INT'L ASSOC OF BRIDGE STRUCTURAL & ORNAMENTAL IRON WORKERS LOCAL 55 (EIN 344269617) - 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

1903

Legal Domicile

Phone

4193852125

Tax Period

2024-07-01 to 2025-06-30

INT'L ASSOC OF BRIDGE STRUCTURAL & ORNAMENTAL IRON WORKERS LOCAL 55, founded in 1903, is a community nonprofit that reported $3.0M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $3.3M exceeded revenue, resulting in a 10% operating deficit.

Mission

TO REPRESENT MEMBERS OF THE UNION EMPLOYED IN VARIOUS CONSTRUCTION TRADES. THE UNION ORGANIZES WORKERS FOR THE ECONOMIC, MORAL, AND SOCIAL ADVANCEMENT OF THEIR CONDITION AND STATUS.

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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 $2,659,192

Investment Income $315,069

Other Revenue $55,751

TOTAL REVENUE $3,030,012

Expense Breakdown

Grants Paid $0

Salaries & Benefits $862,198

Fundraising Expenses $0

Other Expenses $2,461,867

TOTAL EXPENSES $3,347,765

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,030,012	$2,785,774	+0.1%
Expenses	$3,347,765	$2,979,960	+0.1%
Net Income	$-317,753	$-194,186	+0.6%

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

$712,121

Total Directors

$499,136

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES BESLY	RECORDING SECRETARY	2.00	Officer Director	$90	$0	$90
ROBERT MAPES JR	BUSINESS AGENT (PART YR)	40.00	Officer Director	$87,028	$73,046	$160,074
CHARLES AVALOS JR	PRESIDENT	2.00	Officer Director	$13,231	$7,941	$21,172
WALTER RICE JR	EXECUTIVE COMMITTEE	2.00	Officer Director	$160	$0	$160
ERIC F KAHLE	BUSINESS MANAGER/FST (JUL-APR)	40.00	Officer Director	$120,803	$82,223	$203,026
TROY ALCORN	EXECUTIVE COMMITTEE	2.00	Officer Director	$0	$0	$0
JASON J HABEL	BUSINESS MANAGER/FST (APR-JUN)	2.00	Officer Director	$30,246	$18,122	$48,368
JAMES BOLLINGER	EXECUTIVE COMMITTEE	2.00	Officer Director	$0	$0	$0
KEITH WALTER	EXECUTIVE COMMITTEE	2.00	Officer Director	$150	$0	$150
ERIC MOSQUEDA	EXECUTIVE COMMITTEE	2.00	Officer Director	$0	$0	$0
ALLAN FITCH	BUSINESS AGENT (PART YR)	2.00	Officer Director	$37,267	$28,829	$66,096
ROBERT MONAK	VICE PRESIDENT	2.00	Officer	$116,893	$96,092	$212,985

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	$3,030,012	$3,347,765	$5,892,242	$-317,753
2024	$2,785,774	$2,979,960	$9,547,626	$-194,186
2023	$3,185,702	$2,878,902	$9,470,137	$306,800
2022	$3,346,334	$2,575,197	$9,498,486	$771,137
2021	$3,016,424	$2,739,655	$9,276,264	$276,769
2020	$5,831,529	$2,782,750	$8,916,382	$3,048,779
2019	$4,302,288	$2,211,206	$5,864,484	$2,091,082

INT'L ASSOC OF BRIDGE STRUCTURAL & ORNAMENTAL IRON WORKERS LOCAL 55