Int'l Assoc of Bridge Structural & Ornamental Iron Workers Local 451 (EIN 510025590) - 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

1934

Legal Domicile

Principal Officer

Richard Jordan

Phone

3029940946

Tax Period

2023-07-01 to 2024-06-30

Int'l Assoc of Bridge Structural & Ornamental Iron Workers Local 451, founded in 1934, is a small nonprofit that reported $941K in total revenue in fiscal year 2023. Revenue grew 20% year-over-year, indicating healthy expansion. The organization ran a surplus of $315K, a strong 33% operating margin.

Mission

To provide training and job placement for members in positions covered under the collective bargaining agreement.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $832,746

Investment Income $3,140

Other Revenue $105,161

TOTAL REVENUE $941,047

Expense Breakdown

Grants Paid $0

Salaries & Benefits $257,950

Fundraising Expenses $0

Other Expenses $195,044

TOTAL EXPENSES $626,102

Year-over-Year Comparison

	2023	2022	Change
Revenue	$941,047	$784,270	+0.2%
Expenses	$626,102	$1,230,502	-0.5%
Net Income	$314,945	$-446,232	-1.7%

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

$185,287

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Stephen Sweeney	Administrator	5.00	Director	$0	$0	$0
Richard Jordan	Business Manager	40.00	Officer	$96,896	$88,391	$185,287

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	$941,047	$626,102	$1,081,485	$314,945
2023	$784,270	$1,230,502	$766,071	$-446,232
2022	$901,245	$936,447	$1,216,662	$-35,202
2021	$810,034	$1,016,175	$1,250,709	$-206,141
2020	$831,368	$902,378	$1,455,304	$-71,010
2019	$736,498	$994,358	$1,527,925	$-257,860
2018	$943,947	$1,174,210	$1,785,453	$-230,263

Int'l Assoc of Bridge Structural & Ornamental Iron Workers Local 451