IRON WORKERS REGIONAL SHOP LOCAL U… - Form 990 Financial Data

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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

2023

Legal Domicile

Principal Officer

JONATHAN PARAMO

Phone

5626321036

Tax Period

2024-07-01 to 2025-06-30

IRON WORKERS REGIONAL SHOP LOCAL UNION NO 855, founded in 2023, is a small nonprofit in the Employment sector that reported $718K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $797K exceeded revenue, resulting in a 11% operating deficit.

Mission

THE OBJECTIVES OF THIS LOCAL UNION ARE TO PROMOTE BY ALL PROPER MEANS, THE MATERIAL AND INTELLECTURAL WELFARE OF ITS MEMBERS AND THEIR FAMILIES, SECURE BY ALL LEGAL AND PROPER MEANS, ADEQUATE WAGES, WORKING CONDITIONS AND OPPORTUNITIES OF EMPLOYMENT, AND ENCOURAGE ITS MEMBERS TO REGISTER AND VOTE IN THE INTEREST OF OBTAINING HIGHER STANDARDS OF CITIZENSHIP AND SECURE ADEQUATE LEGISLATION WHICH WILL SAFEGUARD AND PROMOTE THE PRICIPLES OF FREE COLLECTIVE BARGAINING.

Program Service Accomplishments

Program 1

Expenses: $772,468

TO COORDINATE UNION ACTIVITIES AMONG LOCAL MEMBERS UNIONS AND ASSIST MEMBERS IN OBTAINING ADEQUATE WAGES. APPROXIMATELY 923 MEMBERS WERE BENEFITED.

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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 $641,009

Program Service Revenue $65,071

Investment Income $12,021

Other Revenue $0

TOTAL REVENUE $718,101

Expense Breakdown

Grants Paid $0

Salaries & Benefits $405,351

Fundraising Expenses $0

Program Expenses $772,468

Other Expenses $386,819

TOTAL EXPENSES $796,570

Year-over-Year Comparison

	2024	2023	Change
Revenue	$718,101	$656,492	+0.1%
Expenses	$796,570	$718,127	+0.1%
Net Income	$-78,469	$-61,635	+0.3%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JONATHAN PARAMO	ADMINISTRATOR	40.00	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	$718,101	$796,570	$422,666	$-78,469
2024	$656,492	$718,127	$505,465	$-61,635

IRON WORKERS REGIONAL SHOP LOCAL UNION NO 855