OPERATING ENGINEERS LOCAL 57 LEGAL SERVICES FUND (EIN 050390663) - 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

Legal Domicile

Phone

4013319191

Tax Period

2023-01-01 to 2023-12-31

OPERATING ENGINEERS LOCAL 57 LEGAL SERVICES FUND is a small nonprofit that reported $319K in total revenue in fiscal year 2023. The organization ran a surplus of $70K, a strong 22% operating margin.

Mission

PROVIDING LEGAL SERVICES TO EMPLOYEES COVERED UNDER COLLECTIVE BARGAINING AGREEMENTS BETWEEN I.U.O.E. LOCAL 57 AFL-CIO AND RI CHAPTER ASSOCIATED GENERAL CONTRACTORS OF AMERICA AND CONSTRUCTION INDUSTRIES OF RI

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $306,076

Investment Income $12,577

Other Revenue $0

TOTAL REVENUE $318,653

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $62,126

TOTAL EXPENSES $249,126

Year-over-Year Comparison

	2023	2022	Change
Revenue	$318,653	$309,442	+0.0%
Expenses	$249,126	$225,951	+0.1%
Net Income	$69,527	$83,491	-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

Employees

N/A

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

Total Directors

$476,621

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES J WHITE	Chairman	1.00	Director	$0	$76,278	$248,633
RYAN J WHITE	Trustee	1.00	Director	$0	$76,278	$227,988
MICHAEL A GAMMINO III	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
2024	No data	No data	No data	No data
2023	$318,653	$249,126	$658,449	$69,527
2022	$309,442	$225,951	$604,422	$83,491
2021	$262,805	$221,355	$505,431	$41,450
2020	$242,320	$222,100	$477,481	$20,220
2019	$257,000	$226,504	$457,261	$30,496
2018	$224,376	$195,479	$425,265	$28,897

OPERATING ENGINEERS LOCAL 57 LEGAL SERVICES FUND