STEEL ERECTION & ORNAMENTAL IRON I… - Form 990 Financial Data

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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

Principal Officer

THOMAS GUNNING

Phone

7818493220

Tax Period

2024-01-01 to 2024-12-31

STEEL ERECTION & ORNAMENTAL IRON INDUSTRY ADVANCEMENT FUND is a small nonprofit that reported $259K in total revenue in fiscal year 2024. The organization ran a surplus of $91K, a strong 35% operating margin.

Mission

THE FUND WAS ESTABLISHED FOR THE PURPOSES OF IMPROVING RELATIONSHIPS BETWEEN THE CONTRACTORS AND THE UNIONS.

Program Service Accomplishments

Program 1

Expenses: $157,674

TO PROMOTE BETTER RELATIONSHIPS WITH THE CONTRACTORS AND THE UNIONS

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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 $222,793

Program Service Revenue $0

Investment Income $35,850

Other Revenue $0

TOTAL REVENUE $258,643

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $157,674

Other Expenses $167,350

TOTAL EXPENSES $167,350

Year-over-Year Comparison

	2024	2023	Change
Revenue	$258,643	$267,323	0.0%
Expenses	$167,350	$154,108	+0.1%
Net Income	$91,293	$113,215	-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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS GUNNING	SECRETARY/TR	10.00	Officer Director	$0	$0	$0
USHA WOOD	PRESIDENT	10.00	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
2024	$258,643	$167,350	$861,538	$91,293
2023	$267,323	$154,108	$770,245	$113,215
2022	$248,495	$175,401	$657,030	$73,094
2021	$171,513	$154,561	$635,218	$16,952
2020	$139,269	$56,713	$566,984	$82,556

STEEL ERECTION & ORNAMENTAL IRON INDUSTRY ADVANCEMENT FUND