INTERNATIONAL BROTHERHOOD OF BOILERMAKER BOILERMAKERS 57 (EIN 626069423) - 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

1954

Legal Domicile

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.

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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 $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

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

$294,556

Total Directors

$294,556

Key Employees

Highest Compensated

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

INTERNATIONAL BROTHERHOOD OF BOILERMAKER BOILERMAKERS 57