BOILERMAKERS LOCAL 363 SUPPLEMENTAL TRAINING & EDUCATIONAL FUND (EIN 371402052) - 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

2000

Legal Domicile

Principal Officer

JOSHUA J RATERMAN

Phone

6182348843

Tax Period

2024-07-01 to 2025-06-30

BOILERMAKERS LOCAL 363 SUPPLEMENTAL TRAINING & EDUCATIONAL FUND, founded in 2000, is a small nonprofit in the Mutual Benefit sector that reported $251K in total revenue in fiscal year 2020. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $59K, a strong 24% operating margin.

Mission

BOILERMAKERS LOCAL 363 SUPPLEMENTAL TRAINING AND EDUCATIONAL FUND (THE FUND) ESTABLISHED ON SEPTEMBER 1,2000 PROVIDES SUPPLEMENTAL TRAINING AND EDUCATIONAL PROGRAMS FOR APPRENTICES, JOURNEYMEN, AND OTHER PERSONS IN THE BOILERMAKER FABRICATING, CONSTRUCTION, AND SERVICE INDUSTRIES IN WHICH MEMBER EMPLOYERS OF THE COMMITTEE AND OTHER EMPLOYERS ARE ENGAGED. THE FUND IS MAINTAINED BY EMPLOYER CONTRIBUTIONS OF .40 CENTS STARTING JANUARY 1, 2025 AND 31 CENTS PER HOUR PRIOR FOR HOURS WORKED BY EMPLOYEES COVERED BY COLLECTIVE BARGAINING AGREEMENTS BETWEEN BOILERMAKERS LOCAL 363 AND SIGNATORY EMPLOYERS.

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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 $215,157

Investment Income $39,072

Other Revenue $70,010

TOTAL REVENUE $324,239

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $301,185

Other Expenses $310,388

TOTAL EXPENSES $310,388

Year-over-Year Comparison

	2024	2023	Change
Revenue	$324,239	$265,847	+0.2%
Expenses	$310,388	$291,769	+0.1%
Net Income	$13,851	$-25,922	-1.5%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM M MULCONNERY	TRUSTEE	1.00	Officer Director	$0	$0	$0
DAN SULLIVAN	TRUSTEE	0.25	Director	$0	$0	$0
JOSHUA J RATERMAN	TRUSTEE	0.25	Director	$0	$0	$0
KEVIN STEWART	TRUSTEE	0.25	Director	$0	$0	$0
CHAD COTTER	TRUSTEE	0.50	Officer Director	$0	$0	$0
JIM IRWIN	TRUSTEE	0.25	Director	$0	$0	$0
THOMAS DZURILLA	TRUSTEE	0.25	Director	$0	$0	$0
KRIS WARREN	TRUSTEE	0.25	Director	$0	$0	$0
ERIC SITZE	TRUSTEE	0.25	Director	$0	$0	$0

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	$324,239	$310,388	$1,094,267	$13,851
2024	$265,847	$291,769	$1,071,020	$-25,922
2023	$244,986	$223,300	$1,098,082	$21,686
2022	$217,032	$230,784	$1,066,651	$-13,752
2021	$250,856	$191,772	$1,083,082	$59,084

BOILERMAKERS LOCAL 363 SUPPLEMENTAL TRAINING & EDUCATIONAL FUND