Puget Sound Boilermakers App & Trn Trust (EIN 510169427) - 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

1974

Legal Domicile

Principal Officer

NATHAN S FORD JR

Phone

2063294900

Tax Period

2022-07-01 to 2023-06-30

Puget Sound Boilermakers App & Trn Trust, founded in 1974, is a small nonprofit in the Education sector that reported $245K in total revenue in fiscal year 2022. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $280K exceeded revenue, resulting in a 14% operating deficit.

Mission

EDUCATION AND TRAINING OF APPRENTICES IN THE BOILERMAKER FIELD.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $231,009

Investment Income $11,123

Other Revenue $2,898

TOTAL REVENUE $245,030

Expense Breakdown

Grants Paid $0

Salaries & Benefits $185,236

Fundraising Expenses $0

Program Expenses $235,945

Other Expenses $94,545

TOTAL EXPENSES $279,781

Year-over-Year Comparison

	2022	2021	Change
Revenue	$245,030	$219,826	+0.1%
Expenses	$279,781	$320,715	-0.1%
Net Income	$-34,751	$-100,889	-0.7%

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

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN SELF	TRUST COORDINATOR	40.0	Highest	$109,748	$28,065	$137,813
RICHIE BROWNING	SECRETARY	1.0	Director	$0	$0	$0
NATHAN S FORD JR	CHAIRMAN	1.0	Officer	$0	$0	$0
JULIE HOWE	TRUSTEE	1.0	Officer	$0	$0	$0
BEN HEURUNG	TRUSTEE	1.0	Officer	$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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$245,030	$279,781	$425,915	$-34,751
2022	$219,826	$320,715	$400,544	$-100,889
2021	$268,831	$344,233	$509,972	$-75,402
2020	$282,009	$311,253	$577,943	$-29,244
2019	$305,150	$322,692	$607,961	$-17,542
2018	$329,355	$312,522	$627,882	$16,833

Puget Sound Boilermakers App & Trn Trust