IRON WORKERS INDUSTRY ADVANCEMENT FUND OF BALTIMORE MD

EIN: 521127066

LUTHERVILLE, MD

Total Revenue
$103,066
Total Expenses
$15,945
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1977
Legal Domicile
MD
Principal Officer
James Ayersman
Phone
4102936363
Tax Period
2020-04-01 to 2021-03-31

IRON WORKERS INDUSTRY ADVANCEMENT FUND OF BALTIMORE MD, founded in 1977, is a small nonprofit that reported $103K in total revenue in fiscal year 2020. Revenue surged 409% from the prior year, signaling strong growth momentum. The organization ran a surplus of $87K, a strong 85% operating margin.

Mission

The "Fund" shall be used to protect, promote, foster, and advance the interests of employers and employees engaged in the fabrication, erection and placing of steel and miscellaneous and architectural metals in the Baltimore, Maryland area.

Program Service Accomplishments

Program 1
Expenses: $0

To foster and provide for the safety, education and training of personnel engaged in the iron worker industry, i.e. support of union sponsored apprenticeship, safety, training programs and other...

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To foster and provide for the safety, education and training of personnel engaged in the iron worker industry, i.e. support of union sponsored apprenticeship, safety, training programs and other educational programs.This is done by giving monetary assistance to the Joint Apprenticeship Training Committee (JATC), operated by Ironworkers Local Union 5.

Program 2
Expenses: $6,186

To advocate for the iron workers who were union members of Baltimore Iron Workers Local #16(Baltimore, MD)and monitor and assist with the merging of their various benefit funds with the Iron Workers...

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To advocate for the iron workers who were union members of Baltimore Iron Workers Local #16(Baltimore, MD)and monitor and assist with the merging of their various benefit funds with the Iron Workers Local #5 (District of Columbia). The funds involved are: Pension Fund, Annuity Fund, Health and Welfare Fund, Vacation Fund, Industry Advancement Fund.

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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%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $103,066
Other Revenue $0
TOTAL REVENUE $103,066

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,042
Fundraising Expenses $0
Program Expenses $6,186
Other Expenses $9,903
TOTAL EXPENSES $15,945

Year-over-Year Comparison

2020 2019 Change
Revenue $103,066 $20,253 +4.1%
Expenses $15,945 $49,928 -0.7%
Net Income $87,121 $-29,675 -3.9%
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

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Governance

Voting Members
2
Independent Members
2
Employees
1
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
0
$0
Total Directors
2
$6,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ronald F Mantegna Trustee 1.00
Director
$6,000 $0 $6,000
James Ayersman Trustee 1.00
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
2021 $103,066 $15,945 No data $87,121
2020 $20,253 $49,928 $225,694 $-29,675
2019 $14,890 $96,979 $284,584 $-82,089
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