Ironworkers Local Union No 584 (EIN 730242970) - 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

1938

Legal Domicile

Principal Officer

Eric Lemley

Phone

9184371446

Tax Period

2024-07-01 to 2025-06-30

Ironworkers Local Union No 584, founded in 1938, is a small nonprofit that reported $851K in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year. Expenses of $781K left a modest 8% surplus.

Mission

The labor organization represents its membership.

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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 $0

Program Service Revenue $757,782

Investment Income $6,579

Other Revenue $86,985

TOTAL REVENUE $851,346

Expense Breakdown

Grants Paid $0

Salaries & Benefits $376,961

Fundraising Expenses $0

Other Expenses $335,185

TOTAL EXPENSES $781,171

Year-over-Year Comparison

	2024	2023	Change
Revenue	$851,346	$900,076	-0.1%
Expenses	$781,171	$734,896	+0.1%
Net Income	$70,175	$165,180	-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

$158,005

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Willie Wright	President	2.00	Officer	$3,269	$0	$3,269
Toby Nance	Recording Secretary	1.00	Officer	$0	$0	$0
Eric Lemley	Financial Secretary/BM	40.00	Officer	$100,840	$52,852	$153,692
Andrew Dearman	Executive Committee	1.00	Officer	$0	$0	$0
Donnie Steinburg	Executive Committee	1.00	Officer	$0	$0	$0
William Yochum	Executive Committee	1.00	Officer	$0	$0	$0
Chad Donathan	Executive Committee	2.00	Officer	$261	$0	$261
Cody Browning	Sargeant at Arms	1.00	Officer	$261	$0	$261
Tommy Akins	Trustees	1.00	Officer	$0	$0	$0
Charles Parnell	Executive Committee	1.00	Officer	$0	$0	$0
Chris Thomas	Executive Committee	1.00	Officer	$0	$0	$0
Steve Spears	Trustee	1.00	Officer	$261	$0	$261
David Morgan	Trustee	1.00	Officer	$261	$0	$261

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	$851,346	$781,171	$517,458	$70,175
2024	No data	No data	No data	No data
2023	$704,363	$802,572	$285,777	$-98,209
2022	$579,400	$790,326	$379,418	$-210,926
2021	$606,629	$769,491	$597,496	$-162,862
2020	$793,228	$970,087	$750,680	$-176,859
2019	$931,759	$979,370	$931,062	$-47,611

Ironworkers Local Union No 584