INTL ASSOCIATION BRIDGE STRCTRL IRONWORKERS LOCAL 28 (EIN 540411709) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1901

Legal Domicile

Principal Officer

MICHAEL K POOLE

Phone

8047162081

Tax Period

2024-07-01 to 2025-06-30

INTL ASSOCIATION BRIDGE STRCTRL IRONWORKERS LOCAL 28, founded in 1901, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2018. Revenue surged 32% from the prior year, signaling strong growth momentum. The organization ran a surplus of $698K, a strong 50% operating margin.

Mission

THE ORGANIZATION IS A LABOR UNION DESIGNED TO PROMOTE THE SAFETY AND WELFARE OF ITS MEMBERS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,415,793

Investment Income $161,278

Other Revenue $307,046

TOTAL REVENUE $1,884,117

Expense Breakdown

Grants Paid $0

Salaries & Benefits $514,724

Fundraising Expenses $0

Other Expenses $553,525

TOTAL EXPENSES $1,080,999

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,884,117	$2,022,099	-0.1%
Expenses	$1,080,999	$953,420	+0.1%
Net Income	$803,118	$1,068,679	-0.2%

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

$244,669

Total Directors

$468,658

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL W LAMBERT	PRESIDENT	1.00	Officer Director	$0	$0	$0
DELTON HAIRFIELD JR	VICE-PRESIDE	1.00	Officer Director	$66,266	$51,321	$117,587
MICHAEL K POOLE	FIN. SEC./TR	40.00	Officer Director	$75,241	$51,841	$127,082
MACON INGRAM	RECORDING SE	1.00	Officer Director	$0	$0	$0
CHAD RUBBICCO	BUSINESS AGE	1.00	Director	$0	$48,767	$115,483
WILLIAM BALLOWE	EXECUTIVE CO	1.00	Director	$0	$0	$0
CRYSTAL CATLETT	EXECUTIVE CO	1.00	Director	$0	$0	$0
MAYNARD CONNER	EXECUTIVE CO	1.00	Director	$0	$0	$0
WILLIAM KIDD	EXECUTIVE CO	1.00	Director	$0	$0	$0
DAVID OSWALD	EXAMINING CO	1.00	Director	$0	$0	$0
LARRY PATTERSON	PENSION TRUS	1.00	Director	$0	$0	$0
MICHAEL CARTWRIGHT	UNION TRUSTE	1.00	Director	$0	$0	$0
CHAD SCHRADER	UNION TRUSTE	1.00	Director	$0	$0	$0
DELVIN WALKER	UNION ORGANI	1.00	Director	$57,647	$50,859	$108,506

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	$1,884,117	$1,080,999	$7,811,151	$803,118
2024	$2,022,099	$953,420	$6,448,110	$1,068,679
2023	$1,002,654	$926,904	$4,823,820	$75,750
2022	$1,275,400	$910,985	$4,455,617	$364,415
2021	$923,582	$710,229	$3,880,725	$213,353
2020	$876,152	$649,594	$3,678,608	$226,558
2019	$1,387,005	$689,294	$3,475,352	$697,711

INTL ASSOCIATION BRIDGE STRCTRL IRONWORKERS LOCAL 28