IRON WORKERS INDUSTRY ADVANCEMENT FUND

EIN: 237160605

FAIRFAX, VA

Total Revenue
$172,116
Total Expenses
$174,000
Total Assets
$25,359
Net Assets
$25,359
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1970
Legal Domicile
VA
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 $241K in total revenue in fiscal year 2018.

Mission

TO PROMOTE THE STRUCTURAL STEEL, MISCELLANEOUS AND ORNAMENTAL METALS AND REINFORCING STEEL INDUSTRY.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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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

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Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
3
Independent Members
3
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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
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
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