IRON WORKERS INDUSTRY ADVANCEMENT … - Form 990 Financial Data

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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

1970

Legal Domicile

Principal Officer

FRED H CODDING

Phone

7035911870

Tax Period

2025-01-01 to 2025-12-31

IRON WORKERS INDUSTRY ADVANCEMENT FUND, founded in 1970, is a small nonprofit that reported $172K in total revenue in fiscal year 2025. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

FUNDING FOR IRON WORKERS EMPLOYERS ASSOCIATION TO PROTECT, PROMOTE, FOSTER AND ADVANCE THE INTEREST OF EMPLOYERS AND EMPLOYEES ENGAGED IN THE FABRICATION AND ERECTION OF STRUCTURAL STEEL, MISCELLANEOUS AND ORNAMENTAL METALS AND REINFORCING STEEL.

Program Service Accomplishments

Program 1

Expenses: $173,550

FUNDING FOR IRON WORKERS EMPLOYERS ASSOCIATION TO PROTECT, PROMOTE, FOSTER AND ADVANCE THE INTEREST OF EMPLOYERS AND EMPLOYEES ENGAGED IN THE FABRICATION AND ERECTION OF STRUCTURAL STEEL...

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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 (2025)

Revenue Breakdown

Contributions & Grants $172,116

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $172,116

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $173,550

Other Expenses $174,000

TOTAL EXPENSES $174,000

Year-over-Year Comparison

	2025	2024	Change
Revenue	$172,116	$154,826	+0.1%
Expenses	$174,000	$177,365	0.0%
Net Income	$-1,884	$-22,539	-0.9%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VIC CORNELLIER	TRUSTEE	5.00	Officer Director	$0	$0	$0
JAMES AYERSMAN	TRUSTEE	5.00	Officer Director	$0	$0	$0
FRED H CODDING	EXEC. VICE 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
2025	$172,116	$174,000	$25,359	$-1,884
2024	$154,826	$177,365	$27,243	$-22,539
2023	$159,663	$220,496	$49,782	$-60,833
2022	$174,892	$215,382	$110,615	$-40,490
2021	$191,358	$228,304	$151,105	$-36,946
2020	$411,113	$232,849	$188,051	$178,264
2019	$215,023	$214,874	$9,787	$149
2018	$241,417	$241,980	$9,638	$-563

IRON WORKERS INDUSTRY ADVANCEMENT FUND