BRIDGE STRUCTURAL & ORNAMENTAL IRON WORKERS LU 118 (EIN 940340157) - 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

1908

Legal Domicile

Principal Officer

RAYMOND DAVIS

Tax Period

2023-07-01 to 2024-06-30

BRIDGE STRUCTURAL & ORNAMENTAL IRON WORKERS LU 118, founded in 1908, is a community nonprofit that reported $2.6M in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $2.4M left a modest 7% surplus.

Mission

PROMOTE WELFARE OF MEMBERS. SECURE ADEQUATE WAGES, WORKING CONDITIONS AND OPPORTUNITIES OF EMPLOYMENT.

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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 $0

Program Service Revenue $1,865,499

Investment Income $156,249

Other Revenue $543,890

TOTAL REVENUE $2,565,638

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,066,710

Fundraising Expenses $0

Program Expenses $1,790,969

Other Expenses $1,326,900

TOTAL EXPENSES $2,393,610

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,565,638	$2,860,352	-0.1%
Expenses	$2,393,610	$2,420,591	0.0%
Net Income	$172,028	$439,761	-0.6%

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

N/A

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

$486,656

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KARL PINEO	BUS MGR-FIN SEC-TREAS	40.00	Officer	$164,873	$0	$164,873
TROY ARNTSON	BUSINESS AGENT-CA	40.00	Officer	$137,543	$0	$137,543
TRACY HOLLAND	PAST BUSINESS AGENT - NV	40.00	Officer	$132,240	$0	$132,240
MONTANA ALBITRE	BUSINESS AGENT-NV	40.00	Officer	$35,646	$0	$35,646
RAYMOND DAVIS	PRESIDENT	40.00	Officer	$16,354	$0	$16,354
CARLOS HERNANDEZ	EXECUTIVE BOARD	5.00	Director	$0	$0	$0
MITCHELL BECHTEL	EXECUTIVE BOARD	5.00	Director	$0	$0	$0
DARRON STURGEON	EXECUTIVE BOARD	5.00	Director	$0	$0	$0
CURTIS BARTLETT	EXECUTIVE BOARD	5.00	Director	$0	$0	$0
NATHAN TAYLOR	TRUSTEE	5.00	Director	$0	$0	$0
BRAD GASAWAY	TRUSTEE	5.00	Director	$0	$0	$0
JOSEPH EASDON	EXECUTIVE BOARD	5.00	Director	$0	$0	$0
DOROTHY ORMSBY	TRUSTEE	5.00	Director	$0	$0	$0
JASON RAFTER	RECORDING SECRETARY	5.00	Officer	$0	$0	$0
AARON HIGH	SGT AT ARMS	5.00	Officer	$0	$0	$0
RONALD MILNER	VICE PRESIDENT	5.00	Officer	$0	$0	$0
SHAWN SMITH	CONDUCTOR	5.00	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	$2,565,638	$2,393,610	$2,559,861	$172,028
2023	$2,860,352	$2,420,591	$2,450,393	$439,761
2022	$2,665,110	$2,508,076	$2,076,194	$157,034
2021	$2,125,346	$2,549,261	$2,255,178	$-423,915

BRIDGE STRUCTURAL & ORNAMENTAL IRON WORKERS LU 118