INTERNATIONAL BROTHERHOOD OF BOILER MAKERS IRON SHIP BUILDERS BLACKSM (EIN 390517882) - 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

MATTHEW BALES

Phone

2627543167

Tax Period

2024-07-01 to 2025-06-30

INTERNATIONAL BROTHERHOOD OF BOILER MAKERS IRON SHIP BUILDERS BLACKSM, founded in 1954, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Net assets of $5.0M represent 58 months of operating reserves.

Mission

WE TRAIN APPRENTICES TO BECOME SKILLED JOURNEYMEN TO PROVIDE THOSE SERVICES TO OUR CONTRACTORS. THIS PROVIDES VALUE BY PRODUCTIVITY, SAFETY, AND BRINGS JOBS IN ON TIME.

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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 $739,991

Investment Income $156,226

Other Revenue $128,207

TOTAL REVENUE $1,024,424

Expense Breakdown

Grants Paid $4,790

Salaries & Benefits $557,694

Fundraising Expenses $0

Program Expenses $892,556

Other Expenses $509,860

TOTAL EXPENSES $1,107,112

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,024,424	$1,201,293	-0.1%
Expenses	$1,107,112	$1,037,471	+0.1%
Net Income	$-82,688	$163,822	-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

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

$133,373

Total Directors

$269,280

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICK MCMAHON	TRUSTEE	55.00	Director	$135,907	$0	$135,907
MATTHEW BALES	BUSINESS MAN	55.00	Officer Director	$133,373	$0	$133,373
CAMILLO DIBENEDETTO	VICE PRESIDE	0.00	Officer Director	$0	$0	$0
ERIC FREDRICKSON	RECORDING SE	0.00	Officer Director	$0	$0	$0
JOSEPH GARFIELD	PRESIDENT	0.00	Officer Director	$0	$0	$0
ABRAHAM INGRAM	INSPECTOR	0.00	Officer Director	$0	$0	$0
JAMES JURGOVSKY	TRUSTEE	0.00	Director	$0	$0	$0
SHAWN VANDERVILLE	TRUSTEE	0.00	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	$1,024,424	$1,107,112	$4,979,889	$-82,688
2024	$1,201,293	$1,037,471	$5,882,008	$163,822
2023	$1,045,349	$942,834	$5,721,229	$102,515
2022	$887,842	$911,937	$5,619,270	$-24,095
2021	$784,512	$925,313	$5,728,077	$-140,801

INTERNATIONAL BROTHERHOOD OF BOILER MAKERS IRON SHIP BUILDERS BLACKSM