BOILERMAKERS LOCAL LODGE NO 5 WELFARE F (EIN 136121371) - 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

1969

Legal Domicile

Principal Officer

THOMAS RYAN

Phone

5163335184

Tax Period

2024-01-01 to 2024-12-31

BOILERMAKERS LOCAL LODGE NO 5 WELFARE F, founded in 1969, is a small nonprofit that reported $488K in total revenue in fiscal year 2024. Revenue surged 100% from the prior year, signaling strong growth momentum. The organization ran a surplus of $287K, a strong 59% operating margin.

Mission

THE WELFARE FUND PROVIDES BENEFITS TO MEMBERS FROM CONTRIBUTIONS RECEIVED FROM EMPLOYERS SUBJECT TO THE COLLECTIVE BARGAINING AGREEMENTS. THE PLAN COVERS LIFE INSURANCE FOR BOTH ACTIVE AND RETIREED MEMBERS.

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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 $0

Program Service Revenue $132,780

Investment Income $354,801

Other Revenue $0

TOTAL REVENUE $487,581

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $60,759

TOTAL EXPENSES $200,122

Year-over-Year Comparison

	2024	2023	Change
Revenue	$487,581	$244,029	+1.0%
Expenses	$200,122	$189,528	+0.1%
Net Income	$287,459	$54,501	+4.3%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN VALVO	EMPLOYER TRUSTE	1.00	Director	$0	$0	$0
SAM MIRIAN	EMPLOYER TRUSTE	1.00	Director	$0	$0	$0
THOMAS RYAN	UNION TRUSTEE	2.00	Director	$0	$0	$0
KEVIN O'BRIEN	Union Trustee	2.00	Director	$0	$0	$0

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
2024	$487,581	$200,122	$2,428,686	$287,459
2023	$244,029	$189,528	$2,472,036	$54,501
2022	$160,470	$166,452	$2,629,262	$-5,982
2021	$107,731	$152,069	$2,272,154	$-44,338
2020	$523,407	$137,510	$2,316,609	$385,897
2020	$440,643	$137,510	$2,302,262	$303,133
2019	$378,309	$131,345	$2,590,636	$246,964
2018	$210,816	$150,773	$2,446,342	$60,043

BOILERMAKERS LOCAL LODGE NO 5 WELFARE F