INTERNATIONAL BROTHERHOOD OF BOILERMAKERS LOCAL LODGE NO 374 (EIN 350415485) - 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

1933

Legal Domicile

Principal Officer

BRAD SIEVERS

Phone

2198451000

Tax Period

2024-07-01 to 2025-06-30

INTERNATIONAL BROTHERHOOD OF BOILERMAKERS LOCAL LODGE NO 374, founded in 1933, is a community nonprofit that reported $5.0M in total revenue in fiscal year 2024. Revenue surged 40% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.4M, a strong 28% operating margin.

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 $0

Program Service Revenue $4,642,674

Investment Income $278,875

Other Revenue $38,208

TOTAL REVENUE $4,959,757

Expense Breakdown

Grants Paid $16,556

Salaries & Benefits $1,714,285

Fundraising Expenses $0

Other Expenses $1,831,166

TOTAL EXPENSES $3,562,007

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,959,757	$3,540,711	+0.4%
Expenses	$3,562,007	$3,210,582	+0.1%
Net Income	$1,397,750	$330,129	+3.2%

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

N/A

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

$546,330

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SEAN BURKE	PRESIDENT	1.00	Officer	$1,350	$0	$1,350
WILLIAM TURNER	VICE PRESIDENT	1.00	Officer	$1,000	$0	$1,000
NICK TOKARZ	RECORDING SECRETARY/ASST B	40.00	Officer	$167,260	$91,767	$259,027
THOMAS GAMMONS	TRUSTEE	1.00	Officer	$875	$0	$875
COLT FELLER	TRUSTEE	1.00	Officer	$1,000	$0	$1,000
BRADLEY SIEVERS	BUS. MANAGER/SEC TREASURER	40.00	Officer	$183,201	$97,877	$281,078
BRANDON MCDONALD	TRUSTEE	1.00	Officer	$875	$0	$875
DEVIN FELLER	INSPECTOR	1.00	Officer	$1,125	$0	$1,125
DAVID WILLIS	ASSISTANT BUSINESS REP	40.00	Highest	$165,297	$91,767	$257,064
PETER MERKEL	ASSISTANT BUSINESS REP	40.00	Highest	$165,733	$91,767	$257,500
JASON STRUZIK	ASSISTANT BUSINESS REP	40.00	Highest	$168,225	$91,767	$259,992
TIMOTHY BRUMFIELD	ASSISTANT BUSINESS REP	40.00	Highest	$164,808	$91,767	$256,575

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	$4,959,757	$3,562,007	$11,264,949	$1,397,750
2024	$3,540,711	$3,210,582	$10,910,400	$330,129
2023	$4,149,639	$3,365,760	$10,913,563	$783,879
2022	$4,266,501	$3,255,949	$10,587,366	$1,010,552
2021	$2,417,861	$3,084,074	$10,223,196	$-666,213
2020	$2,632,337	$3,518,342	$10,484,447	$-886,005
2019	$3,600,689	$4,001,101	$12,234,440	$-400,412

INTERNATIONAL BROTHERHOOD OF BOILERMAKERS LOCAL LODGE NO 374