IRON WORKERS LOCAL UNION 112 (EIN 370347320) - 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

JASON EMERICK

Phone

3096996489

Tax Period

2023-07-01 to 2024-06-30

IRON WORKERS LOCAL UNION 112, founded in 1907, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2023. The organization ran a surplus of $219K, a strong 20% operating margin.

Mission

SUPPORT AND ALLEGIANCE TO THE INTERNATIONAL ASSOCIATION OF BRIDGE, STRUCTURAL, ORNAMENTAL & REINFORCING IRON WORKERS

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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 $1,021,743

Investment Income $62,023

Other Revenue $0

TOTAL REVENUE $1,083,766

Expense Breakdown

Grants Paid $0

Salaries & Benefits $527,569

Fundraising Expenses $0

Other Expenses $320,635

TOTAL EXPENSES $865,204

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,083,766	$1,124,484	0.0%
Expenses	$865,204	$802,603	+0.1%
Net Income	$218,562	$321,881	-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

$395,469

Total Directors

$10,009

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JASON WALLACE	PRESIDENT	1.00	Officer Director	$3,989	$0	$3,989
JOSEPH REISING	RECORDING SECRETARY	1.00	Officer Director	$6,020	$0	$6,020
ROBERT LYNN	EXECUTIVE COMMITTEE	1.00	Officer Director	$0	$0	$0
MARK GODBEY	EXECUTIVE COMMITTEE	1.00	Officer Director	$0	$0	$0
JUSTIN RODGERS	EXECUTIVE COMMITTEE	1.00	Officer Director	$0	$0	$0
NICHOLAS GARRARD	EXECUTIVE COMMITTEE	1.00	Officer Director	$0	$0	$0
KASEY CLOUSE	EXECUTIVE COMMITTEE	1.00	Officer Director	$0	$0	$0
JASON EMERICK	FIN SEC-TREAS/BUSINESS MAN	45.00	Officer	$112,810	$93,558	$206,368
BRETT COOK	VICE PRESIDENT/JATC COORDI	1.00	Officer	$93,624	$85,468	$179,092
CHRIS RILEY	SGT AT ARMS/TRUSTEE	1.00	Officer	$0	$0	$0
JON KAUFMAN	TRUSTEE	1.00	Officer	$0	$0	$0
DANNY BUDKE	TRUSTEE/EXAMINING COMMITTEE	1.00	Officer	$0	$0	$0
DYLAN LEMONS	EXAMINING COMMITTEE	1.00	Officer	$0	$0	$0
TONY KAMP	EXAMINING COMMITTEE	1.00	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
2025	No data	No data	No data	No data
2024	$1,083,766	$865,204	$2,516,862	$218,562
2023	$1,124,484	$802,603	$2,257,696	$321,881
2022	$1,063,187	$768,210	$1,910,824	$294,977
2021	$1,175,204	$737,943	$1,681,735	$437,261
2020	$771,503	$662,957	$1,189,768	$108,546
2019	$678,504	$658,638	$1,095,039	$19,866

IRON WORKERS LOCAL UNION 112