INT'L ASSOC OF IRON WORKERS LOCAL … - Form 990 Financial Data

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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

1946

Legal Domicile

Principal Officer

RYAN SCOTT

Phone

4236222111

Tax Period

2024-07-01 to 2025-06-30

INT'L ASSOC OF IRON WORKERS LOCAL 704, founded in 1946, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $411K, a strong 32% operating margin.

Mission

THE LOCAL WORKS TO PROMOTE THE WELFARE OF IT'S MEMBERS BY SECURING ADEQUATE WAGES, WORKING CONDITIONS AND OPPORTUNITIES FOR EMPLOYMENT IN THE IRONWORKING TRADE.

Program Service Accomplishments

Program 1

Expenses: $595,226 Revenue: $54,511

PROMOTION OF THE WELFARE OF THE MEMBERS BY SECURING ADEQUATE WAGES, WORKING CONDITIONS, AND OPPORTUNITIES FOR EMPLOYMENT IN THE IRONWORKING TRADE.

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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 $1,055,214

Program Service Revenue $0

Investment Income $73,947

Other Revenue $151,328

TOTAL REVENUE $1,280,489

Expense Breakdown

Grants Paid $0

Salaries & Benefits $390,559

Fundraising Expenses $0

Program Expenses $595,226

Other Expenses $433,996

TOTAL EXPENSES $869,105

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,280,489	$1,130,801	+0.1%
Expenses	$869,105	$839,497	+0.0%
Net Income	$411,384	$291,304	+0.4%

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

229

Independent Members

229

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

$170,973

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROSS HENSLEY	EXECUTIVE COMMITTEE	1.00	Director	$0	$0	$0
CHARLES WILSON	EXECUTIVE COMMITTEE	1.00	Director	$0	$0	$0
DOUG PIEPER	EXECUTIVE COMMITTEE	1.00	Director	$0	$0	$0
JEFF SWAFFORD	TRUSTEE	1.00	Director	$0	$0	$0
SARAH MARTIN	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM JONES	TRUSTEE	1.00	Director	$0	$0	$0
CALEB RAMIREZ	EXECUTIVE COMMITTEE	1.00	Director	$0	$0	$0
RYAN SCOTT	BUSINESS MANAGER	40.00	Officer	$86,671	$0	$86,671
PHILLIP BURNEY	PRESIDENT	40.00	Officer	$0	$0	$84,302
MELISSA ERVIN	SECRETARY	1.00	Officer	$0	$0	$0
WILLIAM SHANNON TATE	VICE PRESIDENT	1.00	Officer	$0	$0	$0
SEAN-PAUL KIMBALL	BUSINESS MANAGER 8/10/23 - 11/19/24	40.00		$97,488	$0	$97,488

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	$1,280,489	$869,105	$2,346,335	$411,384
2024	$1,130,801	$839,497	$1,928,853	$291,304
2023	$1,344,510	$848,645	$1,629,786	$495,865
2022	$1,165,821	$788,439	$1,126,575	$377,382
2021	$721,066	$627,350	$745,608	$93,716
2020	$632,313	$621,513	$651,320	$10,800
2019	$652,113	$714,252	$634,604	$-62,139

INT'L ASSOC OF IRON WORKERS LOCAL 704