CANTON, OH
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
DEVELOP TRADE SKILLS; CULTIVATE FRIENDSHIP IN THE TRADE; DISTRIBUTE EMPLOYMENT OPPORTUNITIES FAIRLY
THE OBJECTIVE OF THE INTERNATIONAL ORGANIZATION SHALL BE TO ENCOURAGE AND DEVELOP A HIGH STANDARD OF SKILL, TO CULTIVATE FEELINGS OF FRIENDSHIP AMONG THE CRAFT, AND TO EQUITABLY DISTRIBUTE...
THE OBJECTIVE OF THE INTERNATIONAL ORGANIZATION SHALL BE TO ENCOURAGE AND DEVELOP A HIGH STANDARD OF SKILL, TO CULTIVATE FEELINGS OF FRIENDSHIP AMONG THE CRAFT, AND TO EQUITABLY DISTRIBUTE OPPORTUNITIES OF EMPLOYMENT. THE OBJECTIVE SHALL BE TO SECURE BY LEGAL AND PROPER MEANS PAY COMMENSURATE WITH THE HAZARD, PHYSICAL AND MENTAL TAXATION AND EXHAUSTION AND AVERAGE LIFE ENDURED BY ITS MEMBERS IN PERFORMING SERVICES OF THE TRADE. THE OBJECTIVE SHALL BE TO DISCOURAGE PIECE WORK AND PROMOTE SAFE AND REASONABLE METHODS OF WORK TO CULTIVATE THE MORAL, INTELLECTUAL AND SOCIAL CONDITIONS FOR THE WELL BEING OF ALL ITS MEMBERS, THEIR FAMILIES, & IN THE INTEREST OF CITIZENSHIPS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare LOCAL UNION NO 550 OF THE INTERNATIONAL ASSOCIATION OF BRIDGE STRUCTURAL with other nonprofits in Ohio and across the country.