INTERNATIONAL ASSOCIATION OF BRIDGE STRUCTURAL ORNAMENT IRON WORKERS (EIN 150310328) - 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

1944

Legal Domicile

Principal Officer

ROBERT COLE

Phone

3157354531

Tax Period

2023-07-01 to 2024-06-30

INTERNATIONAL ASSOCIATION OF BRIDGE STRUCTURAL ORNAMENT IRON WORKERS, founded in 1944, is a small nonprofit that reported $343K in total revenue in fiscal year 2023. Revenue fell 30% from the prior year — a significant decline worth monitoring.

Mission

TO ORGANIZE WORKERS IN NYS AND TO SECURE IMPROVED WAGES, LOANS, WORKING CONDIIONS AND OTHER ECONOMIC ADVANTAGES THROUGH ORGANIZATION, NEGOTIATION, AND COLLECTIVE BARGAINING.

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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 $337,953

Investment Income $3,541

Other Revenue $1,778

TOTAL REVENUE $343,272

Expense Breakdown

Grants Paid $0

Salaries & Benefits $175,544

Fundraising Expenses $0

Program Expenses $216,132

Other Expenses $189,091

TOTAL EXPENSES $364,635

Year-over-Year Comparison

	2023	2022	Change
Revenue	$343,272	$487,823	-0.3%
Expenses	$364,635	$357,213	+0.0%
Net Income	$-21,363	$130,610	-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

$88,370

Total Directors

$88,370

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT COLE	BUSINESS MANAGER/SECRETARY	40.00	Officer Director	$88,370	$0	$88,370
HARVEY THOMPSON JR	PRESIDENT	1.00	Officer Director	$0	$0	$0
MARK TERRANCE	BOARD MEMEBER	1.00	Officer Director	$0	$0	$0
JOHN COMBS	BOARD MEMEBER	1.00	Officer Director	$0	$0	$0
ISAAC TERRANCE	BOARD MEMEBER	1.00	Officer Director	$0	$0	$0
ROGER WEST	BOARD MEMEBER	1.00	Officer Director	$0	$0	$0
JONATHAN USHER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JOHN LEONARD	BOARD MEMEBER	1.00	Officer Director	$0	$0	$0
HAYDEN GRANGER	BOARD MEMBER/SAA	1.00	Officer Director	$0	$0	$0
NOAH COOK	TRUSTEE	1.00	Officer 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	$343,272	$364,635	$557,359	$-21,363
2023	$487,823	$357,213	$583,824	$130,610
2022	$411,826	$344,334	$457,305	$67,492
2021	$785,769	$413,543	$389,592	$372,226
2020	$318,996	$307,694	$75,600	$11,302
2019	$296,328	$330,811	$41,488	$-34,483
2018	$296,316	$321,200	$49,919	$-24,884

INTERNATIONAL ASSOCIATION OF BRIDGE STRUCTURAL ORNAMENT IRON WORKERS