INT'L ASSOCIATION OF BRIDGE STRUCTURAL & ORNAMENTAL IRON WORKERS LOCAL 405 (EIN 231011167) - 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

Principal Officer

Stephen Sweeney

Phone

2154627300

Tax Period

2022-07-01 to 2023-06-30

INT'L ASSOCIATION OF BRIDGE STRUCTURAL & ORNAMENTAL IRON WORKERS LOCAL 405, founded in 1926, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2022. Expenses of $1.9M left a modest 3% surplus.

Mission

PLACEMENT OF MEMBERS IN THE WORKPLACE

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,746,314

Investment Income $2,335

Other Revenue $190,192

TOTAL REVENUE $1,938,841

Expense Breakdown

Grants Paid $0

Salaries & Benefits $886,328

Fundraising Expenses $0

Other Expenses $589,978

TOTAL EXPENSES $1,877,508

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,938,841	$1,855,033	+0.0%
Expenses	$1,877,508	$1,663,055	+0.1%
Net Income	$61,333	$191,978	-0.7%

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

Total Directors

Key Employees

$845,975

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Stephen Sweeney	Administrator	2.00	Director	$0	$0	$0
Michael Knobbs	Business Agent	40.00	Key Emp	$177,972	$106,543	$284,515
Francis Kane	Business Agent	40.00	Key Emp	$175,190	$106,263	$281,453
Len Ciancanglini	Business Agent	40.00	Key Emp	$175,190	$104,817	$280,007

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,938,841	$1,877,508	$2,325,243	$61,333
2022	$1,855,033	$1,663,055	$2,130,550	$191,978
2021	$1,920,596	$1,657,156	$1,937,116	$263,440
2020	$1,649,257	$1,502,189	$1,638,645	$147,068
2019	$1,645,716	$1,799,112	$1,715,457	$-153,396
2018	$1,471,728	$1,802,679	$1,872,874	$-330,951

INT'L ASSOCIATION OF BRIDGE STRUCTURAL & ORNAMENTAL IRON WORKERS LOCAL 405