INTERNATIONAL BROTHERHOOD OF BOILERMAKER LOCAL #667 (EIN 550201588) - 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

1937

Legal Domicile

Principal Officer

DAVID B FORSHEE

Phone

3047555611

Tax Period

2023-07-01 to 2024-06-30

INTERNATIONAL BROTHERHOOD OF BOILERMAKER LOCAL #667, founded in 1937, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. Net assets of $7.0M represent 40 months of operating reserves.

Mission

INTERNATIONAL BROTHERHOOD OF BOILERMAKERS, IRON SHIPBUILDERS, FORGERS & HELPERS LOCAL LODGE #667

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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 $1,844,400

Investment Income $266,141

Other Revenue $0

TOTAL REVENUE $2,110,541

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,055,821

Fundraising Expenses $0

Other Expenses $1,166,327

TOTAL EXPENSES $2,222,148

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,110,541	$2,427,182	-0.1%
Expenses	$2,222,148	$2,358,647	-0.1%
Net Income	$-111,607	$68,535	-2.6%

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

455

Independent Members

455

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

$333,495

Total Directors

$149,035

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES A LONG	CHAIRMAN OF TRUSTEES	10.00	Director	$18,697	$0	$18,697
EDWIN K TABOR	TRUSTEE	50.00	Director	$130,338	$0	$130,338
JAMES P DURST	PRESIDENT	10.00	Officer	$22,741	$0	$22,741
JOSHUA P ROCKWELL	VICE-PRESIDENT	10.00	Officer	$12,573	$0	$12,573
HARRY L YOST	RECORDING SECRETARY	10.00	Officer	$34,905	$0	$34,905
DAVID B FORSHEE	BUSINESS MANAGER/ SEC TREA	50.00	Officer	$132,938	$0	$132,938
MATTHEW KENNEDY	TRUSTEE / INSPECTOR	50.00	Officer	$130,338	$0	$130,338

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	$2,110,541	$2,222,148	$6,980,899	$-111,607
2023	$2,427,182	$2,358,647	$7,092,506	$68,535
2022	$1,866,615	$2,121,772	$7,023,971	$-255,157
2021	$1,526,079	$1,917,332	$7,279,128	$-391,253

INTERNATIONAL BROTHERHOOD OF BOILERMAKER LOCAL #667