Iron Workers Locals No 15 & 424 is a 501(c)(3) organization based in Cromwell, Connecticut, registered in 2016, with $1,156,514 in FY2023 revenue. CharityIndex grades it B.
Revenue (FY2023)
$1.2M
▲ 31.5% vs prior year
Education median: $200K
Expenses (FY2023)
$1.1M
Net assets
$436K
Employees
—
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Iron Workers Locals No 15 & 424— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Iron Workers Locals No 15 & 424: 5 mo reserves · +5% margin earns a A on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Iron Workers Locals No 15 & 424— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Iron Workers Locals No 15 & 424: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $347K (FY2009) to $1.2M (FY2023) across 12 reported years.
Financial snapshot
Operating margin
5.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$558K
Total liabilities
$123K
Net assets
$436K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $1,156,514▲31.5% | $1,097,977▲23.5% | $435,781▲15.5% | $558,336▲8.0% | 990 |
| 2022 | $879,533▲7.3% | $888,702▼13.0% | $377,244▼2.4% | $517,047▲27.9% | 990 |
| 2021 | $819,969▲3.5% | $1,021,233▲28.4% | $386,413▼34.2% | $404,327▼33.0% | 990 |
| 2020 | $792,028▲25.8% | $795,410▼5.5% | $587,677▼0.6% | $603,415▼12.5% | 990 |
| 2019 | $629,348▼11.8% | $841,919▲0.7% | $591,059▼26.5% | $689,715▼16.5% | 990 |
| 2018 | $713,636▼6.7% | $836,385▲1.3% | $803,630▼13.3% | $825,685▼11.5% | 990 |
| 2017 | $765,270▼0.8% | $825,574▲4.3% | $926,379▼6.1% | $932,621▼6.2% | 990 |
| 2016 | $771,680▼31.9% | $791,434▼0.9% | $986,683▼2.0% | $993,785▼4.8% | 990 |
| 2015 | $1,133,674▲48.8% | $798,436▲11.3% | $1,006,437▲49.9% | $1,044,165▲48.4% | 990 |
| 2014 | $762,034▲25.8% | $717,383▲35.6% | $671,199▲7.1% | $703,734▲9.3% | 990 |
| 2013 | $605,580 | $529,091▼9.5% | $626,548▲13.9% | $643,636▲15.0% | 990 |
| 2012 | — | $584,820▼2.2% | $550,059▲7.4% | $559,815▲7.2% | 990 |
| 2011 | — | $597,765▲1.9% | $512,268▼24.3% | $521,984▼24.4% | 990 |
| 2010 | — | $586,345▲4.4% | $676,292▼25.8% | $690,538▼25.7% | 990 |
| 2009 | $346,981 | $561,673 | $911,014 | $928,940 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Data for Iron Workers Locals No 15 & 424 (EIN 06-6087354) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.