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Local Union No 550 Of The Intl Assn Of Bridge Str & Orn Iron Workers

Local 550

Organization summary

Type of Nonprofit

Designated as a Labor, agricultural and horticultural organizations that are educational or instructive, including unions, created for the purpose of improving conditions of work, and products of efficiency.

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$2.13M (2024)

Expenses
$1.57M (2024)

Total Assets
$2.45M (2024)

Total Liabilities
$18k (2024)

Source: Form 990 tax filings from 2012 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2024

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,130,959
Expenses
$1,573,475
Net Income
$557,484
Net Assets
$2,435,628
Notable Sources of Revenue Percent of Total Revenue
Contributions $37,836
1.8%
Program Services $1,965,574
92.2%
Investment Income $62,715
2.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $64,834
3.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $243,717
15.5%
Professional Fundraising Fees $0
Other Salaries and Wages $52,961
3.4%
Assets/Debt
Total Assets $2,453,636
Total Liabilities $18,008
Net Assets $2,435,628
Compensation
Key Employees and Officers Compensation Related Other
William Sherer Ii (Past Business Manager) $97,525 $0 $0
Theron Hodge (Past Business Manager) $88,945 $0 $0
Gary Craft (President) $38,419 $0 $0
Sean Diekmann (Business Manager) $6,682 $0 $0
Gary Felgenhauer (Executive Committee) $3,128 $0 $0
Joseph Liolios (Executive Committee) $268 $0 $0
David Wayble (Executive Commitee) $268 $0 $0
Scott Slider (Trustee) $0 $0 $0
Doug Vickers (Trustee) $0 $0 $0
Nicholas Tsaftarides (Trustee) $0 $0 $0
Shawn Mccartney (Executive Committee) $0 $0 $0
Peter Huntley (Executive Committee Conductor) $0 $0 $0
Chad Jordan (Sergeant At Arms) $0 $0 $0

Document Links

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,091,607
Expenses
$1,726,384
Net Income
$365,223
Net Assets
$2,039,280
Notable Sources of Revenue Percent of Total Revenue
Contributions $103,308
4.9%
Program Services $1,995,953
95.4%
Investment Income $48,519
2.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$56,173
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $204,062
11.8%
Professional Fundraising Fees $0
Other Salaries and Wages $49,022
2.8%
Assets/Debt
Total Assets $2,057,904
Total Liabilities $18,624
Net Assets $2,039,280
Compensation
Key Employees and Officers Compensation Related Other
Theron Hodge (Business Agent Secretary) $84,388 $0 $0
William Sherer Ii (Business Manager) $81,236 $0 $0
Gary Craft (President) $10,110 $0 $0
Sean Diekmann (Vice President) $2,110 $0 $0
Shawn Mccartney (Executive Committee) $0 $72,532 $0
Scott Slider (Trustee) $0 $0 $0
Chad Jordan (Sergeant At Arms) $0 $0 $0
Doug Vickers (Trustee) $0 $0 $0
Nicholas Tsaftarides (Trustee) $0 $0 $0
Peter Huntley (Executive Committee Conductor) $0 $0 $0
Gary Felgenhauer (Executive Committee) $0 $0 $0
David Wayble (Executive Commitee) $0 $0 $0
Joseph Liolios (Executive Committee) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,674,883
Expenses
$1,347,399
Net Income
$327,484
Net Assets
$1,752,490
Notable Sources of Revenue Percent of Total Revenue
