STRUCTURAL IRONWORKERS UNION LOCAL (EIN 361835610) - 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

1907

Legal Domicile

Principal Officer

MICHAEL OLVERA

Phone

3097566614

Tax Period

2022-07-01 to 2023-06-30

STRUCTURAL IRONWORKERS UNION LOCAL, founded in 1907, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2022. Expenses of $1.0M left a modest 15% surplus.

Mission

LOCAL LABOR 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 (2022)

Revenue Breakdown

Contributions & Grants $116,040

Program Service Revenue $1,038,390

Investment Income $49,009

Other Revenue $8,379

TOTAL REVENUE $1,211,818

Expense Breakdown

Grants Paid $0

Salaries & Benefits $439,773

Fundraising Expenses $0

Other Expenses $527,059

TOTAL EXPENSES $1,031,434

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,211,818	$1,156,661	+0.0%
Expenses	$1,031,434	$895,775	+0.2%
Net Income	$180,384	$260,886	-0.3%

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

Total Directors

$5,672

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEX ADAMS	PRESIDENT	1.00	Director	$2,592	$0	$2,592
ALEX PENA	EXECUTIVE BO	N/A	Director	$0	$0	$0
NOAH BABCOCK	EXECUTIVE BO	1.00	Director	$1,960	$0	$1,960
WILLIAM RINGBERG	VICE PRESIDE	N/A	Director	$0	$0	$0
MICHAEL OLVERA	BUS MGR/TREA	40.00	Officer Director	$0	$0	$0
SCOTT JONES	EXECUTIVE BO	N/A	Director	$0	$0	$0
JAMES GUSTAF	EXECUTIVE BO	N/A	Director	$0	$0	$0
JOSH RANGEL	TRUSTEE	N/A	Director	$0	$0	$0
TROY COURTOIS	RECORDING SE	N/A	Director	$0	$0	$0
MICHAEL SEDAM	EXECUTIVE BO	N/A	Director	$0	$0	$0
MIKE ROSS	TRUSTEE	N/A	Director	$0	$0	$0
AUSTIN KING	TRUSTEE	N/A	Director	$0	$0	$0
DOUGLAS WHALEN	EXAMINING CO	N/A	Director	$0	$0	$0
KALE LAWRENCE	ELECTION JUD	1.00	Director	$280	$0	$280
DEREK KEEL	ELECTION JUD	1.00	Director	$280	$0	$280
MICHAEL PEKIOS	ELECTION JUD	1.00	Director	$280	$0	$280
GARY WEAVER	ELECTION JUD	1.00	Director	$280	$0	$280

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,211,818	$1,031,434	$3,204,110	$180,384
2022	$1,156,661	$895,775	$3,012,272	$260,886
2021	$1,188,805	$800,989	$2,735,437	$387,816
2019	$1,336,101	$736,709	$1,811,063	$599,392

STRUCTURAL IRONWORKERS UNION LOCAL