IRONWORKERS LOCAL 392 (EIN 370347315) - 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

1924

Legal Domicile

Principal Officer

JOHN SCHMITT

Phone

6188740313

Tax Period

2023-07-01 to 2024-06-30

IRONWORKERS LOCAL 392, founded in 1924, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $2.2M left a modest 7% surplus.

Mission

LABOR REPRESENTATION FOR MEMBERS AND THEIR MUTUAL BENEFIT

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,528,246

Investment Income $696,823

Other Revenue $173,753

TOTAL REVENUE $2,398,822

Expense Breakdown

Grants Paid $99,837

Salaries & Benefits $823,152

Fundraising Expenses $0

Program Expenses $1,903,443

Other Expenses $924,451

TOTAL EXPENSES $2,242,270

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,398,822	$1,925,638	+0.2%
Expenses	$2,242,270	$1,957,658	+0.1%
Net Income	$156,552	$-32,020	-5.9%

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

$357,917

Total Directors

$35,712

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEREK ZIRKELBACH	EXEC BOARD	5.00	Director	$1,526	$0	$1,526
KYLE RIST	VICE PRESIDENT	5.00	Director	$3,224	$0	$3,224
KYLE GRANGER	SARGENT AT ARMS	5.00	Director	$858	$0	$858
LOREN SCHELLER	EXEC BOARD	5.00	Director	$2,152	$0	$2,152
MATTHEW LESLIE	EXEC BOARD	5.00	Director	$1,630	$0	$1,630
MATTHEW CLEVELAND	EXEC BOARD	5.00	Director	$2,922	$0	$2,922
MICHAEL KEELING	EXEC BOARD	5.00	Director	$1,804	$0	$1,804
MICHAEL JACKSON	TRUSTEE	5.00	Director	$634	$0	$634
ALISSA HELFRICH	EXAMING BOARD	5.00	Director	$1,034	$0	$1,034
BRENT ANDERSON	TRUSTEE	5.00	Director	$876	$0	$876
CHAD KEMPFER	EXEC BOARD	5.00	Director	$1,403	$0	$1,403
LUKE HEWITT	EXEC BOARD	5.00	Director	$1,735	$0	$1,735
RICHARD STAMER JR	DELEGATE	5.00	Director	$1,238	$0	$1,238
CAITLIN FOX	ELECTION JUDGE	5.00	Director	$1,205	$0	$1,205
DENNIS HOOKER	ELECTION JUDGE	5.00	Director	$1,205	$0	$1,205
JEREMY LANGE	EXAMING BOARD	5.00	Director	$792	$0	$792
KYLE JOHNSON	RECORDING SECRETARY	5.00	Director	$6,999	$0	$6,999
MATTHEW MAULDING	ELECTION JUDGE/DELEGATE	5.00	Director	$2,207	$0	$2,207
ROBERTO OTERO	ELECTION JUDGE	5.00	Director	$1,205	$0	$1,205
SARAH HERMSDORFER	ELECTION JUDGE	5.00	Director	$1,063	$0	$1,063
JOHN SCHMITT	BUSINESS AGENT	50.00	Officer	$119,224	$0	$119,224
JOHN HERRINGTON	PRESIDENT	50.00	Officer	$119,127	$0	$119,127
GREG KAPP	VICE PRESIDENT	50.00	Officer	$119,566	$0	$119,566

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	$2,398,822	$2,242,270	$15,422,780	$156,552
2023	$1,925,638	$1,957,658	$14,188,464	$-32,020
2022	$2,282,284	$1,791,011	$13,067,654	$491,273
2021	$2,029,605	$1,878,153	$12,552,465	$151,452
2020	$1,636,433	$1,676,976	$12,396,409	$-40,543

IRONWORKERS LOCAL 392