OPERATING ENGINEERS LOCAL NO 825 WELFARE FUND (EIN 226033381) - 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

1952

Legal Domicile

Principal Officer

SHERRY VISO

Phone

9739211661

Tax Period

2024-07-01 to 2025-06-30

OPERATING ENGINEERS LOCAL NO 825 WELFARE FUND, founded in 1952, is a major nonprofit that reported $218.9M in total revenue in fiscal year 2024.

Mission

TO PROVIDE WELFARE BENEFITS TO PLAN 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $205,247,385

Investment Income $13,013,387

Other Revenue $673,093

TOTAL REVENUE $218,933,865

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,406,039

Fundraising Expenses $0

Other Expenses $7,687,319

TOTAL EXPENSES $219,672,900

Year-over-Year Comparison

	2024	2023	Change
Revenue	$218,933,865	$207,148,755	+0.1%
Expenses	$219,672,900	$184,983,307	+0.2%
Net Income	$-739,035	$22,165,448	-1.0%

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

$483,723

Total Directors

$1,252,243

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JACK KOCSIS JR	CO-CHAIRMAN -EMPLOYER TRU	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
BRENDAN MANNING	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
GREGORY LALEVEE	CHAIRMAN -UNION TRUSTEE	1.00	Director	$0	$79,540	$396,501
JOSEPH GRACE JR	UNION TRUSTEE	1.00	Director	$0	$70,867	$282,797
ALEX KOLBASOWSKI	UNION TRUSTEE	1.00	Director	$0	$70,883	$284,160
JOHN WOOD	UNION TRUSTEE	1.00	Director	$0	$71,207	$288,785
CHRIS VOLLERS	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
SUSAN SONNTAG	DIRECTOR ACCOUNTING & FINA	36.00	Officer	$192,026	$61,973	$253,999
SHERRY VISO	ADMINISTRATOR	36.00	Officer	$170,018	$59,706	$229,724
CHRISTOPHER SCHIAVINO	SENIOR INFRASTRUCTURE ENGI	36.00	Highest	$166,164	$59,377	$225,541
MICHAEL DALEO	SENIOR SOFTWARE ENGINEER	36.00	Highest	$159,547	$58,781	$218,328
ERIC TORBIC	DIRECTOR COLLECTIONS & AUD	36.00	Highest	$150,434	$57,887	$208,321
DAVE DALEO	DIR. INFORMATION TECHNOLOG	15.00	Highest	$0	$78,289	$372,188
PATRICE CLARKE	AUDITS MANAGER	36.00	Highest	$137,375	$56,646	$194,021
CHRISTINE MEDICH	ADMINISTRATOR	36.00		$154,511	$58,695	$213,206

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	$218,933,865	$219,672,900	$326,768,354	$-739,035
2024	$207,148,755	$184,983,307	$320,894,991	$22,165,448
2023	$189,600,201	$171,283,864	$296,330,600	$18,316,337
2022	$181,060,157	$169,374,990	$279,187,655	$11,685,167
2021	$170,766,194	$160,784,174	$282,238,034	$9,982,020
2020	$171,631,718	$150,484,943	$270,296,501	$21,146,775
2019	$161,611,912	$141,172,574	$236,463,536	$20,439,338
2018	$153,240,452	$133,236,610	$208,260,306	$20,003,842

OPERATING ENGINEERS LOCAL NO 825 WELFARE FUND