INTERNATIONAL ASSOCIATION OF BRIDGE STRUCTURAL IRON WORKERS 6 (EIN 160492620) - 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

1901

Legal Domicile

Principal Officer

JAMES J WILLIS III

Phone

7168281200

Tax Period

2024-07-01 to 2025-06-30

INTERNATIONAL ASSOCIATION OF BRIDGE STRUCTURAL IRON WORKERS 6, founded in 1901, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2024. Revenue surged 45% from the prior year, signaling strong growth momentum. The organization ran a surplus of $665K, a strong 45% operating margin.

Mission

LABOR UNION - TO PROVIDE COLLECTIVE BARGAINING FOR MEMBERS. TO PROMOTE THE MATERIAL AND INTELLECTUAL WELFARE OF MEMBERS OF LOCAL 6 AND THEIR FAMILIES; SECURE ADEQUATE WAGES, WORKING CONDITIONS, AND OPPORTUNITIES OF EMPLOYMENT; AND TO ENCOURAGE ITS MEMBERS TO REGISTER TO VOTE IN THE INTEREST OF SAFEGUARDING AND PROMOTING THE PRINCIPLES OF FREE 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 (2024)

Revenue Breakdown

Contributions & Grants $1,500

Program Service Revenue $1,438,113

Investment Income $8,880

Other Revenue $30,507

TOTAL REVENUE $1,479,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $562,193

Fundraising Expenses $0

Other Expenses $251,534

TOTAL EXPENSES $813,727

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,479,000	$1,022,193	+0.4%
Expenses	$813,727	$870,803	-0.1%
Net Income	$665,273	$151,390	+3.4%

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

$464,021

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN HART	FINANCIAL SE	40.00	Officer	$85,426	$90,063	$175,489
JAMES J WILLIS III	BUSINESS MAN	40.00	Officer	$85,426	$90,063	$175,489
SHAUN HALLIGAN	RECORDING SE	8.00	Officer	$16,232	$17,405	$33,637
GUY BUGMAN	PRESIDENT	8.00	Officer	$14,696	$17,404	$32,100
TIMOTHY CONLON	TRUSTEE	1.00	Officer	$0	$910	$26,910
JORDAN HALLIGAN	EXECUTIVE BO	1.00	Officer	$0	$910	$7,301
DERWIN SACCO	EXECUTIVE BO	1.00	Officer	$0	$910	$6,305
BRIAN COAD	EXECUTIVE BO	1.00	Officer	$0	$910	$1,505
ANDRE MCGHEE	TRUSTEE	1.00	Officer	$0	$455	$1,050
OWEN BUGMAN	EXECUTIVE BO	1.00	Officer	$0	$910	$910
EDWARD EWING	VICE PRESIDE	1.00	Officer	$0	$910	$910
SHARMIR PERKINS	TRUSTEE	1.00	Officer	$0	$0	$595
KYLE ARNONE	SERGEANT AT	1.00	Officer	$0	$455	$455
RICHARD BIZUB	TRUSTEE	1.00	Officer	$0	$455	$455
MICHAEL GARVEY	TRUSTEE	1.00	Officer	$0	$455	$455
LINDY SOKOLOWSKI	GUIDE	1.00	Officer	$0	$455	$455

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	$1,479,000	$813,727	$1,299,145	$665,273
2024	$1,022,193	$870,803	$631,904	$151,390
2023	$978,757	$734,260	$469,261	$244,497
2022	$592,376	$783,455	$228,025	$-191,079
2021	$612,266	$643,463	$384,733	$-31,197
2020	$433,495	$663,014	$399,282	$-229,519
2019	$685,971	$722,091	$620,528	$-36,120

INTERNATIONAL ASSOCIATION OF BRIDGE STRUCTURAL IRON WORKERS 6