IRONWORKERS UNION LOCAL 377 (EIN 940577195) - 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

1921

Legal Domicile

Principal Officer

CHARLES HERNANDEZ

Phone

4152853880

Tax Period

2024-07-01 to 2025-06-30

IRONWORKERS UNION LOCAL 377, founded in 1921, is a community nonprofit that reported $4.7M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $4.0M left a modest 15% surplus.

Mission

TO ORGANIZE OUR INDUSTRY TO RAISE THE STANDARD OF LIVING OF ALL IRONWORKERS

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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 $2,924,210

Program Service Revenue $696,699

Investment Income $300,566

Other Revenue $771,983

TOTAL REVENUE $4,693,458

Expense Breakdown

Grants Paid $20,057

Salaries & Benefits $2,045,292

Fundraising Expenses $0

Other Expenses $1,718,109

TOTAL EXPENSES $4,011,817

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,693,458	$5,094,554	-0.1%
Expenses	$4,011,817	$3,781,377	+0.1%
Net Income	$681,641	$1,313,177	-0.5%

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

N/A

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

$661,756

Total Directors

$602,560

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MITCHEL KETTLE	EXAMINING BOARD MEMBER	5.00	Officer Director	$4,973	$0	$4,973
STEVEN THANG	TRUSTEE	2.00	Director	$7,023	$0	$7,023
CHRISTOPHER DONNELLY	BUSINESS AGENT/TRUSTEE	40.00	Director	$183,882	$106,573	$290,455
DAVID ORTIZ	ORGANIZER	40.00	Director	$177,273	$103,875	$281,148
DAVID ORTIZ JR	EXECUTIVE BD MEMBER	1.00	Director	$3,431	$0	$3,431
PATRICK WILSON	TRUSTEE	1.00	Director	$3,871	$0	$3,871
JAMES TORRECILLAS	EXECUTIVE BD MEMBER	1.00	Director	$7,523	$0	$7,523
EMMANUEL SANCHEZ	BUSINESS AGENT	40.00	Director	$0	$0	$0
ANTHONY IVALDI	EXAMINING BOARD MEMBER	5.00	Director	$2,112	$0	$2,112
JOSEPH STONE	EXECUTIVE BD MEMBER	5.00	Director	$2,024	$0	$2,024
CHARILE HERNANDEZ	EXECUTIVE DIR.	40.00	Officer	$221,147	$115,464	$336,611
DIAHANNA CHRISTIE	SECRETARY	4.00	Officer	$5,423	$0	$5,423
EDDIE REYES	PRESIDENT	40.00	Officer	$199,407	$108,215	$307,622
TRIEU THANH	EXECUTIVE BD MEMBER	1.00	Officer	$4,223	$0	$4,223
ARMANDO BAROS	VICE-PRESIDENT	2.00	Officer	$2,904	$0	$2,904

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	$4,693,458	$4,011,817	$22,540,681	$681,641
2024	No data	No data	No data	No data
2023	$5,279,639	$4,049,572	$20,747,690	$1,230,067
2022	$4,712,634	$3,285,985	$19,314,422	$1,426,649
2021	$5,277,547	$3,357,142	$18,269,959	$1,920,405
2020	$6,111,746	$3,296,805	$15,988,965	$2,814,941
2019	$6,055,783	$3,319,925	$13,211,772	$2,735,858
2018	$6,182,644	$4,849,701	$10,409,560	$1,332,943

IRONWORKERS UNION LOCAL 377