INTERNATIONAL BROTHERHOOD OF BOILERMAKERS LOCAL 26 (EIN 580476861) - 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

1985

Legal Domicile

Principal Officer

HERMAN H GIBBS

Phone

9122599426

Tax Period

2023-07-01 to 2024-06-30

INTERNATIONAL BROTHERHOOD OF BOILERMAKERS LOCAL 26, founded in 1985, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $888K left a modest 12% surplus.

Mission

THE UNION'S MISSION IS TO EDUCATE AND INSTRUCT MEMBERS IN ORDER TO IMPROVE EFFICIENCY, PRODUCT QUALITY AND JOB SAFETY, AS WELL AS, TO IMPROVE WORKING CONDITIONS.

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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 $438,317

Program Service Revenue $0

Investment Income $138,477

Other Revenue $426,619

TOTAL REVENUE $1,003,413

Expense Breakdown

Grants Paid $0

Salaries & Benefits $447,878

Fundraising Expenses $0

Program Expenses $887,529

Other Expenses $439,651

TOTAL EXPENSES $887,529

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,003,413	$798,887	+0.3%
Expenses	$887,529	$838,442	+0.1%
Net Income	$115,884	$-39,555	-3.9%

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

$95,293

Total Directors

$95,293

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL CHRISTIE	Vice President	32.00	Officer Director	$65,405	$0	$65,405
HERMAN H GIBBS	President	20.00	Officer Director	$29,888	$0	$29,888
JOHNATHON BATES	Treasurer	20.00	Officer Director	$0	$0	$0
CHARLES SELLERS	Secretary	2.00	Officer Director	$0	$0	$0
ARNOLD PURCELL	Trustee	2.00	Director	$0	$0	$0
ERIC RIGDON	Trustee	2.00	Director	$0	$0	$0
WILLIAM SHURLING	Trustee	2.00	Director	$0	$0	$0
DAVID PIERRON	Trustee	0.00	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
2025	No data	No data	No data	No data
2024	$1,003,413	$887,529	$4,253,175	$115,884
2023	$798,887	$838,442	$4,144,510	$-39,555
2022	$940,015	$810,589	$4,177,059	$129,426
2021	$1,194,012	$792,205	$4,051,421	$401,807
2020	$1,755,637	$950,751	$3,599,945	$804,886
2019	$1,118,144	$840,291	$2,791,682	$277,853

INTERNATIONAL BROTHERHOOD OF BOILERMAKERS LOCAL 26