IRON WORKERS TRAINING & EDUCATION LOCAL 417 (EIN 141500495) - 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

1928

Legal Domicile

Principal Officer

MATTHEW STODDARD

Phone

8455668417

Tax Period

2023-07-01 to 2024-06-30

IRON WORKERS TRAINING & EDUCATION LOCAL 417, founded in 1928, is a small nonprofit in the Education sector that reported $577K in total revenue in fiscal year 2023. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $752K exceeded revenue, resulting in a 30% operating deficit.

Mission

TO PROVIDE EDUCATION IN THE IRONWORKING INDUSTRY AND FACILITIES FOR THE EDUCATION.

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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 $7,241

Program Service Revenue $441,654

Investment Income $128,595

Other Revenue $0

TOTAL REVENUE $577,490

Expense Breakdown

Grants Paid $0

Salaries & Benefits $471,599

Fundraising Expenses $0

Program Expenses $596,996

Other Expenses $280,603

TOTAL EXPENSES $752,202

Year-over-Year Comparison

	2023	2022	Change
Revenue	$577,490	$781,022	-0.3%
Expenses	$752,202	$739,621	+0.0%
Net Income	$-174,712	$41,401	-5.2%

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

$296,635

Total Directors

$302,951

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATTHEW STODDARD	CHAIRMAN	N/A	Officer Director	$0	$59,185	$296,635
MICHAEL DUNN	TRUSTEE	50.00		$236,851	$59,379	$296,230
KEITH EISGRUBER	TRUSTEE	N/A	Director	$0	$0	$6,316
BERNIE HILLMAN	TRUSTEE	N/A	Director	$0	$0	$0
MIKE STEVENSON	TRUSTEE	N/A	Director	$0	$0	$0
DANIEL TEUTUL	TRUSTEE	N/A	Director	$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	$577,490	$752,202	$2,860,092	$-174,712
2023	$781,022	$739,621	$3,044,904	$41,401
2022	$505,326	$744,530	$3,018,617	$-239,204
2021	$1,098,470	$939,878	$3,252,717	$158,592
2020	$599,624	$685,375	$3,096,995	$-85,751
2019	$1,092,131	$663,591	$3,163,813	$428,540
2018	$1,058,576	$534,949	$2,755,917	$523,627

IRON WORKERS TRAINING & EDUCATION LOCAL 417