INTERNATIONAL BROTHERHOOD OF BOILERMAKERS LOCAL S1978 (EIN 742525929) - 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

1978

Legal Domicile

Principal Officer

BRANDON A HANSEN

Phone

3073623820

Tax Period

2025-01-01 to 2025-12-31

INTERNATIONAL BROTHERHOOD OF BOILERMAKERS LOCAL S1978, founded in 1978, is a small nonprofit that reported $249K in total revenue in fiscal year 2025. Revenue decreased 10% compared to the prior year. Expenses of $295K exceeded revenue, resulting in a 18% operating deficit.

Mission

THE ORGANIZATION IS ESTABLISHED TO COLLECT UNION DUES FROM MEMBERS AND USE THOSE DUES FOR MEMBER ACTIVITIES AND TO PROVIDE INCOME DURING STRIKES.

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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 (2025)

Revenue Breakdown

Contributions & Grants $229,656

Program Service Revenue $0

Investment Income $19,430

Other Revenue $0

TOTAL REVENUE $249,086

Expense Breakdown

Grants Paid $400

Salaries & Benefits $64,541

Fundraising Expenses $0

Other Expenses $229,778

TOTAL EXPENSES $294,719

Year-over-Year Comparison

	2025	2024	Change
Revenue	$249,086	$277,513	-0.1%
Expenses	$294,719	$299,296	0.0%
Net Income	$-45,633	$-21,783	+1.1%

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

144

Independent Members

144

Employees

Volunteers

200

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

$12,420

Total Directors

$12,420

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENT VESSELS	SECETARY/TREASURER	10.00	Officer Director	$3,420	$0	$3,420
CURTIS HUITT	VICE-PRESIDENT	10.00	Officer Director	$2,400	$0	$2,400
BRANDON HANSEN	PRESIDENT	10.00	Officer Director	$4,200	$0	$4,200
JEFFREY LUX	RECORDING SECRETARY	10.00	Officer Director	$2,400	$0	$2,400

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	$249,086	$294,719	$460,376	$-45,633
2024	$277,513	$299,296	$506,009	$-21,783
2023	$235,954	$279,504	$527,892	$-43,550
2022	$192,580	$311,202	$571,442	$-118,622
2021	$295,663	$331,862	$690,064	$-36,199
2020	$339,408	$314,183	$726,303	$25,225
2019	$324,375	$327,016	$701,078	$-2,641
2018	$363,333	$379,198	$690,253	$-15,865

INTERNATIONAL BROTHERHOOD OF BOILERMAKERS LOCAL S1978