CUMBERLAND, MD
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)INTERNATIONAL ASSOCIATION OF BRIDGE STRUCTURAL IRON WORKERS LOCAL 568, founded in 1937, is a small nonprofit that reported $741K in total revenue in fiscal year 2024. Revenue surged 79% from the prior year, signaling strong growth momentum. The organization ran a surplus of $223K, a strong 30% operating margin.
THE UNION'S PURPOSE IS TO ENCOURAGE AND DEVELOP A HIGHER STANDARD OF SKILL, TO EQUITABLY DISTRIBUTE OPPORTUNITIES OF EMPLOYMENT, TO SECURE BY LEGAL AND PROPER MEANS PAY COMMENSURATE WITH THE HAZARDS ENDURED BY THE MEMBERS IN THE PERFORMANCE OF THEIR TRADE, TO DISCOURAGE PIECE WORK, TO PROMOTE SAFE AND REASONABLE METHODS AT WORK, AND TO CULITIVATE MORAL, INTELLECTUAL AND SOCIAL CONDITIONS FOR THE WELL BEING OF ALL ITS MEMBERS AND THEIR FAMILIES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $741,278 | $413,801 | +0.8% |
| Expenses | $518,641 | $438,651 | +0.2% |
| Net Income | $222,637 | $-24,850 | -10.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| DANIEL W CESSNA | TREASURER/BU | 45.00 |
Officer
Director
|
$80,854 | $70,912 | $151,766 |
| ERIC HUGHES | PRESIDENT | 1.00 |
Officer
Director
|
$1,810 | $1,160 | $41,116 |
| DENNIS L MCGANN II | REC SECRETAR | N/A |
Officer
Director
|
$0 | $0 | $4,334 |
| STEPHEN MCCARLEY | EXECUTIVE CO | N/A |
Officer
Director
|
$0 | $198 | $198 |
| GERALD L ALDRIDGE | SERGEANT-AT- | N/A |
Officer
Director
|
$0 | $0 | $0 |
| HARRY VR CARNELL | EXECUTIVE CO | N/A |
Officer
Director
|
$0 | $0 | $0 |
| WILLIAM J CREEGAN | TRUSTEE | N/A |
Officer
Director
|
$0 | $0 | $0 |
| TIMOTHY J STOREY II | EXECUTIVE CO | N/A |
Officer
Director
|
$0 | $0 | $0 |
| RICHARD E BLAIR JR | TRUSTEE | N/A |
Officer
Director
|
$0 | $0 | $0 |
| JASON KARPA | TRUSTEE | N/A |
Officer
Director
|
$0 | $0 | $0 |
| RYAN KENNELL | VICE PRESIDE | N/A |
Officer
Director
|
$0 | $0 | $0 |
| BRENNAN KETTERMAN | EXECUTIVE CO | N/A |
Officer
Director
|
$0 | $0 | $0 |
| JAMES MCKENZIE | EXECUTIVE CO | N/A |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $741,278 | $518,641 | $457,291 | $222,637 |
| 2024 | $413,801 | $438,651 | $229,046 | $-24,850 |
| 2023 | $317,083 | $470,892 | $235,112 | $-153,809 |
| 2022 | $436,714 | $513,836 | $379,433 | $-77,122 |
| 2021 | $319,262 | $427,352 | $496,610 | $-108,090 |
| 2020 | $398,708 | $424,744 | $516,847 | $-26,036 |
| 2019 | $506,269 | $457,371 | $559,941 | $48,898 |
Compare INTERNATIONAL ASSOCIATION OF BRIDGE STRUCTURAL IRON WORKERS LOCAL 568 with other nonprofits in Maryland and across the country.