Boilermakers Local 627 (EIN 860077693) - 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

1936

Legal Domicile

Principal Officer

Jacob Evenson

Phone

6024951282

Tax Period

2024-07-01 to 2025-06-30

Boilermakers Local 627, founded in 1936, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2024. Revenue surged 40% from the prior year, signaling strong growth momentum. The organization ran a surplus of $619K, a strong 26% operating margin.

Mission

Labor Union representing members, negotiating on member's behalf and training.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,848,899

Investment Income $100,811

Other Revenue $435,017

TOTAL REVENUE $2,384,727

Expense Breakdown

Grants Paid $0

Salaries & Benefits $642,149

Fundraising Expenses $0

Other Expenses $1,120,984

TOTAL EXPENSES $1,766,133

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,384,727	$1,697,391	+0.4%
Expenses	$1,766,133	$1,629,774	+0.1%
Net Income	$618,594	$67,617	+8.1%

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

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

$494,999

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jacob Evenson	Bus Mgr/Fin Sec	40.00	Officer	$154,908	$102,256	$257,164
Richard Lerma	President	40.00	Officer	$132,342	$56,998	$189,340
Gary Bain	Vice President	2.00	Officer	$21,094	$12,367	$33,461
Davis Fowler	Recording Sec	2.00	Officer	$9,995	$5,039	$15,034
Barry Thompson	Trustee	0.00	Officer	$0	$0	$0
Carrie Sanders	Trustee	2.00	Officer	$0	$0	$0
Darryl Goldtooth	Trustee	2.00	Officer	$0	$0	$0
Wesley Dale	Inspector	2.00	Officer	$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	$2,384,727	$1,766,133	$3,023,435	$618,594
2024	$1,697,391	$1,629,774	$2,407,329	$67,617
2023	$1,436,893	$1,383,874	$2,348,466	$53,019
2023	$1,436,893	$1,383,874	$2,348,466	$53,019
2022	$1,097,831	$1,382,354	$2,287,512	$-284,523
2021	$900,407	$1,211,061	$2,649,617	$-310,654
2020	$980,979	$1,364,418	$2,878,668	$-383,439
2019	$1,481,752	$1,843,542	$3,265,501	$-361,790
2018	$1,750,939	$1,486,503	$3,625,415	$264,436

Boilermakers Local 627