INTERNATIONAL ASSOC OF BRIDGE STRUCTURAL IRONWORKERS LOCAL 229 (EIN 950865907) - 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

1917

Legal Domicile

Phone

8585715238

Tax Period

2024-07-01 to 2025-06-30

INTERNATIONAL ASSOC OF BRIDGE STRUCTURAL IRONWORKERS LOCAL 229, founded in 1917, is a community nonprofit that reported $3.5M in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. The organization ran a surplus of $827K, a strong 24% operating margin.

Mission

COORDINATE UNION ACTIVITIES

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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 $707,184

Program Service Revenue $2,511,401

Investment Income $254,589

Other Revenue $32,993

TOTAL REVENUE $3,506,167

Expense Breakdown

Grants Paid $0

Salaries & Benefits $975,940

Fundraising Expenses $0

Program Expenses $2,587,376

Other Expenses $1,656,224

TOTAL EXPENSES $2,678,764

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,506,167	$4,230,295	-0.2%
Expenses	$2,678,764	$2,813,283	0.0%
Net Income	$827,403	$1,417,012	-0.4%

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

$4,775

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BEAU COLEMAN	BUSINESS MANAGER	44.00		$165,177	$100,542	$265,719
DAVID JOHNSON	PRESIDENT/BUSINESS AGENT	44.00		$152,404	$97,989	$250,393
DANIEL WISMA	VICE PRESIDENT/BUISNESS AGENT	44.00		$145,147	$96,578	$241,725
TERESA MCGORISK	RECORDING SECRE	1.00	Officer	$675	$0	$675
MARTIN CORTEZ	EXECUTIVE BOARD	1.00	Officer	$550	$0	$550
SAM LIRA	EXECUTIVE BOARD	1.00	Officer	$500	$0	$500
DAVID GATES	CONDUCTOR	1.00	Officer	$500	$0	$500
DARRIN VALLETTA	Trustee	1.00	Officer	$475	$0	$475
ANTHONY PABARCUS	Trustee	1.00	Officer	$475	$0	$475
CARLOS VELASCO	Trustee	1.00	Officer	$400	$0	$400
CHRIS O'MEARA	EXECUTIVE BOARD	1.00	Officer	$375	$0	$375
HUMBERTO OLMOS JR	EXECUTIVE BOARD	1.00	Officer	$350	$0	$350
RANDY HEDGECOKE	EXAMINING BOARD	1.00	Officer	$275	$0	$275
DARRELL CAMPBELL	SERGEANT AT ARM	1.00	Officer	$150	$0	$150
JUAN VALDERRAMA	EXAMINING COMM	1.00	Officer	$50	$0	$50

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	$3,506,167	$2,678,764	$12,405,647	$827,403
2024	$4,230,295	$2,813,283	$11,557,466	$1,417,012
2023	$3,763,629	$2,691,330	$10,170,443	$1,072,299
2022	$3,487,574	$2,354,206	$9,569,846	$1,133,368
2021	$2,659,606	$2,114,232	$9,129,170	$545,374
2020	$3,209,101	$2,205,821	$7,713,021	$1,003,280
2019	$2,390,124	$2,017,049	$6,813,160	$373,075

INTERNATIONAL ASSOC OF BRIDGE STRUCTURAL IRONWORKERS LOCAL 229