INT BROTHERHOOD OF BOILERMAKERS LOCAL 29 (EIN 041472071) - 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

1928

Legal Domicile

Principal Officer

ERIC EDGREN

Phone

6173288400

Tax Period

2024-07-01 to 2025-06-30

INT BROTHERHOOD OF BOILERMAKERS LOCAL 29, founded in 1928, is a small nonprofit that reported $597K in total revenue in fiscal year 2024. Expenses of $771K exceeded revenue, resulting in a 29% operating deficit.

Mission

LABOR UNION

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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 $100,000

Program Service Revenue $414,039

Investment Income $55,123

Other Revenue $27,695

TOTAL REVENUE $596,857

Expense Breakdown

Grants Paid $0

Salaries & Benefits $388,987

Fundraising Expenses $0

Other Expenses $382,258

TOTAL EXPENSES $771,245

Year-over-Year Comparison

	2024	2023	Change
Revenue	$596,857	$582,487	+0.0%
Expenses	$771,245	$828,672	-0.1%
Net Income	$-174,388	$-246,185	-0.3%

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

$213,930

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RUSSELL GRAFTON II	CHAIRMAN - TRUSTEE	10.00	Officer Director	$0	$0	$0
BILLY KING	SERGENT AT ARMS	10.00	Officer Director	$0	$0	$0
ERIC DEFUSCO	TRUSTEE	0.00	Officer Director	$0	$0	$0
JOSEPH RE	TRUSTEE	0.00	Officer Director	$0	$0	$0
STEPHEN AVILA JR	RECORDING SECRETARY	10.00	Officer	$0	$0	$0
MICHAEL HANCOCK	PRESIDENT	10.00	Officer	$10,779	$1,319	$12,098
SCOTT BURKE	VICE PRESIDENT	40.00	Officer	$132,380	$56,817	$189,197
ERIC EDGREN	BUSINESS MANAGER/SEC-TREAS	40.00	Officer	$1,925	$10,710	$12,635
CHARLES HANCOCK	FORMER BUSINESS MANAGER/SEC-TREAS	40.00		$137,399	$48,784	$186,183

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	$596,857	$771,245	$2,202,899	$-174,388
2024	$582,487	$828,672	$2,387,266	$-246,185
2023	$647,247	$805,699	$2,637,970	$-158,452
2022	$786,037	$921,140	$2,807,297	$-135,103
2021	$503,794	$808,208	$3,026,884	$-304,414
2020	$627,621	$1,018,345	$3,255,763	$-390,724
2019	$1,728,943	$1,245,189	$3,639,762	$483,754
2018	$848,213	$1,113,228	$2,629,273	$-265,015

INT BROTHERHOOD OF BOILERMAKERS LOCAL 29