INT'L ASSN OF BRIDGE STRUCTURAL AND ORNAMENTAL IRON WORKERS LOCAL 404 (EIN 230592677) - 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

1926

Legal Domicile

Phone

7175648550

Tax Period

2024-07-01 to 2025-06-30

INT'L ASSN OF BRIDGE STRUCTURAL AND ORNAMENTAL IRON WORKERS LOCAL 404, founded in 1926, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2024. The organization ran a surplus of $432K, a strong 20% operating margin.

Mission

The purpose of this Local Union is: To promote the welfare of its members and their families. To secure satisfactory wages, working conditions and opportunities

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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 $0

Program Service Revenue $2,152,336

Investment Income $35,452

Other Revenue $20,312

TOTAL REVENUE $2,208,100

Expense Breakdown

Grants Paid $0

Salaries & Benefits $857,904

Fundraising Expenses $0

Other Expenses $626,011

TOTAL EXPENSES $1,775,683

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,208,100	$2,081,541	+0.1%
Expenses	$1,775,683	$2,151,133	-0.2%
Net Income	$432,417	$-69,592	-7.2%

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

$809,927

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
George Zalar	Business Mgr/ Fin Secretary	40.00	Officer	$131,352	$96,902	$228,254
Thomas Calpin IV	Rec Secretary/ Business Agent	40.00	Officer	$105,586	$88,305	$193,891
Mark Buniski	Business Agent/ Exam Committee	40.00	Officer	$105,586	$88,305	$193,891
Christopher Hoover	President	40.00	Officer	$105,586	$88,305	$193,891
Karac Ellestad	Vice President	2.00	Officer	$0	$0	$0
Randy Ritzman	Executive Board	2.00	Officer	$0	$0	$0
Robert Faust Jr	Executive Board	2.00	Officer	$0	$0	$0
Daniel Hoke	Trustee	2.00	Director	$0	$0	$0
Brian Peiffer	Trustee/Exam Committee	2.00	Director	$0	$0	$0
Stephen Leitzal	Supplemental Fund Trustee	2.00	Director	$0	$0	$0
Joseph Gonzalez	Sgt at Arms	2.00	Officer	$0	$0	$0
Richard Morales	Examining Committee	2.00	Officer	$0	$0	$0
Jason Dreibelbis	Executive Board	2.00	Officer	$0	$0	$0
Ethan Compton	Executive Board	2.00	Officer	$0	$0	$0
Ryan Dawson	Executive Board	2.00	Officer	$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	$2,208,100	$1,775,683	$2,496,519	$432,417
2024	$2,081,541	$2,151,133	$2,126,290	$-69,592
2023	$1,986,553	$2,094,304	$2,181,642	$-107,751
2022	$2,329,501	$2,304,937	$2,251,476	$24,564
2021	$1,677,579	$1,753,191	$2,255,377	$-75,612
2020	$1,821,796	$2,239,792	$2,280,323	$-417,996
2019	$2,007,827	$1,946,912	$2,760,600	$60,915
2018	$2,603,491	$2,277,373	$2,719,032	$326,118

INT'L ASSN OF BRIDGE STRUCTURAL AND ORNAMENTAL IRON WORKERS LOCAL 404