Iron Workers Local 86

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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

1904

Legal Domicile

Principal Officer

Robert Korth Jr

Phone

2062484246

Tax Period

2023-07-01 to 2024-06-30

Iron Workers Local 86, founded in 1904, is a community nonprofit that reported $4.2M in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year.

Mission

The Local Union's mission is to organize and educate workers so that they have a voice in the workplace and know their workplace rights;involve workers in the political process and to negotiate with employers so that each worker is treated with dignity, justice and respect.

Program Service Accomplishments

Program 1

THE LOCAL UNION'S PROGRAM SERVICE ACTIVITY AND ACCOMPLISHMENT IS TO ORGANIZE ALL WORKERS, AND TO SECURE IMPROVED WAGES, HOURS, WORKING CONDITIONS AND OTHER ECONOMIC ADVANTAGES THROUGH ORGANIZING...

THE LOCAL UNION'S PROGRAM SERVICE ACTIVITY AND ACCOMPLISHMENT IS TO ORGANIZE ALL WORKERS, AND TO SECURE IMPROVED WAGES, HOURS, WORKING CONDITIONS AND OTHER ECONOMIC ADVANTAGES THROUGH ORGANIZING, NEGOTIATIONS AND COLLECTIVE BARGAINING.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,700

Program Service Revenue $4,066,474

Investment Income $108,312

Other Revenue $0

TOTAL REVENUE $4,176,486

Expense Breakdown

Grants Paid $11,875

Salaries & Benefits $2,334,181

Fundraising Expenses $0

Other Expenses $1,963,301

TOTAL EXPENSES $4,368,107

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,176,486	$5,106,997	-0.2%
Expenses	$4,368,107	$4,586,528	0.0%
Net Income	$-191,621	$520,469	-1.4%

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

$496,545

Total Directors

$233,825

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Robert Korth Jr	Fin Secre-Treas	40.00	Officer	$162,304	$100,416	$262,720
Heather Kurtenbach	Bus Agent/Organizr	40.00		$141,342	$92,973	$234,315
Edward Jezek Jr	Bus Agent/Organizr	40.00		$141,062	$92,973	$234,035
Bryan Johnson	President	40.00	Officer Director	$140,852	$92,973	$233,825
Derek Patches	Bus Agent/Dispatch	40.00		$139,762	$92,187	$231,949
Christopher Watrobka	Bus Agent/Dispatch	40.00		$140,562	$90,800	$231,362
Armando Sanchez	Bus Agent/Dispatch	40.00		$140,372	$90,128	$230,500
Anthony Taylor	Past Trst/SgArm	1.00	Director	$0	$0	$0
Chad Lyon	Past Exec Board	1.00	Director	$0	$0	$0
Donald Blackburn	Past Trustee	1.00	Director	$0	$0	$0
Scott Held	Executive Board	1.00	Director	$0	$0	$0
Jose Flores	Past Exec Board	1.00	Director	$0	$0	$0
Nathan Wojtaszczyk	Trustee	1.00	Director	$0	$0	$0
Don Devoe	Past Exec Board	1.00	Director	$0	$0	$0
Neil Hackman	Executive Board	1.00	Director	$0	$0	$0
Kenneth Gilliam	Trustee	1.00	Director	$0	$0	$0
Eric Lewis	Trustee	1.00	Director	$0	$0	$0
Curtis Paulsen	Executive Board	1.00	Director	$0	$0	$0
Bret Ioimo	Executive Board	1.00	Director	$0	$0	$0
Kevin Maile	Executive Board	1.00	Director	$0	$0	$0
Yvonne Harry	Recording Secre	1.00	Officer	$0	$0	$0
Joe McClain	Past Record Sec	1.00	Officer	$0	$0	$0
Christopher Allen	Vice President	1.00	Officer	$0	$0	$0
Richard Wesselius	Sergeant at Arm	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	No data	No data	No data	No data
2024	$4,176,486	$4,368,107	$6,065,361	$-191,621
2023	$5,106,997	$4,586,528	$6,254,586	$520,469
2022	$5,200,923	$4,303,375	$5,722,685	$897,548
2021	$4,989,970	$4,245,349	$5,194,982	$744,621
2020	$4,211,124	$3,906,824	$4,085,768	$304,300
2019	$4,551,236	$3,898,253	$3,788,239	$652,983