INTERNATIONAL ASSOC OF BRIDGE STRUCTUR ORNAMENTAL & REINF IRONWORKERS #12 (EIN 140771904) - 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

1950

Legal Domicile

Principal Officer

ERIC BRUGEMAN

Phone

5184350470

Tax Period

2024-07-01 to 2025-06-30

INTERNATIONAL ASSOC OF BRIDGE STRUCTUR ORNAMENTAL & REINF IRONWORKERS #12, founded in 1950, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2024. Revenue surged 49% from the prior year, signaling strong growth momentum. Expenses of $1.3M left a modest 15% surplus.

Mission

REPRESENTATION OF MEMBERS

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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 $1,035,013

Investment Income $23,560

Other Revenue $453,017

TOTAL REVENUE $1,511,590

Expense Breakdown

Grants Paid $0

Salaries & Benefits $883,473

Fundraising Expenses $0

Other Expenses $405,440

TOTAL EXPENSES $1,290,328

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,511,590	$1,012,513	+0.5%
Expenses	$1,290,328	$912,126	+0.4%
Net Income	$221,262	$100,387	+1.2%

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

$516,945

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KELSEY ALLAN	TRUSTEE/EXAM COMM	1.00	Director	$0	$0	$0
KEVIN CASURAS	TRUSTEE	1.00	Director	$0	$0	$0
SCOTT WEILER	EXEC COMM/CONDUCTOR	1.00	Director	$0	$0	$0
DANIEL TURON	EXEC COMM	1.00	Director	$0	$0	$0
KRIS SCHAEFER	EXAM COMM	1.00	Director	$0	$0	$0
JEFFREY FIKES	EXEC COMM	1.00	Director	$0	$0	$0
KEVIN WISE	EXEC COMM	1.00	Director	$0	$0	$0
JOHN R BISSAILLON	BUSINESS MANAGER	40.00	Officer	$108,692	$83,466	$192,158
ERIC BRUGEMAN	PRESIDENT	40.00	Officer	$108,018	$83,439	$191,457
JASON CHAPMAN	RECORDING SECRETARY/EXAM C	5.00	Officer	$0	$1,661	$1,661
DANIEL J SMITH	VICE PRESIDENT	40.00	Officer	$74,255	$57,414	$131,669

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	$1,511,590	$1,290,328	$1,508,142	$221,262
2024	$1,012,513	$912,126	$1,290,107	$100,387
2023	$933,404	$993,492	$1,245,556	$-60,088
2022	$861,016	$854,055	$1,354,897	$6,961
2020	$963,743	$995,139	$1,280,734	$-31,396
2019	$935,137	$1,206,310	$1,376,752	$-271,173
2018	$853,917	$1,173,970	$1,688,202	$-320,053

INTERNATIONAL ASSOC OF BRIDGE STRUCTUR ORNAMENTAL & REINF IRONWORKERS #12