INT'L ASSOC OF BRIDGE STRUCTURAL OR- NAMENTAL & REINFORCING IRON WORKERS #512 (EIN 410328882) - 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

1937

Legal Domicile

Principal Officer

BARRY DAVIES

Phone

6514891488

Tax Period

2024-07-01 to 2025-06-30

INT'L ASSOC OF BRIDGE STRUCTURAL OR- NAMENTAL & REINFORCING IRON WORKERS #512, founded in 1937, is a community nonprofit that reported $6.7M in total revenue in fiscal year 2024. Expenses of $6.0M left a modest 10% surplus.

Mission

TO PROMOTE THE MATERIAL AND INTELLECTUAL WELFARE OF MEMBERS AND THEIR FAMILIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $6,226,877

Investment Income $475,189

Other Revenue $36,646

TOTAL REVENUE $6,738,712

Expense Breakdown

Grants Paid $66,505

Salaries & Benefits $2,461,202

Fundraising Expenses $0

Other Expenses $3,401,123

TOTAL EXPENSES $6,049,055

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,738,712	$6,683,878	+0.0%
Expenses	$6,049,055	$5,842,450	+0.0%
Net Income	$689,657	$841,428	-0.2%

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

$1,479,978

Total Directors

$227,253

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TROY SEBION	PRESIDENT	1.00	Officer Director	$9,496	$0	$9,496
JEREMY LAMBERT	VICE PRESIDENT	1.00	Officer Director	$101,953	$94,813	$196,766
JOSH CATURIA	RECORDING SECRETARY	1.00	Officer Director	$8,785	$0	$8,785
WILLIAM MARTINEZ	TRUSTEE	1.00	Director	$810	$0	$810
KYLE PONCELET	TRUSTEE	1.00	Director	$810	$0	$810
JOHANNA HEATH	TRUSTEE	1.00	Director	$137	$0	$137
SHANE BILLMEYER	SERGEANT-AT-ARMS	1.00	Director	$743	$0	$743
JOHN KELLEY	EXAMINING COMMITTEE MEMBER	1.00	Director	$0	$0	$0
LUKE STEFFENS	EXAMINING COMMITTEE MEMBER	1.00	Director	$0	$0	$0
MAX DAVIES	EXAMINING COMMITTEE MEMBER	1.00	Director	$0	$0	$0
ANDY SANDBERG	EXECUTIVE BOARD MEMBER	1.00	Director	$1,884	$0	$1,884
ZACH HEISERMAN	EXECUTIVE BOARD MEMBER	1.00	Director	$1,888	$0	$1,888
SAM GAVITT	EXECUTIVE BOARD MEMBER	1.00	Director	$1,754	$0	$1,754
RYAN STEPKA	EXECUTIVE BOARD MEMBER	1.00	Director	$2,023	$0	$2,023
PAT OLSON	EXECUTIVE BOARD MEMBER	1.00	Director	$2,157	$0	$2,157
BARRY DAVIES	BUSINESS MANAGER - FIN SEC	48.00	Officer	$141,355	$102,693	$244,048
MICHAEL MAHOWALD	BUSINESS AGENT	45.00	Officer	$122,977	$99,017	$221,994
KEITH MUSOLF	BUSINESS AGENT	45.00	Officer	$121,655	$98,753	$220,408
NICKLAUS PETRUCELLE	BUSINESS AGENT	45.00	Officer	$122,013	$98,825	$220,838
JOSHUA KALINA	BUSINESS AGENT	45.00	Officer	$122,647	$98,951	$221,598
ERIC HOFFMAN	BUSINESS AGENT	45.00	Officer	$16,016	$0	$16,016
COBY KLEIN	BUSINESS AGENT	45.00	Officer	$120,029	$0	$120,029
PETER TIEGLAND	TRAINING DIRECTOR	45.00	Highest	$121,218	$98,666	$219,884

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	$6,738,712	$6,049,055	$16,486,949	$689,657
2024	$6,683,878	$5,842,450	$14,952,127	$841,428
2023	$5,974,704	$5,931,198	$13,422,866	$43,506
2022	$5,854,460	$5,475,813	$12,903,069	$378,647
2021	$5,827,690	$5,355,810	$14,390,091	$471,880
2020	$5,959,594	$5,140,337	$12,932,118	$819,257
2019	$5,916,958	$5,365,312	$12,064,165	$551,646
2018	$5,172,010	$4,645,404	$11,384,203	$526,606

INT'L ASSOC OF BRIDGE STRUCTURAL OR- NAMENTAL & REINFORCING IRON WORKERS #512