INTL ASSOC OF BRIDGE STRUCTURAL AND ORNAMENTAL IRONWORKERS LOCAL 89 (EIN 420336965) - 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

Principal Officer

SETH GORMAN

Phone

3193658675

Tax Period

2024-07-01 to 2025-06-30

INTL ASSOC OF BRIDGE STRUCTURAL AND ORNAMENTAL IRONWORKERS LOCAL 89 is a community nonprofit that reported $1.5M in total revenue in fiscal year 2024. Expenses of $1.4M left a modest 10% surplus.

Mission

TO PROVIDE BENEFITS AND SUPPORT FOR MEMBERS, INCLUDING WORKING UNDER A COLLECTIVE BARGAINING AGREEMENT PROVIDING BETTER PAY, BETTER HEALTH AND RETIREMENT BENEFITS, JOB SECURITY AND SAFE WORKING CONDITIONS.

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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 $142,746

Program Service Revenue $876,698

Investment Income $36,007

Other Revenue $471,041

TOTAL REVENUE $1,526,492

Expense Breakdown

Grants Paid $0

Salaries & Benefits $476,595

Fundraising Expenses $0

Other Expenses $413,097

TOTAL EXPENSES $1,378,365

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,526,492	$1,525,381	+0.0%
Expenses	$1,378,365	$1,261,541	+0.1%
Net Income	$148,127	$263,840	-0.4%

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

$200,401

Total Directors

$201,304

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SETH GORMAN	FIN SEC/BUS MGR	45.00	Officer Director	$107,886	$81,644	$189,530
STEVEN COLESON	President	1.00	Officer Director	$4,199	$2,795	$6,994
KEVIN KNEPPER	Vice President	1.00	Officer Director	$2,405	$1,472	$3,877
JOE DELANEY	Trustee	1.00	Director	$535	$368	$903
ADAM RICHARDS	SGT-AT-ARMS	1.00	Officer Director	$0	$0	$0
BROCK MUNSON	Secretary	1.00	Officer Director	$0	$0	$0
DYLAN SCHMITZ	EXECUTIVE BOARD	1.00	Director	$0	$0	$0
LUIS MARMOLEJO	Trustee	1.00	Director	$0	$0	$0
MIKE KELLEY	EXECUTIVE BOARD	1.00	Director	$0	$0	$0
MAX WACHA	EXECUTIVE BOARD	1.00	Director	$0	$0	$0
DEION STUDEBAKER	EXECUTIVE BOARD	1.00	Director	$0	$0	$0
CODY HONN	EXECUTIVE BOARD	1.00	Director	$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	$1,526,492	$1,378,365	$2,127,142	$148,127
2024	$1,525,381	$1,261,541	$1,944,752	$263,840
2023	$1,325,403	$1,229,652	$1,685,892	$95,751
2022	$1,169,729	$1,207,331	$1,575,158	$-37,602
2021	$1,543,696	$1,492,155	$1,823,496	$51,541
2020	$685,522	$693,835	$1,769,317	$-8,313
2019	$895,479	$790,289	$1,744,185	$105,190

INTL ASSOC OF BRIDGE STRUCTURAL AND ORNAMENTAL IRONWORKERS LOCAL 89