Brotherhood of Locomotive Engineers and Trainmen

What it reported doing in 2025

The blet successfully negotiated and ratified 15 new collective bargaining agreements in 2025. The national agreement, ratified on december 30, 2025, was the largest in scope of these contracts, covering more than 12,000 members at 10 different carriers, including class 1 railroads bnsf, norfolk southern and canadian national. Blet members at class 1 railroads csx and union pacific also ratified new contracts for 3,500 csx and 6,000 union pacific members. 300 members on cpkc's soo line also ratified a five-year contract. Contracts were also ratified at several other commuter/passenger railroads includind keolis/mbta, belt railway of chicago, caltrain/transit america services, metra-up line and septa. Short-line contract ratifications included the union railroad of pittsburgh,(continued on schedule o) terminal railway - Alabama state docks, New York & atlantic, western New York & Pennsylvania and the New York susquehanna and western. Blet members at the Arizona eastern railway unanimously ratified their first union contract. Of particular note in 2025 was blet's three-day strike and eventual contract ratification at New Jersey transit, the nation's third largest commuter railroad. It was the first strike at njt in 42 years and ended a five-year contract battle. The seven-year agreement (2020-2027) governed approximately 450 engineers.no accomplishments were bigger than blet's successful efforts to protect the railroad retirement board. Early in 2025 the department of government efficiency (doge) sought to close upwards of 40 brick and mortar rrb field offices throughout the united states, with nine planned for immediate closure in 2025 and 2026. The blet and teamster's rail conference led a coordinated campaign holding meetings with key members of the u.s. House of representatives and the u.s. Senate which resulted in an in-person meeting between blet president mark wallace and white house officials. Doge and the white house reversed course and agreed to keep the rrb field offices open in order to support in-person services for the 600,000 active and retired railroad employees and their families.blet also succeeded in protecting jobs for american workers and enhancing border security by convincing the u.s. Department of transportation to tighten rules and regulations related to cross-border train operations from mexico.

Financial Efficiency

• Mission deployment rate: Limited
• Program expense ratio: Limited
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
• Pay-setting controls: 0 of 6 controls in place; rating input score 0
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Missing
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Limited
• Related-party transparency: Limited

Accountability

• Independent voting board: 0%; rating input score 0; 3rd percentile among comparable filings
• Governance controls: 6 of 9 controls in place; rating input score 67
  • Conflict-of-interest policy: Fail
  • Whistleblower policy: Fail
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Fail
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 17.9%; rating input score 73; 73rd percentile among comparable filings
• Total-asset coverage ratio: 2.61; rating input score 61; 61st percentile among comparable filings
• Liabilities to assets ratio: 0.03; rating input score 81; 81st percentile among comparable filings
• Officer compensation ratio: 32.7%; rating input score 2; 2nd percentile among comparable filings

Growth

• Program expense growth: Limited
• Revenue growth: -0.5% per year; rating input score 0; 5th percentile among comparable filings
• Asset growth: 7.8% per year; rating input score 100; 55th percentile among comparable filings