International Association of Bridge Struct & Ornamental Iron Workers Local Union 378 (EIN 940577193) - 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

1959

Legal Domicile

Principal Officer

JASON GALLIA

Phone

7077466100

Tax Period

2024-07-01 to 2025-06-30

International Association of Bridge Struct & Ornamental Iron Workers Local Union 378, founded in 1959, is a community nonprofit that reported $4.5M in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Net assets of $13.7M represent 37 months of operating reserves.

Mission

Labor organization representing workers in the ironworkers' field to improve wages, benefits and working conditions for 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 $0

Program Service Revenue $2,785,092

Investment Income $450,742

Other Revenue $1,239,091

TOTAL REVENUE $4,474,925

Expense Breakdown

Grants Paid $54,898

Salaries & Benefits $1,616,289

Fundraising Expenses $0

Other Expenses $2,593,411

TOTAL EXPENSES $4,376,265

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,474,925	$4,994,961	-0.1%
Expenses	$4,376,265	$3,911,116	+0.1%
Net Income	$98,660	$1,083,845	-0.9%

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

$923,980

Total Directors

$66,819

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JASON GALLIA	FIN-SEC TREASURER	44.0	Officer	$182,109	$64,247	$246,356
JASON LINDSEY	PRESIDENT	44.0	Officer	$170,474	$64,247	$234,721
JAMES ASHCROFT	BUSINESS AGENT	44.0	Officer	$158,343	$64,247	$222,590
KENNETH MILLER	BUSINESS AGENT	44.0	Officer	$154,691	$64,247	$218,938
FRANCISCO YANEZ SANDOVAL	VICE PRESIDENT	44.0	Director	$42,740	$21,004	$63,744
DAVID MEYER	TRUSTEE	2.0	Director	$775	$0	$775
ANDREW FARFAN	EXECUTIVE BOARD	4.0	Director	$725	$0	$725
FREDERICK CROWE	RECORDING SECRETARY	4.0	Director	$700	$0	$700
EULALIO DIAZ	CONDUCTOR	2.0	Officer	$600	$0	$600
KYLE DICKINSON	SGT-AT-ARMS	4.0	Officer	$350	$0	$350
MICHAEL MILLER	RECORDING SECRETARY	4.0	Officer	$350	$0	$350
BYRON SMITH	TRUSTEE	4.0	Director	$250	$0	$250
RICHARD PATTERSON	TRUSTEE	4.0	Director	$250	$0	$250
FRANK CAPENHURST	TRUSTEE	4.0	Director	$175	$0	$175
ANTOINE CARRUTH	EXECUTIVE BOARD	4.0	Director	$100	$0	$100
DOUG BOYUM	EXECUTIVE BOARD	4.0	Director	$100	$0	$100
DANIEL GENTRY	VICE PRESIDENT	4.0	Officer	$75	$0	$75
ARMANDO ACEVEDO	EXECUTIVE BOARD	4.0	Director	$0	$0	$0
CHRIS DERRICO	EXECUTIVE BOARD	4.0	Director	$0	$0	$0
TIMOTHY WRIGHT	VICE PRESIDENT	4.0	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	$4,474,925	$4,376,265	$13,742,846	$98,660
2024	$4,994,961	$3,911,116	$13,357,470	$1,083,845
2023	$5,378,944	$3,949,253	$11,726,228	$1,429,691
2022	$4,652,841	$4,260,210	$10,160,567	$392,631
2021	$4,428,417	$4,494,456	$9,481,321	$-66,039

International Association of Bridge Struct & Ornamental Iron Workers Local Union 378