IRON WORKERS DISTRICT COUNCIL OF CHICAGO AND VICINITY (EIN 361267725) - 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

1951

Legal Domicile

Principal Officer

JAMES GARDINER

Phone

8477951710

Tax Period

2024-01-01 to 2024-12-31

IRON WORKERS DISTRICT COUNCIL OF CHICAGO AND VICINITY, founded in 1951, is a small nonprofit that reported $814K in total revenue in fiscal year 2024. Revenue surged 58% from the prior year, signaling strong growth momentum. The organization ran a surplus of $311K, a strong 38% operating margin.

Mission

ORGANIZE WORKERS FOR ADVANCEMENT

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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 $324,326

Program Service Revenue $463,382

Investment Income $16,836

Other Revenue $9,000

TOTAL REVENUE $813,544

Expense Breakdown

Grants Paid $53,880

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $448,921

TOTAL EXPENSES $502,801

Year-over-Year Comparison

	2024	2023	Change
Revenue	$813,544	$515,557	+0.6%
Expenses	$502,801	$371,403	+0.4%
Net Income	$310,743	$144,154	+1.2%

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
JAMES GARDINER	PRESIDENT	8.00	Officer	$0	$0	$0
RON WARE	FIN SEC/TREASURER	1.00	Officer	$0	$0	$0
ROBERT FULTON	1ST V.P.	1.00	Officer	$0	$0	$0
PAUL THOMPSON	2ND V.P.	1.00	Officer	$0	$0	$0
KEVIN HRAY	TRUSTEE	1.00	Officer	$0	$0	$0
MARK RICHESON	TRUSTEE	1.00	Officer	$0	$0	$0
CHUCK BLACK	TRUSTEE	1.00	Officer	$0	$0	$0
JASON EMERICK	SERGEANT AT ARMS	0.00	Officer	$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	$813,544	$502,801	$876,785	$310,743
2023	$515,557	$371,403	$558,830	$144,154
2022	$489,004	$463,637	$393,929	$25,367
2021	$189,507	$262,651	$409,144	$-73,144
2020	$218,482	$141,964	$464,666	$76,518
2019	$215,599	$208,849	$401,879	$6,750

IRON WORKERS DISTRICT COUNCIL OF CHICAGO AND VICINITY