ARCHITECTURAL IRONWORKERS INDUSTRY ADVANCEMENT FUND (EIN 366761938) - 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

1934

Legal Domicile

Principal Officer

BRIAN WASIELEWSKI

Phone

7734428330

Tax Period

2024-06-01 to 2025-05-31

ARCHITECTURAL IRONWORKERS INDUSTRY ADVANCEMENT FUND, founded in 1934, is a small nonprofit that reported $120K in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $166K exceeded revenue, resulting in a 38% operating deficit.

Mission

THE ARCHITECTURAL IRON INDUSTRY ADVANCEMENT TRUST FUND IS A TRUST FUND SET UP BETWEEN THE UNION (IRONWORKERS LOCAL 63) AND THE IRON LEAGUE OF CHICAGO TO PROMOTE THE ARCHITECTURAL AND ORNAMENTAL IRON INDUSTRY AND ENHANCE THE QUALITY OF WORK PERFORMED UNDER THE AGREEMENT BETWEEN LOCAL 63 AND THE IRON LEAGUE.

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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 $76,681

Investment Income $27,269

Other Revenue $16,370

TOTAL REVENUE $120,320

Expense Breakdown

Grants Paid $46,000

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $119,834

TOTAL EXPENSES $165,834

Year-over-Year Comparison

	2024	2023	Change
Revenue	$120,320	$141,003	-0.1%
Expenses	$165,834	$196,614	-0.2%
Net Income	$-45,514	$-55,611	-0.2%

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

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
BRIAN WASIELEWSKI	PRESIDENT	1.00	Officer Director	$0	$0	$0
MARK KLEINSCHMIDT	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JASON CHIPULES	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
CHAD SCHAFFER	DIRECTOR	1.00	Director	$0	$0	$0
JON SAMEK	DIRECTOR	1.00	Director	$0	$0	$0
MAX DOWD	DIRECTOR	1.00	Director	$0	$0	$0
JAMAAL WILLIS	DIRECTOR	1.00	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
2025	$120,320	$165,834	$416,067	$-45,514
2024	$141,003	$196,614	$452,214	$-55,611
2023	$105,496	$142,227	$483,312	$-36,731
2022	$135,266	$148,757	$529,640	$-13,491
2020	$160,075	$181,816	$552,434	$-21,741
2019	$156,596	$182,655	$534,056	$-26,059
2018	$157,418	$157,564	$585,105	$-146

ARCHITECTURAL IRONWORKERS INDUSTRY ADVANCEMENT FUND