BOILERMAKERS NATIONAL HEALTH & WELFARE FUND (EIN 366090694) - 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

MARIO RODRIGUEZ

Phone

9139067517

Tax Period

2024-01-01 to 2024-12-31

BOILERMAKERS NATIONAL HEALTH & WELFARE FUND, founded in 1954, is a major nonprofit that reported $224.6M in total revenue in fiscal year 2024. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $192.7M left a modest 14% surplus.

Mission

TO PROVIDE HEALTH AND WELFARE 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $171,719,918

Investment Income $52,893,613

Other Revenue $0

TOTAL REVENUE $224,613,531

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,981,450

Fundraising Expenses $0

Other Expenses $9,107,529

TOTAL EXPENSES $192,674,975

Year-over-Year Comparison

	2024	2023	Change
Revenue	$224,613,531	$307,756,526	-0.3%
Expenses	$192,674,975	$191,091,066	+0.0%
Net Income	$31,938,556	$116,665,460	-0.7%

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

N/A

Volunteers

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

$1,512,963

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RONNIE TRAXLER	MANAGEMENT TRUSTEE - CHAIR	1.10	Officer Director	$0	$0	$0
JOHN FULTZ	SEE SCHEDULE O	0.94	Officer Director	$0	$0	$0
SHELDON TRAXLER	MANAGEMENT TRUSTEE-VICE CH	0.85	Officer Director	$0	$0	$0
J MICHAEL CARROLL	MANAGEMENT TRUSTEE	0.12	Director	$0	$0	$0
JOSEPH REYNOLDS	MANAGEMENT TRUSTEE	0.40	Director	$0	$0	$0
WILLIAM MULCONNERY	SEE SCHEDULE O	0.98	Director	$0	$0	$0
CHRISTOPHER O'NEILL	SEE SCHEDULE O	0.50	Director	$0	$0	$0
ANTHONY HOWELL	SEE SCHEDULE O	0.92	Director	$0	$0	$0
CRAIG BELFATTO	MANAGEMENT TRUSTEE	0.71	Director	$0	$0	$0
AARON LANDOLT	MANAGEMENT TRUSTEE	0.65	Director	$0	$0	$0
ED MCWHORTER III	MANAGEMENT TRUSTEE	0.88	Director	$0	$0	$0
JOHN VALVO	MANAGEMENT TRUSTEE	1.38	Director	$0	$0	$0
TIMOTHY JEFFERIES	SEE SCHEDULE O	0.65	Director	$0	$0	$0
TIMOTHY SIMMONS	SEE SCHEDULE O	0.40	Director	$0	$0	$0
LUIS MIRAMONTES	SEE SCHEDULE O	0.67	Director	$0	$0	$0
LUKE VOIGT	SEE SCHEDULE O	1.42	Director	$0	$0	$0
SCOTT AMBROSE	MANAGEMENT TRUSTEE	0.71	Director	$0	$0	$0
BYRON CARROLL	MANAGEMENT TRUSTEE	0.62	Director	$0	$0	$0
DANIEL DECARLO	SEE SCHEDULE O	1.08	Director	$0	$0	$0
MICHAEL STANTON	SEE SCHEDULE O	1.13	Director	$0	$0	$0
MARIO RODRIQUEZ	CHIEF INVESTMENT OFFICER	12.80	Officer	$135,121	$150,889	$574,112
CHRISTINE KING	RETIREMENT PLANS & MANAGING DIRECTOR	4.00	Officer	$33,323	$130,077	$463,178
LAURA PHELPS	CHIEF LEGAL OFFICER	26.00	Officer	$220,942	$133,704	$475,673
BRIDGET HILLEBERT	FUND EMPLOYEE	40.00	Highest	$178,207	$77,552	$256,293
MARGARET SHRIVER	FUND EMPLOYEE	3.20	Highest	$9,540	$59,113	$174,552
CYNTHIA DEKEYSER	FUND EMPLOYEE	12.80	Highest	$47,405	$63,287	$211,011
KATHY JAMES	FUND EMPLOYEE	13.60	Highest	$46,375	$65,905	$201,955

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	$224,613,531	$192,674,975	$1,313,533,949	$31,938,556
2023	$307,756,526	$191,091,066	$1,237,021,017	$116,665,460
2022	$214,239,032	$197,065,732	$1,158,235,747	$17,173,300
2021	$255,866,207	$196,388,097	$1,261,871,691	$59,478,110
2020	$237,417,302	$207,714,305	$1,150,310,490	$29,702,997
2019	$272,257,441	$228,575,990	$1,149,045,769	$43,681,451
2019	$272,257,441	$228,575,990	$1,149,045,769	$43,681,451
2019	$272,257,441	$228,575,990	$1,149,045,769	$43,681,451
2018	$266,628,139	$242,099,493	$995,685,760	$24,528,646
2018	$266,628,139	$242,099,493	$995,685,760	$24,528,646

BOILERMAKERS NATIONAL HEALTH & WELFARE FUND