INTERNATIONAL ASSOC OF BRIDGESTRUCTURAL ORNAMENTAL &REINFORCING IRON WORKERS 498 (EIN 361263956) - 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

1936

Legal Domicile

Principal Officer

MARK RICHESON

Phone

8158739180

Tax Period

2024-07-01 to 2025-06-30

INTERNATIONAL ASSOC OF BRIDGESTRUCTURAL ORNAMENTAL &REINFORCING IRON WORKERS 498, founded in 1936, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $1.3M left a modest 5% surplus.

Mission

TO ORGANIZE MEMBERS FOR THEIR ECONOMIC, MORAL, AND SOCIAL ADVANCEMENT FOR THE 346 MEMBERS ASSOCIATED WITH THE UNION.

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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 $1,242,981

Investment Income $24,058

Other Revenue $146,821

TOTAL REVENUE $1,413,860

Expense Breakdown

Grants Paid $9,794

Salaries & Benefits $679,256

Fundraising Expenses $0

Other Expenses $614,260

TOTAL EXPENSES $1,341,125

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,413,860	$1,550,371	-0.1%
Expenses	$1,341,125	$1,317,338	+0.0%
Net Income	$72,735	$233,033	-0.7%

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

N/A

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

$580,562

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEITH GAHL	REC SEC/ORGANIZER	40.00	Officer	$125,322	$128,327	$253,649
MARK RICHESON	BUS MGR/FIN SEC/TREAS	40.00	Officer	$136,245	$137,255	$273,500
PAUL KAUFFMAN	PRESIDENT/BUS AGENT	16.00	Officer	$43,368	$8,785	$52,153
BEN SCROGGINS	VICE PRESIDENT	3.00	Officer	$240	$0	$240
ROBERT ZIMMERMAN	EXEC BRD/CONDUCTOR/SGT AT	3.00	Officer	$0	$0	$0
JOHN MEIER	EXEC BRD/EXAM COMM	3.00	Officer	$180	$0	$180
BEN HIGLEY	EXEC BRD/EXAM COMM	3.00	Officer	$0	$0	$0
GARRETT SCHMIDT	EXEC BRD	3.00	Officer	$180	$0	$180
NOEL GLASTETTER	EXEC BRD	3.00	Officer	$360	$0	$360
DEAN MARKEE	EXAM COMM	3.00	Officer	$0	$0	$0
TOM MORASKA	TRUSTEE	3.00	Officer	$0	$0	$0
MIKE GRACYALNY	TRUSTEE	3.00	Officer	$0	$0	$0
WILLIAM SWAFFORD	TRUSTEE	3.00	Officer	$0	$0	$0
MARK WHITFORD	FORMER EXEC BRD/CONDUCTOR/SGT AT	3.00	Officer	$210	$0	$210
JOSH OLSON	FORMER EXEC BRD	3.00	Officer	$90	$0	$90

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	$1,413,860	$1,341,125	$1,839,246	$72,735
2024	$1,550,371	$1,317,338	$1,751,933	$233,033
2023	$1,216,410	$1,257,561	$1,538,734	$-41,151
2022	$1,161,291	$1,067,700	$1,599,811	$93,591
2021	$1,028,748	$1,108,292	$1,400,446	$-79,544
2020	$1,117,404	$1,207,122	$1,327,477	$-89,718

INTERNATIONAL ASSOC OF BRIDGESTRUCTURAL ORNAMENTAL &REINFORCING IRON WORKERS 498