IRON WORKERS LOCAL UNION 401 (EIN 230724500) - 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

1900

Legal Domicile

Phone

2156763000

Tax Period

2024-07-01 to 2025-06-30

IRON WORKERS LOCAL UNION 401, founded in 1900, is a community nonprofit that reported $5.2M in total revenue in fiscal year 2024. Expenses of $4.6M left a modest 12% surplus.

Mission

Placement and training of members.

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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 $4,325,456

Investment Income $320,525

Other Revenue $598,436

TOTAL REVENUE $5,244,417

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,032,524

Fundraising Expenses $0

Other Expenses $2,251,376

TOTAL EXPENSES $4,626,475

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,244,417	$5,178,193	+0.0%
Expenses	$4,626,475	$4,472,980	+0.0%
Net Income	$617,942	$705,213	-0.1%

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

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

$339,044

Total Directors

Key Employees

$1,507,564

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kevin Boyle	Business Manager / Fin Secretary	40.00	Officer	$181,538	$131,986	$313,524
Patrick Walsh	Business Agent	5.00	Key Emp	$164,792	$131,986	$296,778
John Teel	Executive Committee	5.00	Officer	$426	$0	$426
James Mathis III	Executive Committee	5.00	Officer	$500	$0	$500
Jesse La Pera	Executive Committee	5.00	Officer	$426	$0	$426
Francis Marsh IV	Examining Committee	5.00	Officer	$0	$0	$0
William Siemion Jr	Examining Committee	5.00	Officer	$0	$0	$0
Brandon Kelly	Recording Secretary	5.00	Officer	$6,000	$0	$6,000
Jamal Coles	Business Agent	40.00	Key Emp	$165,392	$131,986	$297,378
Patrick Corkery	Past President	5.00	Officer	$425	$0	$425
Henry Berk	Business Agent	40.00	Key Emp	$167,892	$131,986	$299,878
Brian Eells	President	5.00	Officer	$16,359	$0	$16,359
Charles Roberts Jr	Trustee	5.00	Director	$0	$0	$0
Joseph Donohoe	Executive Committee	5.00	Officer	$426	$0	$426
Matthew Kane	Examining Committee	5.00	Officer	$0	$0	$0
Justin Reves	Executive Committee	5.00	Officer	$532	$0	$532
William Coyne	Trustee	5.00	Director	$0	$0	$0
Nakian Cromwell	Vice President	5.00	Officer	$426	$0	$426
Liam Cawley	Trustee	5.00	Director	$0	$0	$0
Jason Farabaugh	Key Employee	40.00	Key Emp	$138,588	$87,748	$226,336
Angela Dougherty	Key Employee	40.00	Key Emp	$110,496	$87,748	$198,244
Tina McCloskey	Key Employee	40.00	Key Emp	$101,202	$87,748	$188,950

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	$5,244,417	$4,626,475	$10,158,326	$617,942
2024	$5,178,193	$4,472,980	$9,499,915	$705,213
2023	$2,989,814	$4,295,400	$8,838,146	$-1,305,586
2022	$3,112,285	$3,822,962	$10,180,839	$-710,677
2021	$3,673,094	$3,524,304	$10,853,986	$148,790
2020	$4,008,817	$3,756,236	$10,726,279	$252,581
2019	$4,662,257	$4,339,724	$10,425,074	$322,533
2018	$4,685,493	$3,508,036	$10,154,987	$1,177,457

IRON WORKERS LOCAL UNION 401