BOILERMAKERS LOCAL NO 85 JOINT TRAINING AND EDUCATIONAL TRUST FUND (EIN 341201109) - 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

1976

Legal Domicile

Principal Officer

TIM TIMMONS

Phone

4196667761

Tax Period

2023-08-01 to 2024-07-31

BOILERMAKERS LOCAL NO 85 JOINT TRAINING AND EDUCATIONAL TRUST FUND, founded in 1976, is a small nonprofit in the Education sector that reported $604K in total revenue in fiscal year 2023. Expenses of $816K exceeded revenue, resulting in a 35% operating deficit.

Mission

BOILERMAKER APPRENTICESHIP TRAINING AND JOURNEYMAN UPGRADING PROGRAMS

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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 $384,867

Investment Income $102,306

Other Revenue $116,488

TOTAL REVENUE $603,661

Expense Breakdown

Grants Paid $0

Salaries & Benefits $556,730

Fundraising Expenses $0

Program Expenses $731,641

Other Expenses $259,189

TOTAL EXPENSES $815,919

Year-over-Year Comparison

	2023	2022	Change
Revenue	$603,661	$582,718	+0.0%
Expenses	$815,919	$711,905	+0.1%
Net Income	$-212,258	$-129,187	+0.6%

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

Total Directors

$6,391

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC RILEY	ALT TRUSTEE	0.20	Director	$5,065	$0	$5,065
KENNETH MCCARTHY	TRUSTEE	0.20	Director	$1,326	$0	$1,326
STEVE COFFMAN	TRUSTEE	0.20	Director	$0	$0	$0
ROBERT DZIERZAK	TRUSTEE	0.20	Director	$0	$0	$0
RONALD HORNER	CHAIRMAN	0.40	Director	$0	$0	$0
ANNE SALOFF	ALT TRUSTEE	0.20	Director	$0	$0	$0
TIM TIMMONS	FINANCIAL-SE	1.00	Officer Director	$0	$0	$0
MICHAEL WATSON	TRUSTEE	0.20	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
2025	No data	No data	No data	No data
2024	$603,661	$815,919	$3,843,714	$-212,258
2023	$582,718	$711,905	$3,226,920	$-129,187
2022	$776,562	$672,749	$3,206,734	$103,813
2021	$622,911	$596,532	$3,496,340	$26,379
2020	$1,034,505	$566,618	$2,983,735	$467,887
2019	$1,024,941	$531,468	$2,384,203	$493,473
2018	$614,159	$687,826	$1,850,334	$-73,667

BOILERMAKERS LOCAL NO 85 JOINT TRAINING AND EDUCATIONAL TRUST FUND