BRIDGES STRUCTURAL & ORNAMENTAL LOCAL 387 (EIN 580462061) - 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

1924

Legal Domicile

Principal Officer

Robert Duffield

Phone

4045050022

Tax Period

2024-07-01 to 2025-06-30

BRIDGES STRUCTURAL & ORNAMENTAL LOCAL 387, founded in 1924, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. Expenses of $1.5M left a modest 11% surplus.

Mission

The organizations exempt purpose is to act as collective bargaining agent on behalf of 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 (2024)

Revenue Breakdown

Contributions & Grants $1,454,321

Program Service Revenue $26,650

Investment Income $177,967

Other Revenue $28,162

TOTAL REVENUE $1,687,100

Expense Breakdown

Grants Paid $0

Salaries & Benefits $662,931

Fundraising Expenses $0

Other Expenses $816,435

TOTAL EXPENSES $1,506,016

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,687,100	$1,941,199	-0.1%
Expenses	$1,506,016	$1,505,798	+0.0%
Net Income	$181,084	$435,401	-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

N/A

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

$234,997

Total Directors

$242,846

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Robert Duffield	Business Manager	48.00	Officer Director	$120,955	$0	$120,955
Christopher Tobiasson	President	5.00	Officer Director	$0	$0	$0
Jacob Blackwell	Recording Secretary	5.00	Officer Director	$1,074	$0	$1,074
Shawn Cody	Vice President	48.00	Officer Director	$112,968	$0	$112,968
Stuart Brooks	Sergeant at Arms	2.00	Director	$1,659	$0	$1,659
Howard Baker	Board Member	2.00	Director	$1,417	$0	$1,417
Timothy Berry	Board Member	2.00	Director	$1,382	$0	$1,382
James Scara	Board Member	2.00	Director	$1,508	$0	$1,508
Kenneth Pool	Trustee	2.00	Director	$1,030	$0	$1,030
Neil Campbell	Trustee	2.00	Director	$384	$0	$384
Thomas Davis	Board Member	2.00	Director	$0	$0	$0
Danny Banks	Trustee,Conductor	2.00	Director	$469	$0	$469

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	$1,687,100	$1,506,016	$4,556,078	$181,084
2024	$1,941,199	$1,505,798	$4,337,330	$435,401
2023	$1,415,655	$1,280,571	$3,843,045	$135,084
2022	$1,542,210	$1,375,391	$3,658,109	$166,819
2021	$1,630,374	$1,537,005	$3,581,562	$93,369
2020	$1,274,783	$1,395,456	$3,206,186	$-120,673
2019	$1,929,770	$1,621,772	$3,307,870	$307,998

BRIDGES STRUCTURAL & ORNAMENTAL LOCAL 387