LOCAL 197 INT'L ASSOC OF BRIDGE STRUCTURAL & ORNAMENTAL IRONWORKERS (EIN 135591951) - 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

Legal Domicile

Principal Officer

WILLIAM HAYES

Phone

7183616534

Tax Period

2023-07-01 to 2024-06-30

LOCAL 197 INT'L ASSOC OF BRIDGE STRUCTURAL & ORNAMENTAL IRONWORKERS is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023. Expenses of $1.1M left a modest 4% surplus.

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 $1,172,129

Investment Income $23,969

Other Revenue $0

TOTAL REVENUE $1,196,098

Expense Breakdown

Grants Paid $0

Salaries & Benefits $550,856

Fundraising Expenses $0

Other Expenses $592,536

TOTAL EXPENSES $1,145,592

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,196,098	$1,217,913	0.0%
Expenses	$1,145,592	$1,134,537	+0.0%
Net Income	$50,506	$83,376	-0.4%

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

$451,082

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM HAYES	BUS MGR/FIN SEC/TREAS	45.00	Officer	$219,440	$156,707	$376,147
CAROLE RAFTREY	PRESIDENT	1.00	Officer	$12,741	$2,342	$15,083
EDWARD MCNAMARA	VICE PRESIDENT	1.00	Officer	$2,635	$0	$2,635
THOMAS WILSON	RECORDING SECRETARY	1.00	Officer	$1,125	$0	$1,125
RODERICK AHLERS III	EXECUTIVE BOARD	1.00	Officer	$12,478	$0	$12,478
JAMES C BURNS	EXECUTIVE BOARD	1.00	Officer	$4,419	$0	$4,419
DANIEL BYRNES JR	EXECUTIVE BOARD	1.00	Officer	$4,899	$0	$4,899
JOSEPH FARRELL	EXECUTIVE BOARD	1.00	Officer	$26,604	$1,408	$28,012
SCOTT ZALESKI	EXECUTIVE BOARD	1.00	Officer	$5,079	$0	$5,079
ANTHONY COURELL	CONDUCTOR	1.00	Officer	$1,205	$0	$1,205
ERIC GRAUER	TRUSTEE	1.00	Director	$0	$0	$0
ALEXANDER MARSILLO	TRUSTEE - THRU 5/24	1.00	Director	$0	$0	$0
CHRISTOPHER GORMAN JR	TRUSTEE - EFF 5/24	1.00	Director	$0	$0	$0
THOMAS MORRO	TRUSTEE - EFF 5/24	1.00	Director	$0	$0	$0
ERICK GARAY	EXECUTIVE 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	$1,196,098	$1,145,592	$1,231,797	$50,506
2023	$1,217,913	$1,134,537	$1,169,575	$83,376
2022	$1,065,132	$1,081,165	$1,093,282	$-16,033
2021	$945,318	$1,000,475	$1,202,249	$-55,157
2020	$1,325,235	$1,090,656	$1,160,626	$234,579
2019	$1,231,235	$897,426	$943,507	$333,809
2018	$1,027,819	$985,769	$612,830	$42,050

LOCAL 197 INT'L ASSOC OF BRIDGE STRUCTURAL & ORNAMENTAL IRONWORKERS