INT'L UNION OF OPERATING ENGRS WELFARE FUND OF E PA AND DE (EIN 231402245) - 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

1954

Legal Domicile

Principal Officer

JAMES REILLEY

Phone

2155428211

Tax Period

2023-01-01 to 2023-12-31

INT'L UNION OF OPERATING ENGRS WELFARE FUND OF E PA AND DE, founded in 1954, is a mid-sized nonprofit that reported $97.7M in total revenue in fiscal year 2023. Expenses of $89.3M left a modest 9% surplus.

Mission

THE PLAN PROVIDES HOSPITAL, SURGICAL, MEDICAL, DENTAL, VISION, AND PRESCRIPTION BENEFITS TO ELIGIBLE MEMBERS OF IUOE LOCAL 542 & 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $90,280,043

Investment Income $7,413,106

Other Revenue $1,199

TOTAL REVENUE $97,694,348

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,703,409

Fundraising Expenses $0

Other Expenses $1,253,324

TOTAL EXPENSES $89,296,804

Year-over-Year Comparison

	2023	2022	Change
Revenue	$97,694,348	$93,184,581	+0.0%
Expenses	$89,296,804	$84,273,749	+0.1%
Net Income	$8,397,544	$8,910,832	-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

101

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

Total Directors

$459,992

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES DAVIS	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
THOMAS DANESE	UNION TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL J DRISCOLL JR	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
FRAN PIETRINI	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
CHRISTOPHER LODGE	UNION TRUSTEE	2.00	Director	$0	$0	$0
ROBERT WALSH	UNION TRUSTEE	2.00	Director	$0	$78,903	$222,737
JAMES REILLY	UNION TRUSTEE	2.00	Director	$0	$80,469	$237,255
JOHN HEENAN	ADMINISTRATOR	14.00	Highest	$62,680	$93,113	$272,199
PAUL CAREY III	FUND EMPLOYEE	12.00	Highest	$43,815	$83,203	$229,253
PAUL POTAKO	FUND EMPLOYEE	18.00	Highest	$63,683	$76,557	$200,454
NATHAN SMITH	FUND EMPLOYEE	12.00	Highest	$24,551	$76,214	$198,969
WILLIAM MCGUIRE	FUND EMPLOYEE	12.00	Highest	$45,949	$85,337	$238,501

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	No data	No data	No data	No data
2023	$97,694,348	$89,296,804	$243,275,217	$8,397,544
2022	$93,184,581	$84,273,749	$232,618,956	$8,910,832
2021	$100,453,173	$85,487,580	$236,032,222	$14,965,593
2020	$86,643,755	$78,189,969	$222,140,504	$8,453,786
2019	$97,909,493	$86,664,548	$210,972,534	$11,244,945
2018	$106,688,625	$89,307,830	$191,852,104	$17,380,795

INT'L UNION OF OPERATING ENGRS WELFARE FUND OF E PA AND DE