INT'L ASSN OF BRIDGE & STRUCTURAL AND ORNAMENTAL IRON WORKERS LOCAL 46

EIN: 370347329

SPRINGFIELD, IL

Total Revenue
$946,838
Total Expenses
$763,353
Total Assets
$1,574,030
Net Assets
$1,149,259
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1908
Legal Domicile
IL
Principal Officer
DENNIS SHEEDY
Phone
2175284041
Tax Period
2023-07-01 to 2024-06-30

INT'L ASSN OF BRIDGE & STRUCTURAL AND ORNAMENTAL IRON WORKERS LOCAL 46, founded in 1908, is a small nonprofit that reported $947K in total revenue in fiscal year 2023. Revenue surged 41% from the prior year, signaling strong growth momentum. The organization ran a surplus of $183K, a strong 19% operating margin.

Mission

TO PROVIDE AID TO MEMBERS IN PROTECTION OF THEIR RIGHTS REGARDING LABOR ISSUES.

Program Service Accomplishments

Program 1

THE LOCAL AIDED ITS MEMBERS IN THE PROTECTION OF THEIR LABOR RIGHTS AND PROVIDED ITS MEMBERS WITH BENEFITS SECURED ON THEIR BEHALF.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $908,981
Investment Income $29,037
Other Revenue $8,820
TOTAL REVENUE $946,838

Expense Breakdown

Grants Paid $23,864
Salaries & Benefits $343,693
Fundraising Expenses $0
Other Expenses $395,796
TOTAL EXPENSES $763,353

Year-over-Year Comparison

2023 2022 Change
Revenue $946,838 $672,978 +0.4%
Expenses $763,353 $676,459 +0.1%
Net Income $183,485 $-3,481 -53.7%
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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Governance

Voting Members
7
Independent Members
4
Employees
8
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
13
$342,059
Total Directors
8
$164,542
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DENNIS SHEEDY PRESIDENT & DISTRICT COUNC 27.50
Officer Director
$80,877 $78,065 $158,942
JEREMY CHAUDOIN RECORDING SECRETARY 17.50
Officer Director
$0 $0 $0
NATE BENNING EXECUTIVE BOARD 30.00
Officer Director
$0 $0 $0
BART GRAFTON EXECUTIVE BOARD 22.50
Officer Director
$0 $0 $0
JEFF SPALDING EXECUTIVE BOARD 27.50
Officer Director
$0 $0 $0
SHANE LANDERS EXECUTIVE BOARD & DISTRIC 30.00
Officer Director
$5,600 $0 $5,600
SCOTT MALLORY EXECUTIVE BOARD 25.00
Officer Director
$0 $0 $0
CRAIG GARRETT CONDUCTOR & SARGEANT AT AR 8.75
Officer Director
$0 $0 $0
BRIAN BASKETT BUSINESS MANAGER, FINANCIA 30.00
Officer
$96,414 $81,103 $177,517
CHAZ LANDERS VICE PRESIDENT 27.50
Officer
$0 $0 $0
HAROLD OSBORN TRUSTEE 8.75
Officer
$0 $0 $0
FRED BASKETT TRUSTEE 12.50
Officer
$0 $0 $0
MASON YOUNG TRUSTEE 11.25
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 $946,838 $763,353 $1,574,030 $183,485
2023 $672,978 $676,459 $1,316,880 $-3,481
2022 $839,613 $701,740 $1,329,389 $137,873
2021 $687,936 $560,759 $1,094,966 $127,177
2020 $639,943 $552,271 $934,543 $87,672
2019 $665,500 $553,850 $814,505 $111,650
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