Int'l Brotherhood of Boilermakers Loc 85 Supplemental Welfare Plan and Trust

EIN: 364513878 Mutual Benefit

Holland, OH

Total Revenue
$1,010,887
Total Expenses
$640,174
Total Assets
$15,666,984
Net Assets
$15,641,759
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
OH
Principal Officer
Tim Timmons
Phone
4192482401
Tax Period
2023-01-01 to 2023-12-31

Int'l Brotherhood of Boilermakers Loc 85 Supplemental Welfare Plan and Trust, founded in 2003, is a community nonprofit in the Mutual Benefit sector that reported $1.0M in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $371K, a strong 37% operating margin.

Mission

The fund provides supplemental health benefits to eligible members of the International Brotherhood of Boilermakers Local 85.

Program Service Accomplishments

Program 1

Provides supplemental health benefits to eligible members of the International Brotherhood of Boilermakers Local 85.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $436,338
Investment Income $574,549
Other Revenue $0
TOTAL REVENUE $1,010,887

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $141,242
TOTAL EXPENSES $640,174

Year-over-Year Comparison

2023 2022 Change
Revenue $1,010,887 $827,894 +0.2%
Expenses $640,174 $707,239 -0.1%
Net Income $370,713 $120,655 +2.1%
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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Governance

Voting Members
9
Independent Members
8
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
0
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Tim Timmons Trustee 1.00
Director
$0 $0 $0
Rob Martin Trustee 1.00
Director
$0 $0 $0
Robert Dzierzak Trustee 1.00
Director
$0 $0 $0
Anne Saloff Trustee 1.00
Director
$0 $0 $0
GJ Stuller Trustee 1.00
Director
$0 $0 $0
Bobbie Strayer Trustee 1.00
Director
$0 $0 $0
Eric Riley Trustee 1.00
Director
$0 $0 $0
Ken McCarthy Trustee 1.00
Director
$0 $0 $0
N/A Institutional Trustee 1.00
$65,488 $0 $65,488
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 $1,010,887 $640,174 $15,666,984 $370,713
2022 $827,894 $707,239 $14,597,770 $120,655
2021 $1,157,113 $815,714 $16,198,919 $341,399
2020 $979,685 $915,713 $14,991,377 $63,972
2019 $2,063,683 $957,217 $13,806,259 $1,106,466
2018 $1,318,632 $909,555 $11,118,020 $409,077
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