BOILERMAKERS LOCAL NO 60 SICK AND … - Form 990 Financial Data

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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

2013

Legal Domicile

Principal Officer

DARREN LINDEE

Phone

3092667144

Tax Period

2021-01-01 to 2021-12-31

BOILERMAKERS LOCAL NO 60 SICK AND DISTRESSED AND RETIREE HEALTH CARE SBSDY, founded in 2013, is a micro nonprofit that reported $3K in total revenue in fiscal year 2021. Revenue fell 81% from the prior year — a significant decline worth monitoring. Expenses of $754K exceeded revenue, resulting in a 27825% operating deficit.

Mission

THE PLAN WAS ESTABLISHED TO PROVIDE HEALTH INSURANCE STIPENDS TO RETIREES AND DISABILITY BENEFITS TO ELIGIBLE ACTIVE PARTICIPANTS.

Program Service Accomplishments

Program 1

PROVIDES DISABILITY BENEFITS TO ELIGIBLE ACTIVE PARTICIPANTS AND PROVIDES HEALTH INSURANCE STIPENDS TO RETIREES

Program 2

PROVIDES HEALTH INSURANCE STIPENDS TO RETIREES

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $2,699

Other Revenue $0

TOTAL REVENUE $2,699

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $41,228

TOTAL EXPENSES $753,693

Year-over-Year Comparison

	2021	2020	Change
Revenue	$2,699	$14,226	-0.8%
Expenses	$753,693	$32,105	+22.5%
Net Income	$-750,994	$-17,879	+41.0%

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

292

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

$73,746

Total Directors

$75,865

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DARREN LINDEE	TRUSTEE	1.00	Officer Director	$2,119	$0	$2,119
BRIAN DOWDEN	TRUSTEE	1.00	Director	$0	$0	$0
BOB SEGIET	TRUSTEE	1.00	Director	$0	$0	$0
BRENT TILLMAN	TRUSTEE	1.00	Director	$0	$0	$0
JASON LANCASTER	TRUSTEE	1.00	Officer Director	$2,119	$30,612	$71,627
REX MCMORRIS III	TRUSTEE	1.00	Director	$2,119	$0	$2,119

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
2021	$2,699	$753,693	No data	$-750,994
2020	$14,226	$32,105	$753,165	$-17,879
2019	$131,366	$41,444	$770,992	$89,922
2018	$112,314	$30,846	$680,898	$81,468

BOILERMAKERS LOCAL NO 60 SICK AND DISTRESSED AND RETIREE HEALTH CARE SBSDY