STEEL ERECTION & ORNAMENTAL IRON INDUSTRY ADVANCEMENT FUND

EIN: 222514310

BRAINTREE, MA

Total Revenue
$258,643
Total Expenses
$167,350
Total Assets
$861,538
Net Assets
$861,538
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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.

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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%)

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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

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Governance

Voting Members
13
Independent Members
13
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
2
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
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
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