IRON WORKERS LOCAL 67 DEFENSE FUND

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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

1909

Legal Domicile

Principal Officer

JAMES WATT

Phone

5152629366

Tax Period

2021-07-01 to 2022-04-04

IRON WORKERS LOCAL 67 DEFENSE FUND, founded in 1909, is a small nonprofit that reported $898K in total revenue in fiscal year 2021. The organization ran a surplus of $866K, a strong 96% operating margin.

Mission

PROTECT THE UNION AND PROVIDE BETTER WORKING STANDARDS FOR ITS MEMBERS.

Program Service Accomplishments

Program 1

PROVIDE FUNDS FOR LEGAL ASSISTANCE NEEDED TO PROTECT THE UNION AND WORKING STANDARDS FOR ITS MEMBERS.

Program 2

THE MARKET RECOVERY/PROMO FUND PROVIDES FUNDS FOR INDUSTRY PROMOTION, ORGANIZATIONAL DUTIES, AND PICKET DUTY.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $897,613

Investment Income $480

Other Revenue $0

TOTAL REVENUE $898,093

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $31,983

TOTAL EXPENSES $31,983

Year-over-Year Comparison

	2021	2020	Change
Revenue	$898,093	$884,185	+0.0%
Expenses	$31,983	$15,487	+1.1%
Net Income	$866,110	$868,698	0.0%

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

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

$364,813

Total Directors

$2,432

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES WATT	FIN SEC/BUS	45.00	Officer	$0	$80,340	$191,087
NICK FRANKLIN	PRESIDENT	45.00	Officer	$0	$76,229	$172,427
JAMES ALITZ	EXECUTIVE CO	1.00	Director	$0	$0	$2,432
JOE DURBY	VP SERG-AT-A	1.00	Officer	$0	$0	$1,299
SCOTT ALITZ	EXECUTIVE CO	1.00	Director	$0	$0	$0
HAROLD HATHAWAY	EXECUTIVE CO	1.00	Director	$0	$0	$0
ZACHARY LEE	EXEC COMM/EX	1.00	Director	$0	$0	$0
KENT SPIEKER	EXECUTIVE CO	1.00	Director	$0	$0	$0
RYAN CHIDESTER	EXAMINING CO	1.00	Officer	$0	$0	$0
DAVID CLARK	TRUSTEE	1.00	Officer	$0	$0	$0
ROBBY KING	TRUSTEE	1.00	Officer	$0	$0	$0
MASON MCGAFFIN	RECORDING SE	1.00	Officer	$0	$0	$0
KRISTOPHER SINK	TRUSTEE	1.00	Officer	$0	$0	$0
NATHAN WILLIAMS	EXAMINING CO	1.00	Officer	$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
2022	$898,093	$31,983	No data	$866,110
2021	$884,185	$15,487	$1,028,371	$868,698
2020	$1,401,604	$13,032	$1,159,673	$1,388,572
2019	$872,490	$119,217	$690,385	$753,273