IRON WORKERS LOCAL 477 APPRENTICESHIP (EIN 630622000) - 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

1934

Legal Domicile

Phone

2563833334

Tax Period

2025-01-01 to 2025-12-31

IRON WORKERS LOCAL 477 APPRENTICESHIP, founded in 1934, is a small nonprofit that reported $255K in total revenue in fiscal year 2018. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $341K exceeded revenue, resulting in a 33% operating deficit.

Mission

TO PROVIDE A TRAINING FACILITY FOR TRAINEES ENGAGED IN THE IRON WORKING INDUSTRY.

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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 (2025)

Revenue Breakdown

Contributions & Grants $447,520

Program Service Revenue $0

Investment Income $10,046

Other Revenue $2,752

TOTAL REVENUE $460,318

Expense Breakdown

Grants Paid $0

Salaries & Benefits $356,263

Fundraising Expenses $0

Program Expenses $540,784

Other Expenses $184,521

TOTAL EXPENSES $540,784

Year-over-Year Comparison

	2025	2024	Change
Revenue	$460,318	$411,870	+0.1%
Expenses	$540,784	$522,372	+0.0%
Net Income	$-80,466	$-110,502	-0.3%

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

$102,188

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARRY BERRYHILL	COORDINATOR	40.00	Officer	$102,188	$0	$102,188
JEB MILES	DIRECTOR	2.00	Director	$0	$0	$0
CLARENCE M PRINCE	TRUSTEE	2.00	Director	$0	$0	$0
STEVE CATES	CHAIRMAN	2.00	Director	$0	$0	$0
RONALD MCNATT	TRUSTEE	2.00	Director	$0	$0	$0
JASON REAVES	TRUSTEE	2.00	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	$460,318	$540,784	$810,623	$-80,466
2024	$411,870	$522,372	$888,892	$-110,502
2023	$399,067	$526,168	$1,000,071	$-127,101
2022	$554,974	$471,484	$1,125,255	$83,490
2021	$531,580	$455,466	$1,043,834	$76,114
2020	$537,384	$436,697	$966,582	$100,687
2019	$472,064	$390,368	$868,133	$81,696
2018	$255,490	$340,929	$784,840	$-85,439

IRON WORKERS LOCAL 477 APPRENTICESHIP