INTERNATIONAL UNION OF BRICKLAYERS LOCAL 1 WA-AK (EIN 464721336) - 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

2014

Legal Domicile

Principal Officer

LOWELL GLODOWSKI

Phone

2062082456

Tax Period

2024-01-01 to 2024-12-31

INTERNATIONAL UNION OF BRICKLAYERS LOCAL 1 WA-AK, founded in 2014, is a community nonprofit that reported $3.3M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.1M, a strong 33% operating margin.

Mission

THE INTERNATIONAL UNION OF BRICKLAYERS AND ALLIED CRAFTWORKERS LOCAL NO. 1 OF WESTERN WASHINGTON-ALASKA IS A LABOR UNION ESTABLISHED TO REPRESENT INDIVIDUALS WORKING IN VARIOUS EMPLOYMENT FIELDS, INCLUDING, BUT NOT LIMITED TO, MASONRY, PLASTERING, TERRAZZO AND TILE WORK.

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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 $2,567,362

Investment Income $622,025

Other Revenue $144,916

TOTAL REVENUE $3,334,303

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,137,327

Fundraising Expenses $0

Other Expenses $1,083,520

TOTAL EXPENSES $2,230,847

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,334,303	$2,836,142	+0.2%
Expenses	$2,230,847	$2,225,758	+0.0%
Net Income	$1,103,456	$610,384	+0.8%

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

N/A

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

$918,454

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LOWELL GLODOWSKI	President	40.00	Officer	$130,120	$68,716	$198,836
CORDELL FISCHER	Sec-Treasurer	40.00	Officer	$114,439	$68,461	$182,900
CHRISTOPHER ELLIS	Vice Chair	40.00	Officer	$113,122	$64,894	$178,016
JUAN TAPIA LOMBERA	Vice Chair	40.00	Officer	$112,890	$64,846	$177,736
ANGELA HENDERSON	Vice Chair	40.00	Officer	$112,890	$64,846	$177,736
JUSTIN FRANCE	Vice Chair	40.00	Officer	$2,031	$1,199	$3,230

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	$3,334,303	$2,230,847	$11,296,834	$1,103,456
2023	$2,836,142	$2,225,758	$10,222,536	$610,384
2022	$2,389,642	$2,002,594	$9,513,842	$387,048
2021	$2,527,436	$1,875,174	$9,217,431	$652,262
2020	$2,638,782	$1,700,868	$8,565,839	$937,914
2019	$917,066	$377,363	$7,715,817	$539,703
2018	$609,715	$269,059	$2,486,717	$340,656

INTERNATIONAL UNION OF BRICKLAYERS LOCAL 1 WA-AK