IRON WORKERS LOCAL NO 417 AND EMPLOYERS COOPERATIVE TRUST

EIN: 611851722 Employment

WALLKILL, NY

Total Revenue
$867,739
Total Expenses
$802,449
Total Assets
$1,824,393
Net Assets
$1,821,620
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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
2017
Legal Domicile
NY
Principal Officer
MATTHEW STODDARD
Phone
8455668417
Tax Period
2023-07-01 to 2024-06-30

IRON WORKERS LOCAL NO 417 AND EMPLOYERS COOPERATIVE TRUST, founded in 2017, is a small nonprofit in the Employment sector that reported $868K in total revenue in fiscal year 2023. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $802K left a modest 8% surplus.

Mission

TO PROVIDE BENEFITS TO UNION CONTRACTORS IN ORDER TO BID JOBS THAT ALLOW FOR CONTINUED EMPLOYMENT OF THE IRON WORKERS UNION 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $15,000
Program Service Revenue $800,544
Investment Income $52,195
Other Revenue $0
TOTAL REVENUE $867,739

Expense Breakdown

Grants Paid $0
Salaries & Benefits $53,035
Fundraising Expenses $0
Other Expenses $43,801
TOTAL EXPENSES $802,449

Year-over-Year Comparison

2023 2022 Change
Revenue $867,739 $1,287,470 -0.3%
Expenses $802,449 $828,989 0.0%
Net Income $65,290 $458,481 -0.9%
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

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

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Governance

Voting Members
9
Independent Members
9
Employees
N/A
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
3
$599,181
Total Directors
9
$618,883
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MATTHEW STODDARD BUSINESS MAN 5.00
Officer Director
$53,035 $59,185 $296,635
MICHAEL DUNN PRESIDENT N/A
Officer Director
$0 $59,379 $296,230
ZACH GAYDOS EXECUTIVE CO N/A
Director
$0 $0 $17,176
KEITH EISGRUBER RECORDING SE N/A
Officer Director
$0 $0 $6,316
TIMOTHY CERONE EXECUTIVE CO N/A
Director
$0 $0 $2,526
JOHN MCGUIRE VICE PRESIDE N/A
Director
$0 $0 $0
OWEN MCGUIRE EXECUTIVE CO N/A
Director
$0 $0 $0
DANIEL PRUITT EXAMINING CO N/A
Director
$0 $0 $0
RICHARD SCHRODER EXECUTIVE CO N/A
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
2025 No data No data No data No data
2024 $867,739 $802,449 $1,824,393 $65,290
2023 $1,287,470 $828,989 $1,792,840 $458,481
2022 $588,585 $1,066,552 $1,311,588 $-477,967
2021 $534,268 $1,262,529 $1,830,917 $-728,261
2020 $614,268 $300,954 $2,518,654 $313,314
2019 $985,548 $244,623 $2,231,647 $740,925
2018 $717,867 $186,398 $1,514,653 $531,469
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