INTERNATIONAL ASSOC B S & D IRONWORKERS 451 APPRENTICE & TRAINING (EIN 516018413) - 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

2024-07-01 to 2025-06-30

INTERNATIONAL ASSOC B S & D IRONWORKERS 451 APPRENTICE & TRAINING, founded in 1934, is a micro nonprofit that reported $71K in total revenue in fiscal year 2024. Revenue fell 51% from the prior year — a significant decline worth monitoring. Expenses of $127K exceeded revenue, resulting in a 80% operating deficit.

Mission

Training of members.

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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 $70,585

Investment Income $9

Other Revenue $0

TOTAL REVENUE $70,594

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,270

Fundraising Expenses $0

Other Expenses $103,610

TOTAL EXPENSES $127,219

Year-over-Year Comparison

	2024	2023	Change
Revenue	$70,594	$144,261	-0.5%
Expenses	$127,219	$80,990	+0.6%
Net Income	$-56,625	$63,271	-1.9%

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

Total Directors

Key Employees

$199,223

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Adam Short	Employer Trustee	1.00	Director	$0	$0	$0
Charles Emmons	Employer Trustee	1.00	Director	$0	$0	$0
Richard Jordan	Union Trustee / Apprentice Coordinator	40.00	Key Emp	$0	$93,600	$199,223
Steve Sweeney	Union Trustee	5.00	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	$70,594	$127,219	$205,654	$-56,625
2024	$144,261	$80,990	$263,079	$63,271
2023	$156,668	$170,735	$200,058	$-14,067
2022	$159,570	$159,701	$204,375	$-131
2022	$159,570	$210,101	$214,125	$-50,531
2021	$177,327	$228,212	$251,986	$-50,885
2020	$164,574	$235,952	$305,360	$-71,378
2019	$195,077	$243,398	$376,428	$-48,321
2018	$198,281	$251,777	$440,784	$-53,496

INTERNATIONAL ASSOC B S & D IRONWORKERS 451 APPRENTICE & TRAINING