INT'L BROTHERHOOD OF BOILERMAKERS UNION

EIN: 911179633

PUYALLUP, WA

Total Revenue
$2,474,275
Total Expenses
$1,869,022
Total Assets
$3,109,887
Net Assets
$2,961,916
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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
1982
Legal Domicile
WA
Principal Officer
MATTHEW FREGIN
Phone
2534350330
Tax Period
2024-07-01 to 2025-06-30

INT'L BROTHERHOOD OF BOILERMAKERS UNION, founded in 1982, is a community nonprofit that reported $2.5M in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $605K, a strong 24% operating margin.

Mission

TO NEGOTIATE AND MONITOR CONTRACTS AND TO PROVIDE BENEFITS TO ITS MEMBERSHIP.

Program Service Accomplishments

Program 1

REPRESENT MEMBERS IN WORK RELATED UNION ISSUES, PROVIDE APPRENTICE TRAINING TO MEMBERS, NEGOTIATE NEW WORK CONTRACTS FOR MEMBERS WITH NEW EMPLOYERS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,265,755
Investment Income $78,185
Other Revenue $130,335
TOTAL REVENUE $2,474,275

Expense Breakdown

Grants Paid $0
Salaries & Benefits $761,715
Fundraising Expenses $0
Other Expenses $1,024,239
TOTAL EXPENSES $1,869,022

Year-over-Year Comparison

2024 2023 Change
Revenue $2,474,275 $1,918,386 +0.3%
Expenses $1,869,022 $1,680,325 +0.1%
Net Income $605,253 $238,061 +1.5%
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

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Governance

Voting Members
8
Independent Members
5
Employees
4
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
8
$147,032
Total Directors
1
$147,032
Key Employees
2
$215,457
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TRACEY EIXENBERGER BUSINESS MANAGER 47.50
Officer Director
$147,032 $0 $147,032
ERIC NORDSTROM PRESIDENT 0.50
Officer
$0 $0 $0
THOMAS RIDINGS TRUSTEE 0.50
Officer
$0 $0 $0
JAMES ALTENBURG INSPECTOR 0.50
Officer
$0 $0 $0
CODY HOLLINGER RECORDING SECRETARY 0.50
Officer
$0 $0 $0
ROMAN ROULST TRUSTEE CHAIRMAN 0.50
Officer
$0 $0 $0
MATTHEW FREGIN TRUSTEE 0.50
Officer
$0 $0 $0
MICHAEL ANTHONY VICE PRESIDENT 0.50
Officer
$0 $0 $0
MICHAEL ANTHONY APPRENTICE COORDINATOR 47.50
Key Emp
$117,967 $0 $117,967
MATTHEW FREGIN DISPATCHER 40.00
Key Emp
$97,490 $0 $97,490
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 $2,474,275 $1,869,022 $3,109,887 $605,253
2024 $1,918,386 $1,680,325 $2,507,235 $238,061
2023 $2,481,879 $1,574,563 $2,266,936 $907,316
2022 $993,005 $1,187,861 $1,363,657 $-194,856
2021 $861,981 $1,010,066 $1,558,585 $-148,085
2020 $754,514 $1,080,375 $1,555,978 $-325,861
2019 $991,195 $1,180,630 $1,891,097 $-189,435
2018 $1,250,558 $1,199,275 $2,073,384 $51,283
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