IRON WORKERS EMPLOYERS ASSOCIATION… - 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

1959

Legal Domicile

Principal Officer

FRED H CODDING

Phone

7035911870

Tax Period

2025-01-01 to 2025-12-31

IRON WORKERS EMPLOYERS ASSOCIATION OF WASHINGTON DC INC, founded in 1959, is a small nonprofit that reported $173K in total revenue in fiscal year 2025.

Mission

PROMOTE, PROTECT, FOSTER AND ADVANCE THE INTEREST OF ITS MEMBERS AS FABRICATORS AND ERECTORS OF STRUCTURAL STEEL, MISCELLANEOUS AND ORNAMENTAL STEEL AND REINFORCING STEEL.

Program Service Accomplishments

Program 1

Expenses: $143,837

PROMOTE, PROTECT, FOSTER AND ADVANCE THE INTEREST OF ITS MEMBERS AS FABRICATORS AND ERECTORS OF STRUCTURAL STEEL, MISCELLANEOUS AND ORNAMENTAL METALS AND REINFORCING 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 $173,100

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $173,100

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $143,837

Other Expenses $67,865

TOTAL EXPENSES $176,020

Year-over-Year Comparison

	2025	2024	Change
Revenue	$173,100	$175,200	0.0%
Expenses	$176,020	$160,461	+0.1%
Net Income	$-2,920	$14,739	-1.2%

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	PRESIDENT	5.00	Officer Director	$0	$0	$0
PETE HAMER	SECRETARY/TREASURER	5.00	Officer Director	$0	$0	$0
JAMES AYERSMAN	VICE-PRESIDENT	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	$173,100	$176,020	$18,531	$-2,920
2024	$175,200	$160,461	$21,451	$14,739
2023	$218,400	$224,060	$6,712	$-5,660
2022	$213,400	$208,366	$12,372	$5,034
2021	$227,800	$241,065	$7,338	$-13,265
2020	$233,193	$225,309	$20,603	$7,884
2019	$217,674	$230,122	$12,719	$-12,448
2018	$242,294	$234,198	$25,167	$8,096

IRON WORKERS EMPLOYERS ASSOCIATION OF WASHINGTON DC INC