LOCAL UNION NO 5 OF THE INT'L ASSOC OF BRIDGE STRUCT & ORNAMENT IRON WORKERS (EIN 530088285) - 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

1901

Legal Domicile

Principal Officer

GARY ARMSTRONG

Phone

3015990960

Tax Period

2024-07-01 to 2025-06-30

LOCAL UNION NO 5 OF THE INT'L ASSOC OF BRIDGE STRUCT & ORNAMENT IRON WORKERS, founded in 1901, is a community nonprofit that reported $3.9M in total revenue in fiscal year 2024. Net assets of $11.9M represent 36 months of operating reserves.

Mission

LABOR UNION THAT REPRESENTS ITSMEMBERS IN WAGES, SALARY, BENEFITS AND JOB SECURITY.

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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 $3,297,171

Investment Income $62,763

Other Revenue $548,366

TOTAL REVENUE $3,908,300

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,503,640

Fundraising Expenses $0

Other Expenses $2,542,333

TOTAL EXPENSES $4,045,973

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,908,300	$3,893,958	+0.0%
Expenses	$4,045,973	$4,390,725	-0.1%
Net Income	$-137,673	$-496,767	-0.7%

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

$625,864

Total Directors

$12,663

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY ARMSTRONG	EXECUTIVE BOARD	1.00	Director	$3,600	$0	$3,600
TODD ALLEN	EXECUTIVE BOARD	1.00	Director	$0	$0	$0
DARRYL CROSS	EXECUTIVE BOARD	1.00	Director	$0	$0	$0
MICHAEL EDELEN	EXECUTIVE BOARD	1.00	Director	$2,079	$0	$2,079
DAVID WASHINGTON	EXECUTIVE BOARD	1.00	Director	$1,905	$0	$1,905
PHILLIP WARD	SERGEANT AT ARMS	1.00	Director	$0	$0	$0
NATHAN MERHIGE	RECORDING SECRETARY	1.00	Director	$5,079	$0	$5,079
TODD RUSSO	EXAMINING COMMITTEE	1.00	Director	$0	$0	$0
SHAWN KAPASKA	EXAMINING COMMITTEE	1.00	Director	$0	$0	$0
JONATHAN REED	EXAMINING COMMITTEE	1.00	Director	$0	$0	$0
TYLER MCNAIR	CONDUCTOR	1.00	Director	$0	$0	$0
AARON BAST	BUSINESS MANAGER/FST	50.00	Officer	$148,663	$97,225	$245,888
WILLIAM BECKMAN	VICE PRESIDENT	45.00	Officer	$120,002	$50,375	$170,377
RAYMOND CLELAND	PRESIDENT	45.00	Officer	$124,628	$84,971	$209,599
CARLOS E PORTILLO	ORGANIZER	45.00	Highest	$127,907	$52,871	$180,778
LARRY LUIS	BUSINESS AGENT	45.00	Highest	$122,787	$85,301	$208,088
SERHAN I AJAJ	ORGANIZER	45.00	Highest	$120,449	$86,887	$207,336
RYAN MARSHALL	ORGANIZER	45.00	Highest	$123,087	$85,421	$208,508

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	$3,908,300	$4,045,973	$16,113,263	$-137,673
2024	$3,893,958	$4,390,725	$17,004,168	$-496,767
2023	$4,237,531	$4,274,940	$18,291,879	$-37,409
2022	$4,534,895	$4,496,405	$18,799,620	$38,490
2021	$5,460,953	$4,296,297	$19,795,267	$1,164,656
2020	$6,646,124	$5,205,510	$20,344,548	$1,440,614
2019	$4,585,747	$3,736,161	$15,181,822	$849,586

LOCAL UNION NO 5 OF THE INT'L ASSOC OF BRIDGE STRUCT & ORNAMENT IRON WORKERS