Contributions $203,372
12.1%
Program Services $1,456,681
87.0%
Investment Income $28,981
1.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$12,830
Net Inventory Sales $0
Other Revenue -$1,321
Notable Expenses Percent of Total Expenses
Executive Compensation $180,975
13.4%
Professional Fundraising Fees $0
Other Salaries and Wages $42,296
3.1%
Assets/Debt
Total Assets $1,759,935
Total Liabilities $7,445
Net Assets $1,752,490
Compensation
Key Employees and Officers Compensation Related Other
William V Sherer Ii (Business Manager) $84,158 $0 $0
Theron Hodge (Recording Secretary) $66,497 $0 $0
Gary Craft (President) $8,022 $0 $0
Sean Diekmann (Vice President) $2,345 $5,845 $0
Gary Felgenhauer (Director) $1,830 $653 $0
Douglas Vickers (Trustee) $0 $0 $0
Peter Huntley (Director) $0 $261 $0
Joseph Liolios (Director) $0 $2,542 $0
Scott Slider (Trustee) $0 $0 $0
Nicholas Tsaftarides (Trustee) $0 $0 $0
David Wayble (Director) $0 $0 $0
Shawn Mccartney (Director) $0 $66,593 $34,858
Chad Jordan (Director) $0 $34,292 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$877,728
Expenses
$930,357
Net Income
-$52,629
Net Assets
$1,594,797
Notable Sources of Revenue Percent of Total Revenue
Contributions $838,650
95.5%
Program Services $23,710
2.7%
Investment Income $14,284
1.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,084
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $121,316
13.0%
Professional Fundraising Fees $0
Other Salaries and Wages $40,156
4.3%
Assets/Debt
Total Assets $1,678,815
Total Liabilities $84,018
Net Assets $1,594,797
Compensation
Key Employees and Officers Compensation Related Other
William V Sherer Ii (Business Manager) $78,724 $0 $0
Theron Hodge (Recording Secretary) $15,186 $0 $0
Gary Craft (President) $3,394 $0 $0
Sean Diekmann (Vice President) $508 $0 $0
Elizabeth Brownfield (Trustee) $64 $0 $0
Scott Slider (Trustee) $64 $0 $0
Nicholas Tsaftarides (Trustee) $64 $0 $0
Gary Felgenhauer (Director) $0 $0 $0
Peter Huntley (Director) $0 $0 $0
Joseph Liolios (Director) $0 $0 $0
David Wayble (Director) $0 $0 $0
Shawn Mccartney (Director) $0 $50,193 $21,487
Chad Jordan (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$994,654
Expenses
$1,095,126
Net Income
-$100,472
Net Assets
$1,665,436
Notable Sources of Revenue Percent of Total Revenue
Contributions $958,557
96.4%
Program Services $11,923
1.2%
Investment Income $24,174
2.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $122,422
11.2%
Professional Fundraising Fees $0
Other Salaries and Wages $35,186
3.2%
Assets/Debt
Total Assets $1,665,819
Total Liabilities $383
Net Assets $1,665,436
Compensation
Key Employees and Officers Compensation Related Other
William V Sherer Ii (Business Manager) $74,372 $0 $0
Theron Hodge (Recording Secretary) $68,156 $0 $0
Gary Craft (President) $6,083 $0 $0
Sean Diekmann (Vice President) $1,497 $0 $0
David Wayble (Director) $241 $0 $0
Gary Felgenhauer (Director) $239 $0 $0
Peter Huntley (Director) $223 $0 $0
Joseph Liolios (Director) $223 $0 $0
Elizabeth Brownfield (Trustee) $0 $0 $0
Scott Slider (Trustee) $0 $0 $0
Nicholas Tsaftarides (Trustee) $0 $0 $0
Shawn Mccartney (Director) $0 $63,866 $33,601

