INTERNATIONAL ASSN OF BRIDGE STRUCT AND ORNAMENTAL IRON WORKERS #321 (EIN 710179018) - 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

1919

Legal Domicile

Principal Officer

WESSLEY SMITH

Phone

2704422722

Tax Period

2024-07-01 to 2025-06-30

INTERNATIONAL ASSN OF BRIDGE STRUCT AND ORNAMENTAL IRON WORKERS #321, founded in 1919, is a small nonprofit that reported $322K in total revenue in fiscal year 2018. Revenue decreased 5% compared to the prior year. Expenses of $278K left a modest 14% surplus.

Mission

THE ORGANIZATION PROVIDES ITS MEMBERS WITH DEATH BENEFITS AND REPRESENTS THE MEMBERS IN CONTRACT NEGOTIATIONS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $274,923

Investment Income $0

Other Revenue $89,937

TOTAL REVENUE $364,860

Expense Breakdown

Grants Paid $0

Salaries & Benefits $273,028

Fundraising Expenses $0

Program Expenses $235,949

Other Expenses $178,547

TOTAL EXPENSES $453,775

Year-over-Year Comparison

	2024	2023	Change
Revenue	$364,860	$367,907	0.0%
Expenses	$453,775	$411,063	+0.1%
Net Income	$-88,915	$-43,156	+1.1%

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

Total Directors

$110,743

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WALLACE DOWNS	EXECUTIVE COMMITTEE, SERGEANT AT ARMS	1.00	Director	$0	$0	$0
JD KEELING	EXAMINING COMMITTEE, EXECU	1.00	Director	$0	$0	$0
STEVEN KEELING	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTOPHER MCELFISH	EXECUTIVE COMMITTEE, EXAMI	1.00	Director	$0	$0	$0
GEORGE FREW	TRUSTEE	1.00	Director	$0	$0	$0
WESSLEY SMITH	PRESIDENT, DELEGATE TO DC	40.00	Director	$0	$0	$0
JOHN OHNMACHT	EXECUTIVE COMMITTEE, EXAMI	1.00	Director	$0	$0	$0
STEVE RITCHIE	TRUSTEE	1.00	Director	$0	$0	$0
REMONT COBB	VICE PRESIDENT	1.00	Director	$0	$0	$0
LEON WOLFORD	EXECUTIVE COMMITTEE	1.00	Director	$0	$0	$0
JOHNNY WILSON	BUSINESS MANAGER, FST, DEL	40.00	Director	$110,743	$0	$110,743
TIM MCELFISH	RECORDING SECRETARY	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	$364,860	$453,775	$294,725	$-88,915
2024	$367,907	$411,063	$385,047	$-43,156
2023	$510,181	$423,310	$432,614	$86,871
2022	$388,054	$385,318	$336,759	$2,736
2021	$358,230	$374,119	$348,703	$-15,889
2020	$387,026	$373,533	$360,092	$13,493
2019	$322,265	$277,667	$345,748	$44,598

INTERNATIONAL ASSN OF BRIDGE STRUCT AND ORNAMENTAL IRON WORKERS #321