BOILERMAKERS LOCAL 92 TRAINING FUND (EIN 471801933) - 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

2015

Legal Domicile

Principal Officer

ALFREDO LEYVA

Phone

9098779382

Tax Period

2024-01-01 to 2024-12-31

BOILERMAKERS LOCAL 92 TRAINING FUND, founded in 2015, is a community nonprofit in the Community Improvement sector that reported $3.9M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.5M, a strong 40% operating margin.

Mission

TO HOLD PLAN ASSETS FOR THE EXCLUSIVE PURPOSES OF PROVIDING APPRENTICESHIP AND JOURNEYMEN TRAINING IN THE BOILERMAKERS TRADES.

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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 $3,330,988

Investment Income $185,730

Other Revenue $378,166

TOTAL REVENUE $3,894,884

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,083,645

Fundraising Expenses $0

Program Expenses $1,895,232

Other Expenses $1,262,873

TOTAL EXPENSES $2,346,518

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,894,884	$3,514,233	+0.1%
Expenses	$2,346,518	$1,968,570	+0.2%
Net Income	$1,548,366	$1,545,663	+0.0%

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

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

$329,063

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALFREDO LEYVA	APPRENTICE COORDINATOR	40.0	Director	$176,731	$152,332	$329,063
HUGO CASTANEDA	WELDING INSTRUCTOR/TRAINER	40.0	Highest	$144,356	$139,426	$283,782
GUILLERMO OSEGUERA	WELDING INSTRUCTOR/TRAINER	40.0	Highest	$144,479	$139,126	$283,605
BILL HAMILTON	TRUSTEE	1.0	Director	$0	$0	$0
HENRY CORTEZ	TRUSTEE	1.0	Director	$0	$0	$0
LUIS MIRAMONTES	TRUSTEE - PAST	1.0	Director	$0	$0	$0
TOM BACA	TRUSTEE	1.0	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
2024	No data	No data	No data	No data
2024	$3,894,884	$2,346,518	$14,514,660	$1,548,366
2023	$3,514,233	$1,968,570	$12,937,192	$1,545,663
2022	$3,154,000	$2,052,116	$11,373,203	$1,101,884
2021	$2,121,827	$1,059,790	$12,035,092	$1,062,037
2020	$3,330,900	$757,337	$11,414,118	$2,573,563
2019	$3,473,287	$1,137,651	$9,194,442	$2,335,636
2018	$2,726,772	$708,923	$7,098,361	$2,017,849

BOILERMAKERS LOCAL 92 TRAINING FUND