International Assoc of Bridge Structural & Ornamental Iron Workers Local 787 (EIN 550433832) - 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

1959

Legal Domicile

Principal Officer

Bradley C Winans

Phone

3044856231

Tax Period

2023-07-01 to 2024-06-30

International Assoc of Bridge Structural & Ornamental Iron Workers Local 787, founded in 1959, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2023. Revenue fell 23% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $226K, a strong 17% operating margin.

Mission

To encourage and develop higher standard of skill, to cultivate friendship among the crafts and equitably distribute job opportunities to its 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,224,123

Investment Income $35,198

Other Revenue $43,957

TOTAL REVENUE $1,303,278

Expense Breakdown

Grants Paid $0

Salaries & Benefits $240,198

Fundraising Expenses $0

Program Expenses $911,933

Other Expenses $824,230

TOTAL EXPENSES $1,077,628

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,303,278	$1,687,536	-0.2%
Expenses	$1,077,628	$1,153,752	-0.1%
Net Income	$225,650	$533,784	-0.6%

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

$168,812

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Andrew T Cooper	President	6.00	Officer	$0	$0	$0
Bradley C Winans	Financial Secretary	46.00	Officer	$93,918	$74,861	$168,779
Timothy D McFee	Executive Board	1.00	Officer	$0	$0	$0
Leroy W Collins	Executive Board	1.00	Officer	$0	$0	$0
Jason D Packer	Executive Board	1.00	Officer	$0	$0	$0
Brent Wilson	Executive Board	1.00	Officer	$0	$0	$0
Ebby Stier	Trustee	1.00	Officer	$33	$0	$33
Brian S Caltrider	Trustee	1.00	Officer	$0	$0	$0
Donald Kirkbride	Trustee	1.00	Officer	$0	$0	$0
Floyd DenniJoseph West s	Recording Secretary	1.00	Officer	$0	$0	$0
Mark Taulbee	Executive Board	1.00	Officer	$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	No data	No data	No data	No data
2024	$1,303,278	$1,077,628	$2,938,882	$225,650
2023	$1,687,536	$1,153,752	$2,721,791	$533,784
2022	$1,366,454	$945,584	$2,188,362	$420,870
2021	$881,908	$907,207	$1,808,642	$-25,299
2020	$1,302,761	$1,231,673	$1,790,526	$71,088
2019	$1,312,487	$1,316,279	$1,723,493	$-3,792

International Assoc of Bridge Structural & Ornamental Iron Workers Local 787