INT'L ASSOC OF BRIDGE STRUCTURAL & ORNAMENTAL IRON WORKERS LOCAL 399 (EIN 210482990) - 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

1925

Legal Domicile

Principal Officer

Richard Sweeney

Phone

8564569323

Tax Period

2023-07-01 to 2024-06-30

INT'L ASSOC OF BRIDGE STRUCTURAL & ORNAMENTAL IRON WORKERS LOCAL 399, founded in 1925, is a community nonprofit that reported $3.8M in total revenue in fiscal year 2023. Expenses of $3.3M left a modest 13% surplus.

Mission

Labor Union

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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 $3,366,621

Investment Income $182,817

Other Revenue $288,041

TOTAL REVENUE $3,837,479

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,665,947

Fundraising Expenses $0

Other Expenses $784,923

TOTAL EXPENSES $3,319,574

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,837,479	$3,638,203	+0.1%
Expenses	$3,319,574	$3,023,463	+0.1%
Net Income	$517,905	$614,740	-0.2%

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

$1,266,670

Total Directors

$2,470

Key Employees

$309,245

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Richard Sweeney	President	40.00	Officer	$203,116	$119,555	$322,671
Gary Brown	Vice President	40.00	Officer	$192,526	$117,395	$309,921
Greg Ferretti	Treasurer/Busn Agent	5.00	Officer	$193,261	$117,395	$310,656
Dennis Fallon	Executive Board	2.00	Officer	$494	$0	$494
Jason Garcia	Recording Secretary	2.00	Officer	$6,851	$0	$6,851
Michael Ford	Business Agent	2.00	Officer	$195,348	$117,395	$312,743
Lorenzo Borden	Executive Board	2.00	Director	$494	$0	$494
Michael Evangelisti	Executive Board	2.00	Officer	$494	$0	$494
James Akers	Examining Board	2.00	Officer	$494	$0	$494
Martin Passeri Jr	Executive Board	2.00	Officer	$494	$0	$494
Robert Brown	Trustee	2.00	Director	$494	$0	$494
Michael Coleman	Conductor	2.00	Officer	$370	$0	$370
William Gierman	Executive Board	2.00	Director	$494	$0	$494
Demea Heyward	Trustee	2.00	Director	$494	$0	$494
Christopher Leidy	Examining Board	2.00	Officer	$494	$0	$494
David Weber	Examining Board	2.00	Officer	$494	$0	$494
Jeffrey Saia	Trustee	40.00	Director	$494	$0	$494
Samuel Rubino	Business Agent	40.00	Key Emp	$191,850	$117,395	$309,245
Reed Stefanics	Sergeant-At-Arms	2.00	Officer	$494	$0	$494

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	$3,837,479	$3,319,574	$10,448,406	$517,905
2023	$3,638,203	$3,023,463	$9,873,561	$614,740
2022	$2,979,248	$2,759,599	$9,410,636	$219,649
2021	$2,981,302	$2,689,783	$9,471,293	$291,519
2020	$3,243,707	$2,772,971	$8,992,531	$470,736
2019	$3,440,254	$2,477,556	$8,531,484	$962,698
2018	$3,288,286	$2,786,333	$7,575,782	$501,953

INT'L ASSOC OF BRIDGE STRUCTURAL & ORNAMENTAL IRON WORKERS LOCAL 399