INTERNATIONAL UNION OF OPERATING ENGINEERS WELFARE FUND LOCAL 295 (EIN 111964991) - 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

1960

Legal Domicile

Principal Officer

ANGELO CORDISCO

Phone

7186721415

Tax Period

2024-01-01 to 2024-12-31

INTERNATIONAL UNION OF OPERATING ENGINEERS WELFARE FUND LOCAL 295, founded in 1960, is a mid-sized nonprofit that reported $11.3M in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum.

Mission

THE ORGANIZATION SHALL PROVIDE HEALTH AND WELFARE BENEFITS TO ITS ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS AS DEFINED BY THE TRUSTEES.

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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 $8,128,762

Investment Income $1,303,861

Other Revenue $1,844,560

TOTAL REVENUE $11,277,183

Expense Breakdown

Grants Paid $0

Salaries & Benefits $618,286

Fundraising Expenses $0

Other Expenses $1,062,070

TOTAL EXPENSES $12,244,206

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,277,183	$9,110,048	+0.2%
Expenses	$12,244,206	$10,359,601	+0.2%
Net Income	$-967,023	$-1,249,553	-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

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

$437,178

Total Directors

$438,933

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN CATALANO	TRUSTEE	1.00	Director	$0	$140,002	$438,933
MARIN PAPIC	TRUSTEE	1.00	Director	$0	$0	$0
STEPHEN SCURTI	TRUSTEE	1.00	Director	$0	$0	$0
ISRAEL MEDAK	TRUSTEE	1.00	Director	$0	$0	$0
ANGELO CORDISCO	FUND ADMINISTRATOR	17.00	Officer	$299,651	$137,527	$437,178
STEPHEN MOGILA	IN-HOUSE COUNSEL	25.00	Highest	$198,631	$74,547	$273,178
KIMBERLY BLAIR	DIRECTOR OF WELFARE & PENSION	20.00	Highest	$105,582	$50,587	$156,169

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	No data	No data	No data	No data
2024	$11,277,183	$12,244,206	$14,956,624	$-967,023
2023	$9,110,048	$10,359,601	$18,569,145	$-1,249,553
2022	$7,839,298	$6,881,667	$18,711,643	$957,631
2021	$9,048,316	$9,592,788	$19,688,240	$-544,472

INTERNATIONAL UNION OF OPERATING ENGINEERS WELFARE FUND LOCAL 295