BRIDGE STRUCTURAL & ORNAMENTAL IRON WORKERS LOCAL #25

EIN: 380679172

NOVI, MI

Total Revenue
$10,441,390
Total Expenses
$7,053,139
Total Assets
$28,759,284
Net Assets
$28,718,933
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1901
Legal Domicile
MI
Principal Officer
MICHAEL J RANDICK
Phone
2483449494
Tax Period
2024-07-01 to 2025-06-30

BRIDGE STRUCTURAL & ORNAMENTAL IRON WORKERS LOCAL #25, founded in 1901, is a mid-sized nonprofit that reported $10.4M in total revenue in fiscal year 2024. The organization ran a surplus of $3.4M, a strong 32% operating margin.

Mission

TO PROMOTE A HIGHER STANDARD OF SKILL WITHIN THE TRADE ALONG WITH COMPENSATION COMMENSURATE WITH THE WORK PERFORMED, AND CULTIVATE THE WELL-BEING OF ITS MEMBERS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $9,406,803
Investment Income $879,138
Other Revenue $155,449
TOTAL REVENUE $10,441,390

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,094,308
Fundraising Expenses $0
Other Expenses $3,891,731
TOTAL EXPENSES $7,053,139

Year-over-Year Comparison

2024 2023 Change
Revenue $10,441,390 $9,953,068 +0.0%
Expenses $7,053,139 $6,981,058 +0.0%
Net Income $3,388,251 $2,972,010 +0.1%
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
10
Independent Members
N/A
Employees
27
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
10
$1,725,596
Total Directors
10
$1,725,596
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL J RANDICK BUSINESS MANAGER 39.50
Officer Director
$133,424 $54,022 $187,446
DENNIS A AGUIRE PRESIDENT 39.50
Officer Director
$124,171 $49,811 $173,982
JAMES HORVATH II VICE PRESIDENT 39.50
Officer Director
$123,391 $49,811 $173,202
DOUGLAS CRAIG WASHBURN BUSINESS AGENT 40.00
Officer Director
$124,675 $49,811 $174,486
WAYNE E COFFELL BUSINESS AGENT 40.00
Officer Director
$122,483 $49,811 $172,294
RICHARD STRICKLIN BUSINESS AGENT 40.00
Officer Director
$124,007 $49,811 $173,818
TIM BRENNAN BUSINESS AGENT 40.00
Officer Director
$105,048 $42,410 $147,458
BENJAMIN DODSON BUSINESS AGENT 40.00
Officer Director
$124,493 $49,811 $174,304
MICHAEL CHRISTENSEN BUSINESS AGENT 40.00
Officer Director
$125,377 $49,811 $175,188
MARK ELLUL BUSINESS AGENT 40.00
Officer Director
$123,607 $49,811 $173,418
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 $10,441,390 $7,053,139 $28,759,284 $3,388,251
2024 $9,953,068 $6,981,058 $25,372,917 $2,972,010
2023 $9,436,297 $6,977,210 $22,598,471 $2,459,087
2022 $9,087,563 $6,379,222 $19,799,984 $2,708,341
2021 $9,168,872 $6,301,217 $16,954,825 $2,867,655
2020 $7,747,539 $6,256,138 $14,259,123 $1,491,401
2019 $7,317,968 $6,055,901 $12,761,932 $1,262,067
2018 $7,809,404 $5,533,529 $11,505,358 $2,275,875
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