IRON WORKERS LABOR MANAGEMENT COOP… - 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

1947

Legal Domicile

Principal Officer

JOSHUA HUGHES

Phone

4192413601

Tax Period

2024-01-01 to 2024-12-31

IRON WORKERS LABOR MANAGEMENT COOPERATION COMMITTEE INC, founded in 1947, is a small nonprofit that reported $143K in total revenue in fiscal year 2024. The organization ran a surplus of $75K, a strong 52% operating margin.

Mission

THE ENCOURAGEMENT AND SUPPORT OF ESTABLISHMENT OF INDUSTRY-WIDE COMMITTEES DESIGNED TO IMPROVE LABOR-MANAGEMENT RELATIONSHIPS, JOB SECURITY, COMPETITVENESS, PRODUCTIVITY, ORGANIZATIONAL EFFECTIVENSS AND ECONOMIC DEVELOPMENT.

Program Service Accomplishments

Program 1

Expenses: $68,273 Revenue: $135,490

TO IMPROVE COMMUNICATION BETWEEN REPRESENTATIVES OF LABOR AND MANAGEMENT, AND ENGENDER COOPERATIVE AND HARMONIOUS RELATIONS BETWEEN LABOR AND MANAGEMENT IN THE CONSTRUCTION INDUSTRY.

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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 $135,490

Investment Income $7,770

Other Revenue $0

TOTAL REVENUE $143,260

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $68,273

Other Expenses $68,273

TOTAL EXPENSES $68,273

Year-over-Year Comparison

	2024	2023	Change
Revenue	$143,260	$140,932	+0.0%
Expenses	$68,273	$92,461	-0.3%
Net Income	$74,987	$48,471	+0.5%

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
JOSHUA HUGHES	TRUSTEE	0.50	Director	$0	$0	$0
GREG MYERS	TRUSTEE	0.50	Director	$0	$0	$0
STEVE SIERACKE	TRUSTEE	0.50	Director	$0	$0	$0
ROB BRANYAN II	TRUSTEE	0.50	Director	$0	$0	$0
ROB BRANYAN III	TRUSTEE	0.50	Director	$0	$0	$0
ROBERT MAPES JR	TRUSTEE	0.50	Director	$0	$0	$0
ERIC KAHLE	TRUSTEE	0.50	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
2024	$143,260	$68,273	$854,068	$74,987
2023	$140,932	$92,461	$728,846	$48,471
2022	$160,916	$182,198	$609,039	$-21,282
2021	$179,122	$100,112	$715,213	$79,010
2020	$212,684	$83,828	$612,556	$128,856
2019	$340,783	$202,792	$483,701	$137,991

IRON WORKERS LABOR MANAGEMENT COOPERATION COMMITTEE INC