BRIDGE STRUCTURAL & ORNAMENTAL IRON WORKERS LABOR TEMPLE CORP

EIN: 382530216

NOVI, MI

Total Revenue
$446,361
Total Expenses
$222,834
Total Assets
$1,128,976
Net Assets
$1,127,276
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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
1942
Legal Domicile
MI
Principal Officer
MICHAEL J RANDICK
Phone
2483449494
Tax Period
2022-07-01 to 2023-06-30

BRIDGE STRUCTURAL & ORNAMENTAL IRON WORKERS LABOR TEMPLE CORP, founded in 1942, is a small nonprofit that reported $446K in total revenue in fiscal year 2022. Revenue surged 208% from the prior year, signaling strong growth momentum. The organization ran a surplus of $224K, a strong 50% operating margin.

Mission

THE ORGANIZATION IS TO HOLD AND OPERATE ALL LAND AND BUILDINGS OWNED BY THE LOCAL UNION

Program Service Accomplishments

Program 1

THE ORGANIZATION HELD AND MAINTAINED THE LAND AND BUILDING USED BY THE LOCAL UNION TO CONDUCT THE DAY TO DAY OPERATIONS OF THE UNION

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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 (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $144,000
Investment Income $301,033
Other Revenue $1,328
TOTAL REVENUE $446,361

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $222,834
TOTAL EXPENSES $222,834

Year-over-Year Comparison

2022 2021 Change
Revenue $446,361 $144,962 +2.1%
Expenses $222,834 $212,619 +0.0%
Net Income $223,527 $-67,657 -4.3%
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

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Governance

Voting Members
2
Independent Members
N/A
Employees
N/A
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
3
$510,500
Total Directors
3
$510,500
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL RANDICK BUSINESS MANAGER 0.50
Officer Director
$0 $52,723 $178,733
DENNIS AGUIRRE PRESIDENT 0.50
Officer Director
$0 $49,193 $166,766
JAMES HORVATH II VICE PRESIDENT 0.50
Officer Director
$0 $48,672 $165,001
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 No data No data No data No data
2023 $446,361 $222,834 $1,128,976 $223,527
2022 $144,962 $212,619 $1,236,335 $-67,657
2021 $129,270 $173,757 $1,918,516 $-44,487
2020 $145,601 $189,643 $1,324,669 $-44,042
2019 $141,493 $237,178 $1,364,712 $-95,685
2018 $144,543 $264,270 $1,456,779 $-119,727
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