INTERNATIONAL UNION OF OPERATING E… - Form 990 Financial Data

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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

MEGHAN BRODOWSKI

Phone

7324460394

Tax Period

2024-01-01 to 2024-12-31

INTERNATIONAL UNION OF OPERATING ENGINEE LOCAL 25 MARINE DIVISION MEDICAL PLAN, founded in 1960, is a mid-sized nonprofit that reported $22.3M in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. The organization ran a surplus of $4.5M, a strong 20% operating margin.

Mission

THE PLAN PROVIDES CERTAIN HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS AND DEPENDENTS.

Program Service Accomplishments

Program 1

PLAN PROVIDES CERTAIN HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS AND 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 $19,962,315

Investment Income $1,849,328

Other Revenue $476,304

TOTAL REVENUE $22,287,947

Expense Breakdown

Grants Paid $0

Salaries & Benefits $693,927

Fundraising Expenses $0

Other Expenses $962,813

TOTAL EXPENSES $17,799,611

Year-over-Year Comparison

	2024	2023	Change
Revenue	$22,287,947	$26,217,727	-0.1%
Expenses	$17,799,611	$16,145,628	+0.1%
Net Income	$4,488,336	$10,072,099	-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

$192,191

Total Directors

$1,168,996

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHEN NEWTON	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
G DUDLEY WAREJR	ALTERNATE EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
JAMES MCDONNELL	ALTERNATE UNION TRUSTEE	1.00	Director	$0	$53,206	$235,812
SCOTT REEVES	UNION TRUSTEE	1.00	Director	$0	$53,383	$239,473
ANTHONY GONSIEWSKI	UNION TRUSTEE	1.00	Director	$0	$55,990	$286,481
TIM WECKWERTH	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
ANTHONY STEWART	FORMER UNION TRUSTEE	1.00	Director	$0	$41,461	$173,776
MELSON GOODLOE	UNION TRUSTEE	1.00	Director	$0	$53,406	$233,454
CHRISTOPHER HYNES	ALTERNATE EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
DAVID RAPPE	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
JASON W CAMPBELL	ALTERNATE EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
MEGHAN BRODOWSKI	ADMINISTRATOR	35.00	Officer	$127,781	$41,658	$192,191
KRISTI FENNELL	CONTROLLER	35.00	Highest	$125,258	$41,009	$189,864

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	$22,287,947	$17,799,611	$63,443,903	$4,488,336
2023	$26,217,727	$16,145,628	$57,125,455	$10,072,099
2022	$23,371,925	$16,917,119	$48,049,685	$6,454,806
2021	$24,999,712	$20,521,909	$47,862,743	$4,477,803
2020	$25,465,854	$17,169,412	$42,577,982	$8,296,442
2019	$22,868,671	$19,017,466	$32,059,415	$3,851,205
2018	$22,374,520	$17,337,016	$25,859,505	$5,037,504

INTERNATIONAL UNION OF OPERATING ENGINEE LOCAL 25 MARINE DIVISION MEDICAL PLAN