INTERNATIONAL BROTHERHOOD OF BOILERMAKERS #28 (EIN 221482951) - 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

1954

Legal Domicile

Principal Officer

DAVID ADDISON

Phone

6097848963

Tax Period

2023-07-01 to 2024-06-30

INTERNATIONAL BROTHERHOOD OF BOILERMAKERS #28, founded in 1954, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2023. Revenue fell 29% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $490K, a strong 29% operating margin.

Mission

LOCAL UNION SERVES AS AN ENTITY WHICH HELPS PROVIDE EMPLOYMENT FOR 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 (2023)

Revenue Breakdown

Contributions & Grants $1,456,385

Program Service Revenue $0

Investment Income $39,349

Other Revenue $184,241

TOTAL REVENUE $1,679,975

Expense Breakdown

Grants Paid $0

Salaries & Benefits $554,185

Fundraising Expenses $0

Other Expenses $635,928

TOTAL EXPENSES $1,190,113

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,679,975	$2,371,711	-0.3%
Expenses	$1,190,113	$1,612,697	-0.3%
Net Income	$489,862	$759,014	-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

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

$60,186

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES CHEW JR	FORMER BUS. MGR/SECRETARY/	40.00	Officer	$6,360	$14,798	$21,158
JOHN MORGAN	PRESIDENT	2.00	Officer	$7,750	$5,261	$13,011
JOHN KOKULAK	VICE PRESIDENT	2.00	Officer	$0	$0	$0
MICHAEL HARDING	RECORDING SECRETARY	2.00	Officer	$0	$0	$0
SCOTT PUGLISE	TRUSTEE	2.00	Officer	$0	$0	$0
WARREN MOLLOY	TRUSTEE	2.00	Officer	$0	$0	$0
PATRICK O'HOLLORAN	TRUSTEE	2.00	Officer	$0	$0	$0
JAMES PAGLIA	INSPECTOR	2.00	Officer	$15,557	$10,460	$26,017
DAVID ADDISON	BUS. MGR/SECRETARY/TREASUE	40.00	Highest	$166,121	$118,997	$285,118

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	No data	No data	No data	No data
2024	$1,679,975	$1,190,113	$3,341,880	$489,862
2023	$2,371,711	$1,612,697	$2,947,884	$759,014
2022	$1,311,697	$1,529,441	$2,275,622	$-217,744
2021	$1,485,882	$1,561,329	$2,705,708	$-75,447
2020	$1,206,303	$2,042,485	$2,695,754	$-836,182
2019	$1,510,985	$2,343,700	$3,599,910	$-832,715

INTERNATIONAL BROTHERHOOD OF BOILERMAKERS #28