Western States Boilermakers Industry Fund (EIN 471810010) - 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

2014

Legal Domicile

Principal Officer

J TOM BACA

Phone

9258337300

Tax Period

2023-10-01 to 2024-09-30

Western States Boilermakers Industry Fund, founded in 2014, is a community nonprofit in the Employment sector that reported $3.0M in total revenue in fiscal year 2023. Revenue surged 65% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.0M, a strong 68% operating margin.

Mission

TO PROMOTE LABOR-MANAGEMENT COOPERATION AND TO FURTHER EMPLOYMENT OPPORTUNITIES IN THE UNIONIZED BOILERMAKERS INDUSTRY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,856,819

Investment Income $93,740

Other Revenue $0

TOTAL REVENUE $2,950,559

Expense Breakdown

Grants Paid $5,000

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $942,337

TOTAL EXPENSES $947,337

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,950,559	$1,789,706	+0.6%
Expenses	$947,337	$892,599	+0.1%
Net Income	$2,003,222	$897,107	+1.2%

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
J Tom baca	chairman	0.5	Officer Director	$0	$0	$0
Edward L McWhorter	Vice Chairman	0.5	Officer Director	$0	$0	$0
Michael Hulst	Trustee	0.5	Director	$0	$0	$0
Timothy Jefferies	trustee	0.5	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	$2,950,559	$947,337	$4,406,015	$2,003,222
2023	$1,789,706	$892,599	$2,344,014	$897,107
2022	$1,189,810	$748,618	$1,496,456	$441,192
2021	$714,898	$225,686	$980,019	$489,212
2020	$357,120	$211,845	$486,389	$145,275
2019	$561,989	$464,398	$451,838	$97,591
2018	$434,058	$337,583	$244,233	$96,475

Western States Boilermakers Industry Fund