INTERNATIONAL BROTHERHOOD OF BOILERMAKER BOILERMAKERS 57

EIN: 626069423

CHATTANOOGA, TN

Total Revenue
$2,906,111
Total Expenses
$2,681,211
Total Assets
$6,006,349
Net Assets
$5,822,691
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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
1954
Legal Domicile
TN
Principal Officer
RICHARD SCOTT MAY
Phone
4237566000
Tax Period
2023-07-01 to 2024-06-30

INTERNATIONAL BROTHERHOOD OF BOILERMAKER BOILERMAKERS 57, founded in 1954, is a community nonprofit that reported $2.9M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $2.7M left a modest 8% surplus.

Mission

THE ORGANIZATION IS A LABOR UNION WHOSE EXEMPT PURPOSE IS TO ORGANIZE AND COLLECTIVELY BARGAIN FOR MEMBERS TO OBTAIN BETTER WAGES AND BENEFITS.

Program Service Accomplishments

Program 1

THE ORGANIZATION PROVIDES COLLECTIVE BARGAINING FOR APPROXIMATELY 935 MEMBERS AND IS FINANCED BY DUES FROM 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,649,428
Investment Income $217,623
Other Revenue $39,060
TOTAL REVENUE $2,906,111

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,402,342
Fundraising Expenses $0
Other Expenses $1,278,869
TOTAL EXPENSES $2,681,211

Year-over-Year Comparison

2023 2022 Change
Revenue $2,906,111 $2,441,586 +0.2%
Expenses $2,681,211 $2,343,340 +0.1%
Net Income $224,900 $98,246 +1.3%
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

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Governance

Voting Members
3
Independent Members
2
Employees
7
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
3
$294,556
Total Directors
3
$294,556
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ZACH HAMILTON PRESIDENT 0.50
Officer Director
$0 $0 $0
ROBERT LUNSFORD JR BUSINESS MANAGER 40.00
Officer Director
$181,453 $113,103 $294,556
TODD BLANKENSHIP VP/SECRETARY 0.50
Officer Director
$0 $0 $0
EDWIN HOWARD UNION OFFICIAL 40.00
Highest
$148,904 $103,023 $251,927
JAMES DUKES UNION OFFICIAL 40.00
Highest
$149,141 $103,023 $252,164
RICHARD SCOTT MAY UNION OFFICIAL 40.00
Highest
$149,311 $103,023 $252,334
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 $2,906,111 $2,681,211 $6,006,349 $224,900
2023 $2,441,586 $2,343,340 $5,697,278 $98,246
2022 $2,419,148 $2,283,775 $5,820,264 $135,373
2021 $2,068,985 $2,114,601 $6,201,390 $-45,616
2020 $1,949,882 $2,199,032 $6,415,614 $-249,150
2019 $2,285,616 $2,489,999 $6,523,019 $-204,383
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