LOCAL UNION NO 550 OF THE INTERNATIONAL ASSOCIATION OF BRIDGE STRUCTURAL (EIN 340225474) - 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

1937

Legal Domicile

Principal Officer

SEAN DIEKMANN

Phone

3304555164

Tax Period

2024-07-01 to 2025-06-30

LOCAL UNION NO 550 OF THE INTERNATIONAL ASSOCIATION OF BRIDGE STRUCTURAL, founded in 1937, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. The organization ran a surplus of $526K, a strong 27% operating margin.

Mission

DEVELOP TRADE SKILLS; CULTIVATE FRIENDSHIP IN THE TRADE; DISTRIBUTE EMPLOYMENT OPPORTUNITIES FAIRLY

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,823,777

Investment Income $125,173

Other Revenue $0

TOTAL REVENUE $1,948,950

Expense Breakdown

Grants Paid $0

Salaries & Benefits $500,632

Fundraising Expenses $0

Other Expenses $904,962

TOTAL EXPENSES $1,422,994

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,948,950	$2,130,959	-0.1%
Expenses	$1,422,994	$1,573,475	-0.1%
Net Income	$525,956	$557,484	-0.1%

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

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

$310,206

Total Directors

$310,206

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SEAN DIEKMANN	BUSINESS MANAGER	38.00	Officer Director	$67,871	$29,759	$98,774
SHAWN MCCARTNEY	RECORDING SECRETARY	1.00	Officer Director	$1,119	$92	$90,784
GARY FELGENHAUER	PRESIDENT	38.00	Officer Director	$54,065	$24,350	$78,415
CHAD JORDAN	VICE PRESIDENT	1.00	Officer Director	$2,397	$611	$42,233
CODY D WILLIAMS	EXECUTIVE COMMITTEE	1.00	Director	$0	$0	$0
PETER HUNTLEY	EXECUTIVE COMMITTEE	1.00	Director	$0	$0	$0
NICHOLAS TSAFTARIDES	EXECUTIVE COMMITTEE	1.00	Director	$0	$0	$0
JOE LIOLIOS	EXECUTIVE COMMITTEE	1.00	Director	$0	$0	$0
DAVID WAYBLE	EXECUTIVE COMMITTEE	1.00	Director	$0	$0	$0
JOSH S YAREFF	TRUSTEE	1.00	Director	$0	$0	$0
JEFFREY L VAUGHN	TRUSTEE	1.00	Director	$0	$0	$0
JEFF L BROWN	TRUSTEE	1.00	Director	$0	$0	$0
THERON HODGE	PAST BUSINESS MANAGER	40.00		$40,716	$17,752	$58,468

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	$1,948,950	$1,422,994	$2,982,225	$525,956
2024	$2,130,959	$1,573,475	$2,453,636	$557,484
2023	$2,091,607	$1,726,384	$2,057,904	$365,223
2022	$1,674,883	$1,347,399	$1,759,935	$327,484
2021	$877,728	$930,357	$1,678,815	$-52,629
2020	$994,654	$1,095,126	$1,665,819	$-100,472
2019	$1,354,035	$1,386,662	$1,831,496	$-32,627

LOCAL UNION NO 550 OF THE INTERNATIONAL ASSOCIATION OF BRIDGE STRUCTURAL