INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL UNION 478 (EIN 060401158) - 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

1911

Legal Domicile

Principal Officer

NATHAN BROWN

Phone

2032889261

Tax Period

2025-01-01 to 2025-12-31

INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL UNION 478, founded in 1911, is a community nonprofit that reported $9.4M in total revenue in fiscal year 2025. The organization ran a surplus of $1.7M, a strong 18% operating margin.

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 RESOLUTION 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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $8,810,549

Investment Income $206,190

Other Revenue $368,276

TOTAL REVENUE $9,385,015

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,687,318

Fundraising Expenses $0

Other Expenses $2,963,585

TOTAL EXPENSES $7,650,903

Year-over-Year Comparison

	2025	2024	Change
Revenue	$9,385,015	$8,695,120	+0.1%
Expenses	$7,650,903	$7,595,686	+0.0%
Net Income	$1,734,112	$1,099,434	+0.6%

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

$2,077,890

Total Directors

$2,077,890

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NATHAN BROWN	PRESIDENT/BUS MGR	50.00	Officer Director	$274,856	$138,139	$412,995
CHRISTOPHER W COZZI	VICE PRESIDENT	50.00	Officer Director	$236,302	$128,035	$364,337
MICHAEL GATES	FINANCIAL SECRETARY	50.00	Officer Director	$231,452	$126,764	$358,216
SCOTT SWICK	TREASURER	50.00	Officer Director	$230,536	$126,524	$357,060
JOSEPH CAMPOLI	RECORDING SECRETARY	50.00	Officer Director	$229,116	$126,152	$355,268
FRANK BONZANI	EXECUTIVE BOARD	1.00	Officer Director	$0	$0	$0
JESSICA CYR	EXECUTIVE BOARD	1.00	Officer Director	$0	$0	$0
ANTHONY DARE	EXECUTIVE BOARD	1.00	Officer Director	$0	$0	$0
JOHN BEATTIE	EXECUTIVE BOARD	1.00	Officer Director	$0	$0	$0
GAREY SAMOK	AUDITOR	1.00	Officer Director	$0	$0	$0
ROBERT RAGAUSKAS	AUDITOR	50.00	Officer Director	$129,871	$100,143	$230,014
FRANK PAPA	AUDITOR	1.00	Officer Director	$0	$0	$0
MICHAEL KELLEY	CONDUCTOR	1.00	Officer Director	$0	$0	$0
RONALD FOSTER	TRUSTEE	1.00	Officer Director	$0	$0	$0
GIOVANNI ALVEREZ	TRUSTEE	1.00	Officer Director	$0	$0	$0
ANTHONY ALTERIO	TRUSTEE	1.00	Officer Director	$0	$0	$0
ADONIS SMITH	GUARD	1.00	Officer Director	$0	$0	$0
TYLER GYENIZS	BUSINESS AGENT	50.00	Highest	$230,133	$126,418	$356,551
ANNA M YOUNG-TORELLO	SECRETARY TO THE PRESIDENT	50.00	Highest	$203,410	$119,639	$323,049
TIANA OCASIO-SMITH	REFERRAL MANAGER	50.00	Highest	$150,824	$105,587	$256,411
KEVIN HARTSHORN	ORGANIZER	50.00	Highest	$129,681	$100,093	$229,774
ASHLEY M DWYER	MAP DIR/ CONTRACT ADMIN	50.00	Highest	$115,626	$96,406	$212,032

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	$9,385,015	$7,650,903	$9,879,803	$1,734,112
2024	$8,695,120	$7,595,686	$8,273,938	$1,099,434
2023	$7,742,734	$7,025,672	$7,123,892	$717,062
2022	$7,053,155	$6,661,759	$6,127,846	$391,396
2021	$6,726,050	$6,359,293	$5,755,961	$366,757
2020	$6,399,518	$6,325,526	$5,451,461	$73,992
2019	$6,636,936	$6,272,028	$5,379,903	$364,908
2018	$6,457,001	$6,688,889	$5,018,877	$-231,888

INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL UNION 478