INTERNATIONAL UNION OF OPERATING E… - 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

1897

Legal Domicile

Principal Officer

MICHAEL BOWES

Phone

5085331433

Tax Period

2024-07-01 to 2025-06-30

INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 4, founded in 1897, is a mid-sized nonprofit that reported $10.9M in total revenue in fiscal year 2024. The organization ran a surplus of $2.8M, a strong 26% operating margin.

Mission

THE UNION IMPROVES WORKING CONDITIONS AND LIVING STANDARDS OF MEMBERS THROUGH COLLECTIVE BARGAINING, EDUCATION, TRAINING AND EMPLOYEE BENEFITS AND ESTABLISHES NECESSARY PROCEDURES FOR THE AMICABLE ADJUSTMENT OF ALL DISPUTES WHICH MAY ARISE BETWEEN EMPLOYERS AND EMPLOYEES.

Program Service Accomplishments

Program 1

THE UNION IMPROVES WORKING CONDITIONS AND LIVING STANDARDS OF MEMBERS THROUGH COLLECTIVE BARGAINING, EDUCATION, TRAINING AND EMPLOYEE BENEFITS AND ESTABLISHES NECESSARY PROCEDURES FOR THE AMICABLE...

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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 $9,791,462

Investment Income $1,128,392

Other Revenue $11,087

TOTAL REVENUE $10,930,941

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,811,589

Fundraising Expenses $0

Other Expenses $3,267,041

TOTAL EXPENSES $8,142,130

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,930,941	$11,045,952	0.0%
Expenses	$8,142,130	$7,544,026	+0.1%
Net Income	$2,788,811	$3,501,926	-0.2%

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

N/A

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

$3,281,313

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL J BOWES	BUS MGR	45.00	Officer	$366,778	$95,615	$462,393
DAVID F FANTINI	TREAS/AUDITOR/BUS REP	45.00	Officer	$278,114	$95,690	$373,804
RYAN P MANCINI	EBOARD/ORGANIZER	45.00	Officer	$187,309	$88,529	$275,838
JAMES M MARENGHI	REC SEC/TRUSTEE/BUS REP	45.00	Officer	$276,104	$94,108	$370,212
CHRISTOPHER T FOGARTY	AUDITOR/BUS REP/REC SEC - THRU 6/25	45.00	Officer	$265,920	$94,504	$360,424
TAYLA M ROSE	EBOARD/AUDITOR/BUS REP/LEG REP	45.00	Officer	$191,286	$88,450	$279,736
PAUL C DIMINICO	FIN SEC/TRUSTEE/BUS REP	45.00	Officer	$278,922	$95,679	$374,601
DAVID F SHEA JR	PRES/TRUSTEE/BUS REP	45.00	Officer	$278,365	$96,800	$375,165
CHRISTOPHER L CAREY	VICE PRES/AUDITOR/BUS REP/LEG DIRECTOR	45.00	Officer	$277,225	$94,665	$371,890
TAYLOR D PIRES	EBOARD	2.00	Officer	$6,000	$0	$6,000
PATRICK J HUNT JR	EBOARD	2.00	Officer	$6,000	$0	$6,000
MICHAEL A SIMONCINI	EBOARD	2.00	Officer	$6,000	$0	$6,000
WILLIAM T MCGUINNESS JR	EBOARD	2.00	Officer	$6,000	$0	$6,000
KEVIN W MURRAY	EBOARD / ORGANIZER	45.00	Officer	$6,000	$0	$6,000
NICHOLAS M GATES	GUARD	2.00	Officer	$6,000	$0	$6,000
MICHAEL J CULLEN	CONDUCTOR - EFF 3-25	2.00	Officer	$1,250	$0	$1,250
ROBERT A BURR	BUS REP	45.00	Highest	$256,686	$96,908	$353,594
AMANDA R JOHNSON	OFFICE MANAGER	40.00	Highest	$184,776	$95,385	$280,161

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	$10,930,941	$8,142,130	$45,043,632	$2,788,811
2024	$11,045,952	$7,544,026	$41,317,784	$3,501,926
2023	$10,406,408	$7,377,173	$34,863,328	$3,029,235
2022	$10,142,557	$6,904,758	$30,034,609	$3,237,799
2021	$9,410,447	$6,694,932	$30,235,299	$2,715,515
2020	$8,488,387	$6,637,459	$24,420,958	$1,850,928
2019	$8,289,409	$6,337,381	$21,043,438	$1,952,028

INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 4