BOILERMAKERS LOCAL NO 60 TRAINING AND EDUCATION FUND (EIN 371330741) - 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

1994

Legal Domicile

Principal Officer

DARREN LINDEE

Phone

3092667144

Tax Period

2024-07-01 to 2025-06-30

BOILERMAKERS LOCAL NO 60 TRAINING AND EDUCATION FUND, founded in 1994, is a small nonprofit that reported $589K in total revenue in fiscal year 2024. Revenue surged 59% from the prior year, signaling strong growth momentum. The organization ran a surplus of $285K, a strong 48% operating margin.

Mission

EDUCATION AND TRAINING

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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 $488,556

Investment Income $28,544

Other Revenue $71,767

TOTAL REVENUE $588,867

Expense Breakdown

Grants Paid $0

Salaries & Benefits $152,800

Fundraising Expenses $0

Other Expenses $150,848

TOTAL EXPENSES $303,648

Year-over-Year Comparison

	2024	2023	Change
Revenue	$588,867	$369,747	+0.6%
Expenses	$303,648	$223,644	+0.4%
Net Income	$285,219	$146,103	+1.0%

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

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

$89,808

Total Directors

$89,808

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DARREN LINDEE	TRUSTEE	10.00	Officer Director	$4,957	$3,481	$8,438
BOB SEGEIT	TRUSTEE	1.00	Director	$0	$0	$0
BRENT TILLMAN	TRUSTEE	1.00	Director	$0	$0	$0
BRIAN DOWDEN	TRUSTEE	1.00	Director	$0	$0	$0
MARTIN WILLIAMS	TRUSTEE	1.00	Director	$0	$0	$0
REX MCMORRIS	APPRENTICE COORDINATOR/TRU	22.00	Officer Director	$45,870	$35,500	$81,370

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	$588,867	$303,648	$947,786	$285,219
2024	$369,747	$223,644	$662,884	$146,103
2023	$408,456	$215,809	$517,070	$192,647
2022	$365,402	$195,656	$324,813	$169,746
2021	$180,984	$233,499	$169,503	$-52,515
2020	$181,561	$314,804	$206,586	$-133,243
2019	$222,470	$246,488	$339,829	$-24,018

BOILERMAKERS LOCAL NO 60 TRAINING AND EDUCATION FUND