IRON WORKERS REGIONAL SHOP LOCAL UNION 853 (EIN 830898740) - 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

2018

Legal Domicile

Principal Officer

WILLIAM YOUNG

Phone

8474551473

Tax Period

2024-07-01 to 2025-06-30

IRON WORKERS REGIONAL SHOP LOCAL UNION 853, founded in 2018, is a small nonprofit that reported $880K in total revenue in fiscal year 2024.

Mission

THE PURPOSE OF THE LOCAL IS TO ORGANIZE, UNITE, AND ASSIST PERSONS IN IMPROVING WAGES, HOURS, BENEFITS, AND WORKING CONDITIONS; TO OBTAIN STATUS OF EXCLUSIVE BARGAINING REPRESENTATIVES OF PERSONS EMPLOYED WITHIN THE LOCAL'S JURISDICTION AND TO PROCESS AND RESOLVE GRIEVANCES AND ALL OTHER RIGHTS ARISING OUT OF SUCH COLLECTIVE BARGAINING RELATIONSHIPS; TO ADVANCE AND SAFEGUARD THE FULL EMPLOYMENT, ECONOMIC SECURITY, AND SOCIAL WELFARE OF ITS MEMBERS.

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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 $60,000

Program Service Revenue $803,318

Investment Income $10,567

Other Revenue $6,098

TOTAL REVENUE $879,983

Expense Breakdown

Grants Paid $0

Salaries & Benefits $453,721

Fundraising Expenses $0

Other Expenses $491,898

TOTAL EXPENSES $945,619

Year-over-Year Comparison

	2024	2023	Change
Revenue	$879,983	$881,802	0.0%
Expenses	$945,619	$944,307	+0.0%
Net Income	$-65,636	$-62,505	+0.1%

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

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

$114,799

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM YOUNG	PRES/FIN SEC TREASURER	40.00	Officer	$82,724	$31,237	$113,961
ANDREW QUINN	REC SECRETARY	3.00	Officer	$0	$0	$0
DUANE NEUMAIER	EXEC BD	3.00	Officer	$838	$0	$838
ROBERT RITZ	EXEC BD	3.00	Officer	$0	$0	$0
MATT RANKIN	EXEC BD	3.00	Officer	$0	$0	$0
JEREMY VESTWEBER	EXEC BD	3.00	Officer	$0	$0	$0
JUSTIN MORNINGSTAR	EXEC BD	3.00	Officer	$0	$0	$0
DOMINIQUE CROSBY	TRUSTEE	3.00	Officer	$0	$0	$0
STEVEN STEPIEN	TRUSTEE	3.00	Officer	$0	$0	$0
DILLON HUNTZINGER	SGT AT ARMS	3.00	Officer	$0	$0	$0
GARY PENROSE	FORMER SGT AT ARMS	3.00	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	$879,983	$945,619	$509,154	$-65,636
2024	$881,802	$944,307	$590,549	$-62,505
2023	$954,485	$1,009,314	$574,056	$-54,829
2022	$965,531	$831,503	$628,885	$134,028
2021	$998,922	$987,371	$576,897	$11,551

IRON WORKERS REGIONAL SHOP LOCAL UNION 853