IRON WORKERS REGIONAL SHOP LOCAL UNION NO 851 (EIN 320511014) - 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

2017

Legal Domicile

Principal Officer

MICHAEL D BAUMANN

Phone

7345780014

Tax Period

2023-07-01 to 2024-06-30

IRON WORKERS REGIONAL SHOP LOCAL UNION NO 851, founded in 2017, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year.

Mission

LOCAL TRADE UNION ADVOCATING FOR AND REPRESENTING ITS MEMBERS

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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 $941,316

Investment Income $62,092

Other Revenue $106,439

TOTAL REVENUE $1,109,847

Expense Breakdown

Grants Paid $0

Salaries & Benefits $452,726

Fundraising Expenses $0

Program Expenses $804,076

Other Expenses $633,522

TOTAL EXPENSES $1,103,748

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,109,847	$1,178,780	-0.1%
Expenses	$1,103,748	$1,123,243	0.0%
Net Income	$6,099	$55,537	-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

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

$143,035

Total Directors

$60,381

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL D BAUMANN	PRES, FIN SE	40.00	Officer	$80,570	$0	$80,570
JEANE CHAFFIN	VICE PRESIDE	40.00	Officer	$62,415	$0	$62,415
SHAWN O'HERN	TRUSTEE/BUSI	40.00	Director	$58,846	$0	$58,846
RALPH PARRISH	EXEC COMMITT	1.00	Director	$600	$0	$600
DONALD HALBRITTER	TRUSTEE	1.00	Director	$451	$0	$451
ADAM RHODES	TRUSTEE	1.00	Director	$334	$0	$334
STEPHEN DEREWONKO	EXEC COMMITT	1.00	Director	$50	$0	$50
MATTHEW FRAME	EXEC COMMITT	1.00	Director	$50	$0	$50
WILL RHODES	EXEC COMMITT	1.00	Director	$50	$0	$50
ARTHUR BARBER JR	RECORDING SE	1.00	Officer	$50	$0	$50
WILLIAM ARCHIBALD	SERGEANT-AT-	1.00	Director	$0	$0	$0
KEITH KEES	EXEC COMMITT	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	$1,109,847	$1,103,748	$1,652,117	$6,099
2023	$1,178,780	$1,123,243	$1,640,114	$55,537
2022	$1,351,275	$1,291,003	$1,529,999	$60,272
2021	$1,065,377	$961,212	$1,479,484	$104,165
2020	$1,022,798	$906,422	$1,351,892	$116,376
2019	$1,054,401	$952,969	$1,235,101	$101,432

IRON WORKERS REGIONAL SHOP LOCAL UNION NO 851