International Association of Bridge Structural Iron Workers Local 568
Nonprofit profile at a glance
- EIN
- 520313886
- IRS 990 coverage
- 2012–2025
- Forms available
- Form 990 2025
- Location
- Cumberland, MD, USA
- Phone
- 3017777433
- Rating
- 71
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $476,510
- Expenses
- $505,216
- Assets
- $450,822
- Liabilities
- $5,711
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
13 people listed
Executive titles in this filing
- ERIC HUGHES (PRESIDENT)
Highest reported compensation
- DANIEL W CESSNA (TREASURER/BU): $156,531 total reported compensation
- ERIC HUGHES (PRESIDENT): $48,308 total reported compensation
- STEPHEN MCCARLEY (EXECUTIVE CO): $18,525 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The union's purpose is to encourage and develop a higher standard of skill, to equitably distribute opportunities of employment, to secure by legal and proper means pay commensurate with the hazards endured by the members in the performance of their trade, to discourage piece work, to promote safe and reasonable methods at work, and to culitivate moral, intellectual and social conditions for the well being of all its members and their families.
What it reported doing in 2025
The union's purpose is to encourage and develop a higher standard of skill, to equitably distribute opportunities of employment, to secure by legal and proper means pay commensurate with the hazards endured by the members in the performance of their trade, to discourage piece work, to promote safe and reasonable methods at work, and to cultivate moral, intellectual, and social conditions for the well being of all its members and their families.
Operating model
- Revenue model
- Earned-program. 86% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 77% for direct work, and 23% for affiliated organizations.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 89
- Transparency & Controls: 60
- Accountability: 54
- Sustainability: 28
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 61.5%; rating input score 62; 20th percentile among comparable filings
- Governance controls: 4 of 9 controls in place; rating input score 44
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -6%; rating input score 24; 24th percentile among comparable filings
- Total-asset coverage ratio: 0.89; rating input score 38; 38th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 38; 38th percentile among comparable filings
- Officer compensation ratio: 35.4%; rating input score 8; 8th percentile among comparable filings
Growth
- Program expense growth: 36.6% per year; rating input score 100; 92nd percentile among comparable filings
- Revenue growth: 2.9% per year; rating input score 100; 35th percentile among comparable filings
- Asset growth: 2.7% per year; rating input score 100; 34th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: 8 of 13 board members independent · 4 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $157K · 13 people listed · 0 of 6 pay-setting controls reported
- Consistency: 28 of 28 current checks pass
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 13 filing years from 2012 to 2025
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Related organizations: 4 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Moderate — Accountability: Governance controls: 4 of 8 not reported.
- High — Sustainability: Operating margin scored 24/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 38/100.
- High — Sustainability: Officer compensation ratio scored 8/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 38/100.