Boilermakers Lodge 242 (EIN 910268101) - 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

1960

Legal Domicile

Principal Officer

Scott Widdecombe

Phone

5094891891

Tax Period

2024-07-01 to 2025-06-30

Boilermakers Lodge 242, founded in 1960, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion.

Mission

To organize and represent employees in the boilermakers, iron shipbuilders, forgers and helpers trades.

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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 $892,443

Program Service Revenue $168,230

Investment Income $16,984

Other Revenue $4,370

TOTAL REVENUE $1,082,027

Expense Breakdown

Grants Paid $0

Salaries & Benefits $395,732

Fundraising Expenses $0

Other Expenses $756,385

TOTAL EXPENSES $1,152,117

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,082,027	$923,218	+0.2%
Expenses	$1,152,117	$682,153	+0.7%
Net Income	$-70,090	$241,065	-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

$184,382

Total Directors

$184,382

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
D Scott Widdicombe	Bus Mng/Sec-Treasurer	40.00	Officer Director	$118,253	$66,129	$184,382
Benjamin Robinson	President	1.00	Officer Director	$0	$0	$0
Neal Davis	Vice President	1.00	Officer Director	$0	$0	$0
Jared Brodahl	Recording Secretary	1.00	Officer Director	$0	$0	$0
Dean Flanigan	Chair of Trustees	1.00	Officer Director	$0	$0	$0
Carl Case	Inspector	1.00	Officer Director	$0	$0	$0
Jack Lawrence	Trustee	1.00	Officer Director	$0	$0	$0
Steve Mason	Trustee	1.00	Officer Director	$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	$1,082,027	$1,152,117	$772,050	$-70,090
2024	No data	No data	No data	No data
2023	$654,058	$758,216	$599,690	$-104,158
2022	$783,408	$1,106,774	$703,848	$-323,366
2021	$1,036,482	$1,102,161	$1,027,214	$-65,679
2020	$788,226	$1,180,129	$1,092,893	$-391,903
2019	$1,057,543	$1,287,140	$1,484,796	$-229,597
2018	$1,226,328	$1,336,563	$1,714,393	$-110,235

Boilermakers Lodge 242