IRONWORKERS LOCAL UNION NO 12 AND EMPLOYERS' COOPERATIVE TRUST (EIN 261661980) - 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

2007

Legal Domicile

Principal Officer

JOHN BISSAILLON

Phone

5184350470

Tax Period

2023-07-01 to 2024-06-30

IRONWORKERS LOCAL UNION NO 12 AND EMPLOYERS' COOPERATIVE TRUST, founded in 2007, is a small nonprofit in the Employment sector that reported $495K in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $292K, a strong 59% operating margin.

Mission

TO IDENTIFY AND EXPAND WORK OPPORTUNITIES, WORK PRESERVATION, JOB SECURITY, ECONOMIC COMPETITIVENESS, PRODUCTIVITY, JOB SAFETY, AND ECONOMIC DEVELOPMENT FOR IRON WORKERS AND THEIR EMPLOYEES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $491,183

Investment Income $4,080

Other Revenue $0

TOTAL REVENUE $495,263

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $202,776

TOTAL EXPENSES $202,776

Year-over-Year Comparison

	2023	2022	Change
Revenue	$495,263	$434,008	+0.1%
Expenses	$202,776	$289,409	-0.3%
Net Income	$292,487	$144,599	+1.0%

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

$333,314

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HANK DIGESER	TRUSTEE	1.00	Director	$0	$0	$0
JOHN BISSAILLON	TRUSTEE	1.00	Director	$0	$75,954	$171,400
ERIC BRUGERMAN	TRUSTEE	1.00	Director	$0	$75,258	$161,914
MATT CALKINS	TRUSTEE	1.00	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	No data	No data	No data	No data
2024	$495,263	$202,776	$584,059	$292,487
2023	$434,008	$289,409	$300,906	$144,599
2022	$390,560	$476,288	$151,893	$-85,728
2021	$391,762	$773,329	$244,689	$-381,567
2020	$494,732	$505,827	$638,023	$-11,095
2019	$430,018	$405,290	$654,875	$24,728
2018	$364,627	$378,494	$615,957	$-13,867

IRONWORKERS LOCAL UNION NO 12 AND EMPLOYERS' COOPERATIVE TRUST