INTERNATIONAL UNION OF OPERATING ENGINEERSLOCAL 68 (EIN 221010975) - 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

1901

Legal Domicile

Phone

9732270600

Tax Period

2024-01-01 to 2024-12-31

INTERNATIONAL UNION OF OPERATING ENGINEERSLOCAL 68, founded in 1901, is a mid-sized nonprofit that reported $11.6M in total revenue in fiscal year 2024. Revenue surged 20% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.8M, a strong 33% operating margin.

Mission

LABOR ORGANIZATION

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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 $8,503,160

Investment Income $2,981,558

Other Revenue $134,603

TOTAL REVENUE $11,619,321

Expense Breakdown

Grants Paid $125,959

Salaries & Benefits $5,224,212

Fundraising Expenses $0

Other Expenses $2,480,464

TOTAL EXPENSES $7,830,635

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,619,321	$9,661,000	+0.2%
Expenses	$7,830,635	$7,600,069	+0.0%
Net Income	$3,788,686	$2,060,931	+0.8%

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

$1,573,001

Total Directors

$1,356,806

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS P GIBLIN	BUSINESS MANAGER	35.00	Officer	$256,403	$104,836	$361,239
MICHAEL MCGLYNN	BUS AGTPRESIDENT	40.00	Officer	$218,823	$102,217	$321,040
THOMAS COYNE	BUS AGTFIN SEC	40.00	Officer	$212,562	$102,217	$314,779
CHARLES J MCDONALD	BUS AGENTTRUSTEE	39.00	Director	$209,133	$104,557	$313,690
MICHAEL LEWIS	BUS AGTREC SECY	40.00	Officer	$198,949	$106,698	$305,647
KEVIN KENNEY	BUS AGTORGAUDITOR	40.00	Director	$184,566	$96,052	$280,618
ANDRES RESTREPO	BUS AGENTEXEC BOARD	40.00	Director	$178,977	$93,532	$272,509
THOMAS MEISTER	BUS AGTVICE PRES	40.00	Officer	$169,114	$90,832	$259,946
ROBERT ADAMS	TECHNOLOGY COORDNTR	40.00	Highest	$162,694	$93,532	$256,226
ELVIN MEDINA	BUS AGTEXEC BOARD	40.00	Director	$160,416	$89,752	$250,168
ROSE SUDZIARSKI	ASST TO BUSINESS MGR	40.00	Highest	$135,324	$87,307	$222,631
DAHLIA VERTREESE	LABOR RELATIONS	40.00	Highest	$125,232	$78,457	$203,689
ROBERT MASSARI	BUS AGENTEXEC BOARD	40.00	Director	$121,139	$76,432	$197,571
CONNIE FERRACE	DUES DEPARTMENT	40.00	Highest	$106,717	$76,457	$183,174
MARIE PAULE FLORESTAL	ORGANIZER	40.00	Highest	$107,768	$74,182	$181,950
FRANCIS JAMES	TREASURER	5.00	Officer	$10,350	$0	$10,350
SEAN ONEILL	EXECUTIVE BOARD	3.00	Director	$4,050	$0	$4,050
JOHN GETHINS	EXECUTIVE BOARD	3.00	Director	$3,425	$0	$3,425
PATRICK LYNCH	TRUSTEE	3.00	Director	$3,300	$0	$3,300
KEVIN MATTHEWS	EXECUTIVE BOARD	3.00	Director	$3,150	$0	$3,150
JOSEPH BYRNE	EXECUTIVE BOARD	3.00	Director	$3,150	$0	$3,150
JOHN LOMBARDO	TRUSTEE	3.00	Director	$2,850	$0	$2,850
THOMAS KELLY	EXECUTIVE BOARD	3.00	Director	$2,850	$0	$2,850
FRANK YORKE	AUDITOR	3.00	Director	$2,850	$0	$2,850
SHAWN OLEARY	CONDUCTOR	3.00	Director	$2,750	$0	$2,750
FRANK SAPIENZA	AUDITOR	3.00	Director	$2,700	$0	$2,700
MICHAEL MARTORELLI	EXECUTIVE BOARD	3.00	Director	$2,550	$0	$2,550
OMAL BILAL	EXECUTIVE BOARD	3.00	Director	$2,175	$0	$2,175
PANKAJ KAPADIA Jr	EXECUTIVE BOARD	3.00	Director	$1,950	$0	$1,950
PAUL G BULGER	GUARD	3.00	Director	$1,800	$0	$1,800
CHRISTINA PORTER	EXECUTIVE BOARD	3.00	Director	$1,500	$0	$1,500
JOSEPH VOLPE	AUDITOR	3.00	Director	$1,200	$0	$1,200

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	$11,619,321	$7,830,635	$56,512,058	$3,788,686
2023	$9,661,000	$7,600,069	$50,063,742	$2,060,931
2022	$9,284,053	$7,193,302	$43,995,513	$2,090,751
2021	$12,561,145	$7,942,959	$47,897,453	$4,618,186
2020	$9,202,971	$7,425,867	$40,873,598	$1,777,104
2019	$9,202,950	$7,665,668	$37,550,412	$1,537,282
2018	$9,045,728	$7,578,263	$31,686,787	$1,467,465

INTERNATIONAL UNION OF OPERATING ENGINEERSLOCAL 68