDGE STRUCTURAL & ORNAMEN IRON WORKERS LOCAL UNION 40, founded in 1904, is a community nonprofit that reported $6.1M in total revenue in fiscal year 2023. Net assets of $61.2M represent 119 months of operating reserves.

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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $4,775,634

Investment Income $1,233,301

Other Revenue $140,488

TOTAL REVENUE $6,149,423

Expense Breakdown

Grants Paid $987,622

Salaries & Benefits $2,587,048

Fundraising Expenses $0

Other Expenses $2,404,923

TOTAL EXPENSES $6,017,443

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,149,423	$6,254,871	0.0%
Expenses	$6,017,443	$5,586,218	+0.1%
Net Income	$131,980	$668,653	-0.8%

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

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

$1,867,190

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT W WALSH	FIN SEC-TREA/BUS MGR - THRU 09/23	40.00	Officer	$316,534	$63,288	$379,822
DANIEL D DOYLE	FIN SEC-TREA/BUS MGR - EFF 10/23	40.00	Officer	$314,984	$256,460	$571,444
DANIEL D DOYLE	PRESIDENT - THRU 09/23	40.00	Officer	$0	$0	$0
CHRISTOPHER J WALSH	PRESIDENT - EFF 10/23	40.00	Officer	$301,158	$251,464	$552,622
CHRISTOPHER J WALSH	REC SEC/BUS REP - THRU 09/23	40.00	Officer	$0	$0	$0
ROBERT JOHNSON JR	RECORDING SEC - EFF 10/23	1.00	Officer	$107,339	$208,263	$315,602
ROBERT JOHNSON JR	EXECUTIVE BOARD - THRU 09/23	1.00	Officer	$0	$0	$0
SEAN DONAHUE	VICE PRESIDENT - EFF 02/24	1.00	Officer	$0	$0	$0
WARREN ALLEN	VICE PRESIDENT - THRU 01/24	1.00	Officer	$3,600	$0	$3,600
BRYAN BRADY	EXECUTIVE BOARD	1.00	Officer	$3,600	$0	$3,600
GEORGE DROSSEL	EXECUTIVE BOARD	1.00	Officer	$3,600	$0	$3,600
BRADLEY KRAUSS	EXECUTIVE BOARD	1.00	Officer	$3,600	$0	$3,600
KEVIN SCALLY	EXECUTIVE BOARD	1.00	Officer	$3,600	$0	$3,600
NEVILLE SADLER	EXECUTIVE BOARD - EFF 10/23	1.00	Officer	$3,600	$0	$3,600
NEVILLE SADLER	EXAMINING BOARD - THRU 09/23	1.00	Officer	$0	$0	$0
MARK DONNELLY	TRUSTEE - THRU 01/24	1.00	Officer	$3,600	$0	$3,600
AMR ELGHAZIRI	TRUSTEE - EFF 02/24	1.00	Officer	$0	$0	$0
STEVEN KENNEDY	TRUSTEE	1.00	Officer	$3,600	$0	$3,600
KEVIN SABBAGH	TRUSTEE	1.00	Officer	$3,600	$0	$3,600
MICHAEL EMERSON	EXAMINING BOARD - THRU 01/24	1.00	Officer	$3,600	$0	$3,600
LEONARD NESS	EXAMINING BOARD	1.00	Officer	$3,600	$0	$3,600
WESLEY WALSH	EXAMINING BOARD - EFF 02/24	1.00	Officer	$3,600	$0	$3,600
MARTIN KANIEHTAKERON	EXAMINING BOARD - EFF 10/23	1.00	Officer	$900	$0	$900
WESLEY WALSH	CONDUCTOR - THRU 01/24	1.00	Officer	$0	$0	$0
JUSTINE IDA	CONDUCTOR - EFF 02/24	1.00	Officer	$0	$0	$0
CORBETT MELFI	SGT-AT-ARMS	1.00	Officer	$3,600	$0	$3,600
AGNES P DALY	OFFICE MANAGER	40.00	Highest	$149,731	$163,449	$313,180
ELIZABETH J CORRIGAN	ADMIN ASSISTANT	40.00	Highest	$109,431	$153,686	$263,117

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	$6,149,423	$6,017,443	$61,310,057	$131,980
2023	$6,254,871	$5,586,218	$54,903,256	$668,653
2022	$7,703,247	$5,563,944	$54,234,603	$2,139,303
2021	$9,327,177	$5,433,860	$52,095,300	$3,893,317
2020	$6,785,858	$5,166,036	$48,201,983	$1,619,822
2019	$7,099,971	$5,276,751	$46,676,893	$1,823,220

INT'L ASSOC BRIDGE STRUCTURAL & ORNAMEN IRON WORKERS LOCAL UNION 40