BOILERMAKERS LOCAL 83 SUPPLEMENTAL HEALTH AND WELFARE PLAN (EIN 205130170) - 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

2006

Legal Domicile

Principal Officer

TOM DZURILLA

Phone

8165238300

Tax Period

2023-01-01 to 2023-12-31

BOILERMAKERS LOCAL 83 SUPPLEMENTAL HEALTH AND WELFARE PLAN, founded in 2006, is a small nonprofit in the Mutual Benefit sector that reported $692K in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $952K exceeded revenue, resulting in a 38% operating deficit.

Mission

TO PROVIDE SUPPLEMENTAL BENEFITS TO RETIRED MEMBERS OF THE BOILERMAKERS LOCAL UNION 83 AND, IN CERTAIN CASES, TO RETIRED MEMBERS OF OTHER BOILERMAKERS LOCAL UNIONS WORKING WITHIN THE JURISDICTION OF LOCAL 83, WHO QUALIFY FOR BENEFITS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $308,368

Investment Income $383,269

Other Revenue $0

TOTAL REVENUE $691,637

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $952,168

Other Expenses $144,836

TOTAL EXPENSES $952,168

Year-over-Year Comparison

	2023	2022	Change
Revenue	$691,637	$638,317	+0.1%
Expenses	$952,168	$1,058,635	-0.1%
Net Income	$-260,531	$-420,318	-0.4%

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
TOM DZURILLA	SECRETARY-TR	3.00	Officer Director	$0	$0	$0
DANIEL EARNEST	EMPLOYER TRU	3.00	Director	$0	$0	$0
CASEY JENSEN	PLAN ADMINIS	3.00	Director	$0	$0	$0
PAT MEUNIER	EMPLOYER TRU	3.00	Director	$0	$0	$0
DAN SULIVAN	UNION TRUSTE	3.00	Director	$0	$0	$0
LUKE VOIGHT	UNION TRUSTE	3.00	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	No data	No data	No data	No data
2023	$691,637	$952,168	$12,999,257	$-260,531
2022	$638,317	$1,058,635	$12,703,164	$-420,318
2021	$1,541,187	$1,195,615	$14,844,885	$345,572
2020	$1,038,721	$1,300,163	$15,192,713	$-261,442
2019	$1,197,527	$1,202,443	$14,802,386	$-4,916
2018	$1,269,282	$1,269,408	$14,207,794	$-126

BOILERMAKERS LOCAL 83 SUPPLEMENTAL HEALTH AND WELFARE PLAN