IRONWORKERS LOCAL UNION 732 (EIN 820201285) - 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

1950

Legal Domicile

Principal Officer

JIM WONNACOTT

Phone

2082324873

Tax Period

2024-07-01 to 2025-06-30

IRONWORKERS LOCAL UNION 732, founded in 1950, is a community nonprofit that reported $2.9M in total revenue in fiscal year 2024. Revenue surged 181% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.7M, a strong 58% operating margin.

Mission

PROMOTE EMPLOYMENT GOALS FOR INRONWORKERS.

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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 $101,003

Program Service Revenue $2,774,712

Investment Income $34,282

Other Revenue $0

TOTAL REVENUE $2,909,997

Expense Breakdown

Grants Paid $0

Salaries & Benefits $602,391

Fundraising Expenses $0

Other Expenses $629,835

TOTAL EXPENSES $1,232,226

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,909,997	$1,034,464	+1.8%
Expenses	$1,232,226	$1,100,292	+0.1%
Net Income	$1,677,771	$-65,828	-26.5%

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

Total Directors

$152,868

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN RIGBY	PRESIDENT/AP	N/A	Officer Director	$0	$0	$0
SETH BERGAN	VICE PRESIDE	N/A	Director	$0	$0	$0
JIM WONNACOTT	BUSINESS MGR	40.00	Director	$100,601	$0	$100,601
RAYVAN BRAMBLE	RECORDING SE	N/A	Director	$0	$0	$0
THOMAS POPP	SERGEANT AT	40.00	Director	$51,382	$0	$51,382
ALAN ARCHIBALD	EXECUTIVE BO	N/A	Director	$0	$0	$0
JACOB LIGOCKY	EXECUTIVE BO	N/A	Director	$0	$0	$0
JEREMY TURNER	TRUSTEE	N/A	Director	$295	$0	$295
DON TURNER	TRUSTEE	N/A	Director	$295	$0	$295
ZACH WOLFF	PRIOR TRUSTE	N/A	Director	$295	$0	$295

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	$2,909,997	$1,232,226	$3,022,824	$1,677,771
2024	$1,034,464	$1,100,292	$1,347,588	$-65,828
2023	$1,104,812	$902,950	$1,415,066	$201,862
2022	$888,510	$901,162	$1,215,578	$-12,652
2021	$821,692	$660,514	$1,292,771	$161,178
2020	$765,760	$850,632	$1,059,439	$-84,872
2019	$718,605	$783,174	$1,143,333	$-64,569

IRONWORKERS LOCAL UNION 732