AMERICAN BOILER MANUFACTURERS ASSO… - Form 990 Financial Data

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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

1937

Legal Domicile

Principal Officer

SCOTT LYNCH

Phone

7033567172

Tax Period

2024-05-01 to 2025-04-30

AMERICAN BOILER MANUFACTURERS ASSOCIATIO, founded in 1937, is a community nonprofit that reported $2.9M in total revenue in fiscal year 2024. Revenue surged 60% from the prior year, signaling strong growth momentum. Expenses of $2.7M left a modest 8% surplus.

Mission

ABMA IS ORGANIZAED TO REPRESENT MANUFACTUERES OF COMMERCIAL, INDUSTRIAL, AND UTILITY BOILERS AND FUEL BURNING EQUIPMENT, AS WELL AS SUPPLIERS TO THE INDUSTRY. THE PRIMARY GOAL OF ABMA IS TO PROMOTE THE COMMON BUSINESS INTEREST OF THE INDUSTRY AND TO PROMOTE THE SAFE, ENVIRONMENTALLY FRIENDLY USE OF THE PRODUCTS AND SERVICES OF ITS MEMBERS.

Program Service Accomplishments

Program 1

MEETINGS: THE ASSOCIATION HOSTS AN ANNUAL MEETING, A JUNE MEETING, AND OTHER CONFERENCES AND MEETINGS.

Program 2

PROMOTION: OUR PROMOTION EFFORTS HAVE GROWN AND WILL CONTINUE TO GROW. THIS INCLUDES SOCIAL MEDIA, ASSOCIATION PARTNERSHIPS, EXHIBITING, ADVERTISING, AWARENESS CAMPAIGNS, THOUGHT LEADERSHIP, AMONG...

PROMOTION: OUR PROMOTION EFFORTS HAVE GROWN AND WILL CONTINUE TO GROW. THIS INCLUDES SOCIAL MEDIA, ASSOCIATION PARTNERSHIPS, EXHIBITING, ADVERTISING, AWARENESS CAMPAIGNS, THOUGHT LEADERSHIP, AMONG OTHERS. ONE OF ABMA'S KEY ROLES IS PUTTING THE BOILER INDUSTRY ON THE MAP AND EDUCATING THOSE WORKING WITH BOILERS. WE HAVE VASTLY EXPANDED OUR OUTREACH ON ALL PLATFORMS AND IN THE PROCESS OF CREATING A COMPREHENSIVE MESSAGING CAMPAIGN THAT WILL CHANGE THE PERCEPTIONS OF THE BOILER INDUSTRY.

Program 3

PUBLICATIONS AND REPORTS TO PROVIDE ADVERTISING AND SPECIAL PROJECTS TO MEMBERS.

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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 $31,679

Program Service Revenue $2,810,926

Investment Income $49,637

Other Revenue $169

TOTAL REVENUE $2,892,411

Expense Breakdown

Grants Paid $37,250

Salaries & Benefits $596,274

Fundraising Expenses $0

Other Expenses $2,022,043

TOTAL EXPENSES $2,655,567

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,892,411	$1,809,273	+0.6%
Expenses	$2,655,567	$1,622,535	+0.6%
Net Income	$236,844	$186,738	+0.3%

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

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

$276,275

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK COLMAN	CHAIRMAN	1.00	Officer Director	$0	$0	$0
NANCY SIMONEAU	VICE-CHAIRMAN	1.00	Officer Director	$0	$0	$0
BRYAN O'TOOLE	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
DOUG WRIGHT	IMMEDIATE PAST CHAIR	1.00	Officer Director	$0	$0	$0
PHIL GRIGGS	ASSOCIATES GROUP CHAIR	1.00	Director	$0	$0	$0
ROCKY BAHRAMZAD	DIRECTOR	1.00	Director	$0	$0	$0
LARRY DAY	DIRECTOR	1.00	Director	$0	$0	$0
TOM GARBARINO	DIRECTOR	1.00	Director	$0	$0	$0
PAUL INGHAM	DIRECTOR	1.00	Director	$0	$0	$0
STEVE KEMP	DIRECTOR	1.00	Director	$0	$0	$0
RICH SIMONS	DIRECTOR	1.00	Director	$0	$0	$0
TRICIA STAIBLE	DIRECTOR	1.00	Director	$0	$0	$0
ED VERDEROSE	DIRECTOR	1.00	Director	$0	$0	$0
MARK WEHMEIER	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT LYNCH	PRESIDENT & CEO	40.00	Officer	$259,900	$16,375	$276,275
SHAUNICA JAYSON	VICE PRESIDENT OF MEMBERSHIP AND MARKETING	40.00	Highest	$122,660	$2,896	$125,556

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	$2,892,411	$2,655,567	$1,914,767	$236,844
2024	$1,809,273	$1,622,535	$2,541,075	$186,738
2023	$1,551,091	$1,700,735	$1,330,564	$-149,644
2022	$1,990,152	$1,900,441	$1,437,695	$89,711
2021	$848,392	$819,753	$1,167,355	$28,639
2020	$1,432,393	$1,444,777	$990,386	$-12,384
2019	$1,431,190	$1,536,428	$1,218,355	$-105,238
2018	$1,267,578	$1,320,271	$1,166,209	$-52,693

AMERICAN BOILER MANUFACTURERS ASSOCIATIO