INTERNATIONAL BROTHERHOOD OF BOILERMAKERS LOCAL #363 (EIN 370184500) - 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

JOSHUA J RATERMAN

Phone

6182348843

Tax Period

2024-07-01 to 2025-06-30

INTERNATIONAL BROTHERHOOD OF BOILERMAKERS LOCAL #363, founded in 1954, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $2.6M left a modest 4% surplus.

Mission

LOCAL LODGE NO. 363 HAS A STATED PURPOSE TO ORGANIZE ALL WORKERS FOR THEIR MORAL, ECONOMIC, AND SOCIAL ADVANCEMENT. TO ACHIEVE THIS PURPOSE, THE LOCAL'S OFFICERS AND BUSINESS AGENTS NEGOTIATE COLLECTIVE BARGAINING AGREEMENTS WITH EMPLOYERS ON BEHALF OF THE LOCAL'S MEMBERSHIP. THE LOCAL IS A NOT-FOR-PROFIT ORGANIZATION AND ITS EXEMPT FROM FEDERAL INCOME TAX UNDER GROUP EXEMPTION NUMBER GEN 1252 DATED JULY 13, 1954. THE LOCAL IS AFFILIATED WITH THE INTERNATIONAL BROTHERHOOD OF BOILERMAKERS, IRON SHIP BUILDERS, BLACKSMITHS, FORGERS, AND HELPERS, AND AS SUCH, IS COVERED UNDER A GROUP EXEMPTION FILED BY THE INTERNATIONAL. THE INTERNAL REVENUE SERVICE HAS ADVISED THE LOCAL THAT THEY QUALIFY UNDER SECTION 501 (C) (5) OF THE INTERNAL REVENUE CODE AND IS, THEREFORE, NOT SUBJECT TO TAX UNDER PRESENT INCOME TAX LAWS.

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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 $2,164,035

Investment Income $458,675

Other Revenue $77,476

TOTAL REVENUE $2,700,186

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,490,779

Fundraising Expenses $0

Program Expenses $2,513,756

Other Expenses $1,089,887

TOTAL EXPENSES $2,580,666

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,700,186	$2,308,091	+0.2%
Expenses	$2,580,666	$2,459,829	+0.0%
Net Income	$119,520	$-151,738	-1.8%

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

$984,949

Total Directors

$1,055,130

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM M MULCONNERY	BUSINESS MANAGER	55.00	Officer Director	$148,139	$122,279	$270,418
BRIAN CUTSINGER	PAST/PRESIDENT	55.00	Officer Director	$94,397	$92,054	$186,451
CHAD VERBLE	VICE PRESIDENT	55.00	Officer Director	$135,850	$87,330	$223,180
PAUL UNDERHILL	SECRETARY	55.00	Officer Director	$140,709	$87,330	$228,039
JOSH RATERMAN	TRUSTEE/PRESIDENT	55.00	Officer Director	$45,815	$31,046	$76,861
MIKE DINAN	TRUSTEE	1.00	Director	$37,727	$28,939	$66,666
JIM IRWIN	TRUSTEE	1.00	Director	$1,450	$831	$2,281
BRAD ENGLISH	INSPECTOR	1.00	Director	$680	$554	$1,234

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	$2,700,186	$2,580,666	$10,815,107	$119,520
2024	$2,308,091	$2,459,829	$10,652,481	$-151,738
2023	$2,636,786	$2,561,984	$10,823,328	$74,802
2022	$2,283,546	$2,537,790	$10,725,983	$-254,244
2021	$2,840,454	$2,364,048	$10,997,971	$476,406

INTERNATIONAL BROTHERHOOD OF BOILERMAKERS LOCAL #363