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,354,035
Expenses
$1,386,662
Net Income
-$32,627
Net Assets
$1,823,453
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,311,528
96.9%
Program Services $13,400
1.0%
Investment Income $27,550
2.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,557
0.1%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $156,738
11.3%
Professional Fundraising Fees $0
Other Salaries and Wages $34,382
2.5%
Assets/Debt
Total Assets $1,831,496
Total Liabilities $8,043
Net Assets $1,823,453
Compensation
Key Employees and Officers Compensation Related Other
William V Sherer Ii (Business Manager) $72,198 $0 $0
Theron Hodge (Recording Secretary) $65,784 $0 $0
Gary Craft (President) $8,450 $0 $0
John Litman (President Outgoing) $5,311 $0 $0
Elizabeth Brownfield (Director) $1,204 $0 $0
Sean Diekmann (Vice President) $492 $0 $0
David Wayble (Director) $241 $0 $0
Gary Felgenhauer (Director) $239 $0 $0
Peter Huntley (Director) $223 $0 $0
Joseph Liolios (Director) $223 $0 $0
Scott Slider (Director) $0 $0 $0
Nicholas Tsaftarides (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,613,835
Expenses
$1,478,748
Net Income
$135,087
Net Assets
$1,856,080
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,572,193
97.4%
Program Services $20,735
1.3%
Investment Income $20,907
1.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $166,093
11.2%
Professional Fundraising Fees $0
Other Salaries and Wages $32,671
2.2%
Assets/Debt
Total Assets $1,863,859
Total Liabilities $7,779
Net Assets $1,856,080
Compensation
Key Employees and Officers Compensation Related Other
William V Sherer Ii (Business Manager) $73,777 $0 $0
Rick Moss (Former President (Through 3/2018)) $71,013 $0 $0
Gary Craft (Vice President) $5,459 $0 $0
Theron Hodge (Recording Secretary) $3,865 $0 $0
John Litman (President) $3,292 $0 $0
Elizabeth Brownfield (Director) $1,366 $0 $0
Michael Beard (Director) $218 $0 $0
Nicholas Tsaftarides (Director) $178 $0 $0
Scott Slider (Director) $171 $0 $0
Kiel Bethel (Director) $0 $0 $0
Sean Diekmann (Director) $0 $0 $0
Gary Felgenhauer (Director) $0 $0 $0
Peter Huntley (Director) $0 $0 $0
Rick Neff (Director) $0 $0 $0
David Wayble (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,654,639
Expenses
$1,365,472
Net Income
$289,167
Net Assets
$1,720,993
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,626,204
98.3%
Program Services $0
Investment Income $12,965
0.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,853
0.1%
Net Inventory Sales $0
Other Revenue $13,617
0.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $155,273
11.4%
Professional Fundraising Fees $0
Other Salaries and Wages $31,678
2.3%
Assets/Debt
Total Assets $1,729,041
Total Liabilities $8,048
Net Assets $1,720,993
Compensation
Key Employees and Officers Compensation Related Other
William V Sherer Ii (Business Manager) $74,780 $0 $820
Rick Moss (President) $67,944 $0 $428
Theron Hodge (Recording Secretary) $4,496 $0 $145
Gary Felgenhauer (Director) $1,693 $0 $0
John Litman (Vice President) $804 $0 $214
Michael Beard (Director) $588 $0 $0
David Wayble (Director) $446 $0 $0
Sean Diekmann (Director) $431 $0 $0
Kiel Bethel (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,224,885
Expenses
$1,124,554
Net Income
$100,331
Net Assets
$1,431,826
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,206,052
98.5%
Program Services $0
Investment Income $9,533
0.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $9,300
0.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $160,237
14.2%
Professional Fundraising Fees $0
Other Salaries and Wages $30,693
2.7%
Assets/Debt
Total Assets $1,438,955
Total Liabilities $7,129
Net Assets $1,431,826
Compensation
Key Employees and Officers Compensation Related Other
William V Sherer Ii (Business Manager) $81,234 $0 $0
Rick Moss (President) $76,405 $0 $0
Theron Hodge (Recording Secretary) $2,406 $0 $0
John Litman (Vice President) $0 $0 $0
Kiel Bethel (Director) $0 $0 $0
Gary Felgenhauer (Director) $0 $0 $0
David Wayble (Director) $0 $0 $0
Sean Diekmann (Director) $0 $0 $0
Michael Beard (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,341,894
Expenses
$1,086,367
Net Income
$255,527
Net Assets
$1,354,532
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,322,797
98.6%
Program Services $0
Investment Income $6,297
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $12,800
1.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $33,049
3.0%
Assets/Debt
Total Assets $1,363,341
Total Liabilities $8,809
Net Assets $1,354,532
Compensation
Key Employees and Officers Compensation Related Other
William V Sherer Ii (Business Manager) $78,908 $0 $0
Rick Moss (President) $71,371 $0 $0
Theron Hodge (Recording Secretary) $3,292 $0 $0
Bruce Galliher (Director) $906 $0 $0
John Litman (Vice President) $0 $0 $0
Gary Felgenhauer (Director) $0 $0 $0
David Wayble (Director) $0 $0 $0
Sean Diekmann (Director) $0 $0 $0
Michael Beard (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,057,039
Expenses
$960,628
Net Income
$96,411
Net Assets
$1,099,006
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,037,199
98.1%
Program Services $0
Investment Income $7,040
0.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $12,800
1.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $27,821
2.9%
Assets/Debt
Total Assets $1,106,017
Total Liabilities $7,011
Net Assets $1,099,006
Compensation
Key Employees and Officers Compensation Related Other
William V Sherer Ii (Business Manager) $76,192 $0 $0
Rick Moss (President) $71,014 $0 $0
Theron Hodge (Recording Secretary) $3,776 $0 $0
Sean Diekmann (Director) $1,508 $0 $0
John Litman (Vice President) $754 $0 $0
Bruce Galliher (Director) $754 $0 $0
Gary Felgenhauer (Director) $754 $0 $0
William Gander (Director) $754 $0 $0
Joseph Liolios (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,083,170
Expenses
$1,096,561
Net Income
-$13,391
Net Assets
$1,002,595
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,071,119
98.9%
Program Services $0
Investment Income $5,451
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $6,600
0.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $30,054
2.7%
Assets/Debt
Total Assets $1,007,882
Total Liabilities $5,287
Net Assets $1,002,595

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,065,665
Expenses
$917,481
Net Income
$148,184
Net Assets
$1,049,416
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,030,374
96.7%
Program Services $0
Investment Income $11,265
1.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $4,226
0.4%
Net Inventory Sales $0
Other Revenue $19,800
1.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $151,456
16.5%
Professional Fundraising Fees $0
Other Salaries and Wages $28,110
3.1%
Assets/Debt
Total Assets $1,055,213
Total Liabilities $5,797
Net Assets $1,049,416

Document Links

Fiscal Year Ending June
2011

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
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  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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