INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 14-14B WELFARE FUND (EIN 112392159) - 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

1975

Legal Domicile

Principal Officer

EDWIN L CHRISTIAN

Phone

7189391489

Tax Period

2024-07-01 to 2025-06-30

INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 14-14B WELFARE FUND, founded in 1975, is a mid-sized nonprofit that reported $33.4M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE HEALTH AND OTHER BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.

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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 $31,864,491

Investment Income $1,499,056

Other Revenue $13,690

TOTAL REVENUE $33,377,237

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $948,618

TOTAL EXPENSES $36,616,650

Year-over-Year Comparison

	2024	2023	Change
Revenue	$33,377,237	$29,789,320	+0.1%
Expenses	$36,616,650	$32,624,864	+0.1%
Net Income	$-3,239,413	$-2,835,544	+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

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

$363,743

Total Directors

$375,008

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS GORDON	UNION TRUSTEE	1.00	Director	$0	$96,800	$375,008
MARLENE MONTERROSO	FUND ADMIN.	11.00	Officer	$0	$94,802	$363,743
JOHN CRONIN	UNION TRUSTEE	1.00	Director	$0	$0	$0
EDWIN L CHRISTIAN	UNION TRUSTEE	1.00	Director	$0	$0	$0
HUGH MANLEY	UNION TRUSTEE - EFF 3/25	1.00	Director	$0	$0	$0
KENNETH KLEMENS	UNION TRUSTEE - THRU 3/25	1.00	Director	$0	$0	$0
JOHN F O'HARE	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
TYREEF BEVEL	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
MIKE SALGO	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM TYSON	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
EDWARD M CHRISTIAN	ALT UNION TRUSTEE - EFF 3/25	1.00	Director	$0	$0	$0
ROBERT WESSELS	ALT EMPLOYER TRUSTEE - EFF 12/24	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	$33,377,237	$36,616,650	$33,293,622	$-3,239,413
2024	$29,789,320	$32,624,864	$34,060,655	$-2,835,544
2023	$28,689,263	$31,676,347	$37,656,635	$-2,987,084
2022	$26,581,809	$33,247,010	$41,820,284	$-6,665,201
2021	$30,569,590	$31,600,794	$52,767,944	$-1,031,204
2020	$28,903,721	$28,159,144	$50,805,821	$744,577
2019	$31,121,473	$32,863,998	$52,108,021	$-1,742,525
2018	$27,370,320	$28,254,735	$52,249,278	$-884,415

INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 14-14B WELFARE FUND