INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 98 (EIN 041673765) - 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

1940

Legal Domicile

Phone

4135254291

Tax Period

2024-07-01 to 2025-06-30

INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 98, founded in 1940, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2024. Expenses of $1.9M left a modest 11% surplus.

Mission

THE OBJECTIVES OF THE UNION AS THE REPRESENTATIVE OF ITS MEMBERS, ARE TO IMPROVE WORKING CONDITIONS AND LIVING STANDARDS OF MEMBERS THROUGH COLLECTIVE BARGAINING, EDUCATION, TRAINING AND EMPLOYEE BENEFITS AND TO ESTABLISH NECESSARY PROCEDURES FOR THE AMICABLE ADJUSTMENT OF ALL DISPUTES WHICH MAY ARISE BETWEEN EMPLOYERS AND EMPLOYEES.

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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 $2,011,373

Investment Income $61,223

Other Revenue $53,738

TOTAL REVENUE $2,126,334

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,229,806

Fundraising Expenses $0

Other Expenses $658,178

TOTAL EXPENSES $1,887,984

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,126,334	$2,045,457	+0.0%
Expenses	$1,887,984	$1,771,302	+0.1%
Net Income	$238,350	$274,155	-0.1%

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

$934,317

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID KAZIMIERCZAK	PRESIDENT/BUSINESS MANAGER-EFF 09/24	40.00	Officer	$114,544	$79,704	$194,248
WILLIAM D FAY	PRESIDENT/BUSINESS MGR-THRU 09/24	40.00	Officer	$111,108	$59,368	$170,476
ERIC MCGRATH	VP/FINANCIAL SECRETARY-EFF 09/24	40.00	Officer	$109,657	$79,704	$189,361
MIKE JONES JR	FINANCIAL SECRETARY-THRU 09/24	40.00	Officer	$0	$0	$0
DARRIN AUGER	REC CORR SEC/TSTE/BUS REP-EFF 09/24	40.00	Officer	$108,814	$79,704	$188,518
DANIEL PRATS	TREASURER-EFF 09/24	40.00	Officer	$108,794	$79,704	$188,498
LEONARD DELGATTO	AUD/TREAS/BUS REP-THRU 09/24	1.00	Officer	$0	$0	$0
DAVID KAZIMIERCZAK	VP/REC CORR SEC/BUS REP-THRU 09/24	40.00	Officer	$0	$0	$0
NICHOLAS GIROLAMO	GUARD	1.00	Officer	$1,034	$0	$1,034
JAMES MORRISON	CONDUCTOR/EXECUTIVE BOARD	1.00	Officer	$250	$0	$250
CHRISTOPHER BUSHIKA	EXECUTIVE BOARD	1.00	Officer	$250	$0	$250
ERIC FOX	EXECUTIVE BOARD	1.00	Officer	$250	$0	$250
KENNETH MOULTON JR	EXECUTIVE BOARD	1.00	Officer	$250	$0	$250
JUSTINE TETREAULT	EXECUTIVE BOARD-EFF 04/25	1.00	Officer	$0	$0	$0
ROGER WITTER	TRUSTEE	1.00	Officer	$0	$0	$0
NATE SENSER	TRUSTEE	1.00	Officer	$1,006	$176	$1,182
AARON PERRAS	AUDITOR	1.00	Officer	$0	$0	$0
JAY LISHNESS	AUDITOR	1.00	Officer	$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	$2,126,334	$1,887,984	$2,187,738	$238,350
2024	$2,045,457	$1,771,302	$1,961,150	$274,155
2023	$1,888,574	$1,763,532	$1,656,135	$125,042
2022	$1,781,462	$1,623,158	$1,494,223	$158,304
2021	$1,568,185	$1,628,056	$1,388,906	$-59,871
2020	$1,554,513	$1,668,086	$1,462,922	$-113,573
2019	$1,547,744	$1,738,315	$1,568,199	$-190,571

INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 98