Iron Workers International Assn 516

EIN: 930167657

Portland, OR

Total Revenue
$558,936
Total Expenses
$563,680
Total Assets
$153,034
Net Assets
$147,239
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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
1937
Legal Domicile
OR
Principal Officer
Laramie Lexow
Phone
5032574743
Tax Period
2023-07-01 to 2024-06-30

Iron Workers International Assn 516, founded in 1937, is a small nonprofit that reported $559K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year.

Mission

Representation of union 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $558,935
Investment Income $1
Other Revenue $0
TOTAL REVENUE $558,936

Expense Breakdown

Grants Paid $0
Salaries & Benefits $261,296
Fundraising Expenses $0
Other Expenses $292,184
TOTAL EXPENSES $563,680

Year-over-Year Comparison

2023 2022 Change
Revenue $558,936 $608,306 -0.1%
Expenses $563,680 $604,036 -0.1%
Net Income $-4,744 $4,270 -2.1%
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

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Governance

Voting Members
7
Independent Members
7
Employees
21
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
6
$126,183
Total Directors
9
$10,595
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Laramie Lexow Secretary-Treas 40.00
Officer
$85,072 $36,865 $121,937
Matthew R Martin Executive Board 1.00
Director
$8,295 $0 $8,295
Scott Oleson President 1.00
Officer
$1,506 $0 $1,506
David C Payne Recording Secre 1.00
Officer
$900 $0 $900
Darrell C Tompkins Jr Past President 1.00
Officer
$850 $0 $850
Robert C Loofbourrow Exec Brd/Truste 1.00
Director
$600 $0 $600
Joshua Dunn Vice Pres/Trust 1.00
Officer
$540 $0 $540
Lawrewnce E Gerads Past President 1.00
Officer
$450 $0 $450
Randy L Reed Past Trustee 1.00
Director
$420 $0 $420
Anthony P Myers Trustee/Sgt Arm 1.00
Director
$420 $0 $420
James D Beyer Jr Past Trustee 1.00
Director
$280 $0 $280
Alonzo Borrayo Executive Board 1.00
Director
$260 $0 $260
Christopher J Burton Executive Board 1.00
Director
$180 $0 $180
Felix E Antich Trustee 1.00
Director
$140 $0 $140
Andrew B Baker Executive Board 1.00
Director
$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 $558,936 $563,680 $153,034 $-4,744
2023 $608,306 $604,036 $156,417 $4,270
2022 $745,311 $720,677 $153,450 $24,634
2021 $758,819 $770,081 $216,944 $-11,262
2020 $848,436 $924,299 $74,618 $-75,863
2019 $690,657 $744,958 $153,889 $-54,301
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