IRONLOC NO 6 CORPORATION (EIN 161501362) - 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

1973

Principal Officer

TIMOTHY CONLON

Phone

7164916091

Tax Period

2023-07-01 to 2024-06-30

IRONLOC NO 6 CORPORATION, founded in 1973, is a small nonprofit that reported $206K in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Net assets of $553K represent 32 months of operating reserves.

Mission

TO MAINTAIN BUILDING AND GROUNDS, COLLECT HALL AND OFFICE RENTALS AND PAY ALL BUILDING BILLS AND TAXES.

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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 $203,215

Investment Income $3,209

Other Revenue $0

TOTAL REVENUE $206,424

Expense Breakdown

Grants Paid $0

Salaries & Benefits $48,326

Fundraising Expenses $0

Other Expenses $156,642

TOTAL EXPENSES $204,968

Year-over-Year Comparison

	2023	2022	Change
Revenue	$206,424	$165,745	+0.2%
Expenses	$204,968	$186,693	+0.1%
Net Income	$1,456	$-20,948	-1.1%

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

N/A

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

$59,596

Total Directors

$70,142

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RON SOKOLOWSKI	RECORDING SE	1.00	Officer Director	$513	$16,444	$30,836
MARK HAYES	PRESIDENT (F	8.00	Officer Director	$20,000	$0	$20,000
TIMOTHY CONLON	PRESIDENT	8.00	Officer Director	$7,000	$0	$7,840
DERWIN SACCO	DIRECTOR	1.00	Director	$3,400	$0	$4,240
JORDAN HALLIGAN	DIRECTOR	4.00	Director	$1,566	$0	$2,406
BRIAN COAD	DIRECTOR	1.00	Director	$595	$0	$1,435
ANDRE MCGHEE	DIRECTOR	1.00	Director	$595	$0	$1,015
RICHARD BIZUB	V PRESIDENT	1.00	Officer Director	$500	$0	$920
EARL SCHUSTER	DIRECTOR (FO	1.00	Director	$550	$0	$550
SHAUN HALLIGAN	DIRECTOR (FO	1.00	Director	$400	$0	$400
KENNETH OLEJNICZAK	DIRECTOR (FO	1.00	Director	$400	$0	$400
SHAMIR PERKINS	DIRECTOR	1.00	Director	$100	$0	$100
JAKE BIONDO	DIRECTOR	1.00	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	$206,424	$204,968	$552,943	$1,456
2023	$165,745	$186,693	$551,487	$-20,948
2022	$174,239	$151,917	$567,242	$22,322
2021	$114,553	$134,097	$542,695	$-19,544
2020	$194,278	$161,686	$555,206	$32,592
2019	$258,512	$164,864	$517,666	$93,648

IRONLOC NO 6 CORPORATION