Int'l Assn of Bridge Structural & Ornamental Iron Workers Shopmen's Local 5 (EIN 230724505) - 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

1945

Legal Domicile

Principal Officer

Steve Sweeney

Phone

8564561156

Tax Period

2021-07-01 to 2022-06-30

Int'l Assn of Bridge Structural & Ornamental Iron Workers Shopmen's Local 5, founded in 1945, is a small nonprofit that reported $237K in total revenue in fiscal year 2021. Expenses of $270K exceeded revenue, resulting in a 14% operating deficit.

Mission

Provide training and job placement of members in position covered under the CBA.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $222,314

Investment Income $45

Other Revenue $14,207

TOTAL REVENUE $236,566

Expense Breakdown

Grants Paid $0

Salaries & Benefits $116,943

Fundraising Expenses $0

Other Expenses $52,607

TOTAL EXPENSES $270,276

Year-over-Year Comparison

	2021	2020	Change
Revenue	$236,566	$242,621	0.0%
Expenses	$270,276	$298,621	-0.1%
Net Income	$-33,710	$-56,000	-0.4%

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

$90,006

Total Directors

$1,050

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Stephen Sweeney	Administrator	10.00	Director	$0	$0	$0
Donald Wanamaker	Bus. Mgr. / President	40.00	Officer	$75,951	$5,034	$80,985
John O'Rourke	President	2.00	Officer	$2,642	$0	$2,642
Arthur McLaughlin	Vice President	2.00	Officer	$1,390	$0	$1,390
Alexander Patrick	Recording Secretary	2.00	Officer	$900	$0	$900
Salvatore Marzulli	Executive Board	2.00	Officer	$0	$0	$0
Patrick Carlin	Executive Board	2.00	Officer	$1,637	$0	$1,637
Michael Fania	Executive Board	2.00	Officer	$1,552	$0	$1,552
Justin Reichart	Executive Board	2.00	Officer	$0	$0	$0
Christopher Heston	Executive Board	2.00	Officer	$900	$0	$900
William Laurie	Trustee	2.00	Director	$0	$0	$0
Michael Rodriguez	Trustee	2.00	Director	$0	$0	$0
Steven Carlberg	Trustee	2.00	Director	$450	$0	$450
Brian Rode	Trustee	2.00	Director	$450	$0	$450
Evan James	Trustee	2.00	Director	$150	$0	$150

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
2022	$236,566	$270,276	$13,479	$-33,710
2021	$242,621	$298,621	$47,189	$-56,000
2020	$251,176	$337,775	$107,326	$-86,599
2019	$286,032	$318,768	$198,810	$-32,736
2018	$321,594	$325,948	$236,287	$-4,354

Int'l Assn of Bridge Structural & Ornamental Iron Workers Shopmen's Local 5