BRIDGE STRUCTURAL ORNAMENTAL AND R… - Form 990 Financial Data

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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

1901

Legal Domicile

Principal Officer

CHARLIE FALKNER

Phone

4144769370

Tax Period

2023-07-01 to 2024-06-30

BRIDGE STRUCTURAL ORNAMENTAL AND REINFORCING IRON WORKERS LOCAL #8, founded in 1901, is a community nonprofit that reported $4.0M in total revenue in fiscal year 2023. Expenses of $6.6M exceeded revenue, resulting in a 65% operating deficit.

Mission

TO PROMOTE AND PROTECT THE INTERESTS OF ITS MEMBERSHIP BY PROVIDING EDUCATION, TRAINING, JOB PLACEMENT AND ORGANIZING WORKERS TO JOIN THE UNION.

Program Service Accomplishments

Program 1

TO ASSIST WORKERS UNDER ITS JURISDICTION FOR THE PURPOSE OF IMPROVING WAGES, HOURS AND WORKING CONDITIONS. PROGRAM EXPENSES ARE NOT APPLICABLE AS THIS IS A LABOR 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $210,367

Program Service Revenue $3,399,342

Investment Income $258,257

Other Revenue $123,214

TOTAL REVENUE $3,991,180

Expense Breakdown

Grants Paid $2,000,000

Salaries & Benefits $2,167,237

Fundraising Expenses $0

Other Expenses $2,413,069

TOTAL EXPENSES $6,580,306

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,991,180	$3,749,550	+0.1%
Expenses	$6,580,306	$3,447,030	+0.9%
Net Income	$-2,589,126	$302,520	-9.6%

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

$869,060

Total Directors

$251,802

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN RAUCH	PRESIDENT	2.00	Officer Director	$9,648	$3,920	$13,568
CHARLIE FALKNER	TREASURER/BUSINESS MANAGER	50.00	Officer Director	$122,786	$104,224	$227,010
JUAN ALVAREZ	EXAMINING BOARD/RECORDING	1.00	Officer Director	$3,030	$0	$3,030
TIMOTHY BRAWN	CONDUCTOR	1.00	Officer Director	$0	$0	$0
LESTER HANCOCK	EXECUTIVE BOARD	2.00	Officer Director	$0	$0	$0
RICHARD HANSON	EXECUTIVE BOARD	2.00	Officer Director	$750	$0	$750
GARY MATUSEK	EXECUTIVE BOARD	2.00	Officer Director	$2,944	$1,864	$4,808
TROY MOOSE	EXECUTIVE BOARD	2.00	Officer Director	$1,864	$97	$1,961
SAN JUAN YEPEZ JR	EXECUTIVE BOARD	2.00	Officer Director	$675	$0	$675
RICH KANGAS	VICE PRESIDENT	1.00	Officer	$3,074	$0	$3,074
BRIAN MCCAMBRIDGE	BUSINESS REPRESENTATIVE	45.00	Officer	$108,563	$95,370	$203,933
RICK VANDEN HEUVEL	BUSINESS REPRESENTATIVE	45.00	Officer	$109,103	$95,370	$204,473
TIMOTHY ROMAN	BUSINESS REPRESENTATIVE	45.00	Officer	$108,338	$95,370	$203,708
DON HART	EXAMINING BOARD	1.00	Officer	$0	$0	$0
DON STRESKE	EXAMINING BOARD/SGT-AT-ARM	1.00	Officer	$0	$0	$0
BRANDON JESKE	TRUSTEE	1.00	Officer	$0	$0	$0
JASON KALLIN	TRUSTEE	1.00	Officer	$990	$0	$990
CHELSEA TAPPA	TRUSTEE	1.00	Officer	$1,080	$0	$1,080
THOMAS KELLY	ORGANIZER	45.00	Highest	$108,338	$95,370	$203,708

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	$3,991,180	$6,580,306	$7,214,061	$-2,589,126
2023	$3,749,550	$3,447,030	$9,501,037	$302,520
2022	$3,459,035	$2,641,997	$8,958,773	$817,038
2021	$3,176,031	$2,650,191	$9,550,029	$525,840
2020	$3,653,213	$3,016,755	$8,184,751	$636,458
2019	$3,852,934	$3,126,441	$7,288,699	$726,493

BRIDGE STRUCTURAL ORNAMENTAL AND REINFORCING IRON WORKERS LOCAL #8