OPERATING ENGINEERS LOCAL NO 825 APPRENTICESHIP TRAINING & RETRAINING FD

EIN: 226033379 501(c)(3) Employment

SPRINGFIELD, NJ

Total Revenue
$11,856,310
Total Expenses
$10,736,677
Total Assets
$24,335,341
Net Assets
$23,498,127
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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
1966
Legal Domicile
NJ
Principal Officer
SHERRY VISO
Phone
9739211661
Tax Period
2023-07-01 to 2024-06-30

OPERATING ENGINEERS LOCAL NO 825 APPRENTICESHIP TRAINING & RETRAINING FD, founded in 1966, is a mid-sized nonprofit in the Employment sector that reported $11.9M in total revenue in fiscal year 2023. Expenses of $10.7M left a modest 9% surplus.

Mission

TO PROVIDE TRAINING TO APPRENTICES AND PARTICIPANTS

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $81,692
Program Service Revenue $11,132,383
Investment Income $340,842
Other Revenue $301,393
TOTAL REVENUE $11,856,310

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,420,157
Fundraising Expenses $0
Program Expenses $8,203,308
Other Expenses $4,064,960
TOTAL EXPENSES $10,736,677

Year-over-Year Comparison

2023 2022 Change
Revenue $11,856,310 $11,742,750 +0.0%
Expenses $10,736,677 $10,544,469 +0.0%
Net Income $1,119,633 $1,198,281 -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

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Governance

Voting Members
8
Independent Members
7
Employees
41
Volunteers
8

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
$319,374
Total Directors
8
$29,702
Key Employees
1
$281,665
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GREGORY LALEVEE UNION TRUSTEE, CO-CHAIRMAN 1.00
Director
$0 $0 $0
JOSEPH GRACE JR UNION TRUSTEE 9.00
Director
$27,122 $2,580 $29,702
ALEX KOLBASOWSKI UNION TRUSTEE 1.00
Director
$0 $0 $0
JOHN WOOD UNION TRUSTEE 1.00
Director
$0 $0 $0
ROSS J PEPE EMPLOYER TRUSTEE, CO-CHAIR 1.00
Director
$0 $0 $0
DAVID MURAWSKI EMPLOYER TRUSTEE 1.00
Director
$0 $0 $0
ARTHUR CORWIN EMPLOYER TRUSTEE 1.00
Director
$0 $0 $0
JACK KOCSIS JR EMPLOYER TRUSTEE 1.00
Director
$0 $0 $0
CHRISTINE MEDICH ADMINISTRATOR 1.00
Officer
$0 $65,425 $319,374
WILLIAM VACCARO DIRECTOR OF TRAINING 40.00
Key Emp
$212,692 $68,973 $281,665
SHANA GRACE TRAINING COORDINATOR 40.00
Highest
$186,602 $67,786 $254,388
CHRISTOPHER SZPILA SITE COORDINATOR 40.00
Highest
$204,061 $68,310 $272,371
CRAIG BOYD INSTRUCTOR 40.00
Highest
$173,711 $65,326 $239,037
VICTOR GRIGORIEW INSTRUCTOR 40.00
Highest
$161,476 $64,450 $225,926
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 $11,856,310 $10,736,677 $24,335,341 $1,119,633
2023 $11,742,750 $10,544,469 $22,842,709 $1,198,281
2022 $8,761,018 $9,352,973 $21,649,166 $-591,955
2021 $9,545,959 $9,229,422 $22,861,458 $316,537
2020 $10,108,584 $9,124,064 $23,402,745 $984,520
2019 $9,810,415 $9,331,950 $21,826,765 $478,465
2018 $9,189,374 $8,695,823 $20,885,271 $493,551
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