INTL ASSOC OF BRIDGE STRUCTURAL AND ORNAMENTAL IRONWORKERS LOCAL 89

EIN: 420336965

CEDAR RAPIDS, IA

Total Revenue
$1,526,492
Total Expenses
$1,378,365
Total Assets
$2,127,142
Net Assets
$1,839,766
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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.

Program Service Accomplishments

Program 1

TO COLLECTIVELY REPRESENT THE MEMBERS IN NEGOTIATIONS, PROMOTE WORKERS SAFETY, AND IMPROVE 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%)

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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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Governance

Voting Members
7
Independent Members
6
Employees
11
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
5
$200,401
Total Directors
12
$201,304
Key Employees
0
$0
Highest Compensated
0
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
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