LOCAL 57 OPERATING ENGINEERS APPRENTICESHIP & SKILL IMPROVEMENT FUND

EIN: 050347056 501(c)(3) Employment

JOHNSTON, RI

Total Revenue
$2,376,267
Total Expenses
$1,300,462
Total Assets
$6,049,867
Net Assets
$5,999,134
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1971
Legal Domicile
RI
Phone
4019341555
Tax Period
2024-07-01 to 2025-06-30

LOCAL 57 OPERATING ENGINEERS APPRENTICESHIP & SKILL IMPROVEMENT FUND, founded in 1971, is a community nonprofit in the Employment sector that reported $2.4M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.1M, a strong 45% operating margin.

Mission

To provide apprenticeship training for men and women coming into the construction industry;to train apprentices presently in the industry to become qualified journeypersons; and to afford skill improvement opportunities to journeypersons already in the construction industry.

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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 $2,210,393
Investment Income $108,363
Other Revenue $57,511
TOTAL REVENUE $2,376,267

Expense Breakdown

Grants Paid $0
Salaries & Benefits $744,499
Fundraising Expenses $0
Program Expenses $1,090,071
Other Expenses $555,963
TOTAL EXPENSES $1,300,462

Year-over-Year Comparison

2024 2023 Change
Revenue $2,376,267 $2,082,117 +0.1%
Expenses $1,300,462 $1,278,163 +0.0%
Net Income $1,075,805 $803,954 +0.3%
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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Governance

Voting Members
4
Independent Members
2
Employees
33
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
0
$0
Total Directors
4
$449,527
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES J WHITE Trustee 1.00
Director
$0 $58,656 $233,787
RYAN WHITE Trustee 1.00
Director
$0 $58,656 $215,740
Russell Amato Training Coordinator 40.00
$133,415 $54,980 $188,395
William Shepard Jr Training Director 40.00
$131,740 $54,980 $186,720
BRAD BILODEAU Trustee 1.00
Director
$0 $0 $0
DUSTIN EVERSON Trustee 1.00
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 $2,376,267 $1,300,462 $6,049,867 $1,075,805
2024 $2,082,117 $1,278,163 $4,978,503 $803,954
2022 $1,819,720 $949,603 $3,335,061 $870,117
2021 $1,448,072 $831,089 $2,495,944 $616,983
2020 $1,251,026 $894,592 $1,920,190 $356,434
2019 $1,114,792 $718,690 $1,643,900 $396,102
2018 $949,468 $727,631 $1,280,513 $221,837
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