OPERATING ENGINEERS LOCAL NO 825 OUT-OF-WORK FUND

EIN: 236033399

SPRINGFIELD, NJ

Total Revenue
$10,008,065
Total Expenses
$7,390,485
Total Assets
$88,699,227
Net Assets
$88,427,355
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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
1968
Legal Domicile
NJ
Principal Officer
SHERRY VISO
Phone
9739211661
Tax Period
2023-07-01 to 2024-06-30

OPERATING ENGINEERS LOCAL NO 825 OUT-OF-WORK FUND, founded in 1968, is a mid-sized nonprofit that reported $10.0M in total revenue in fiscal year 2023. Revenue grew 20% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.6M, a strong 26% operating margin.

Mission

TO PROVIDE SUPPLEMENTAL UNEMPLOYMENT BENEFITS TO MEMBERS.

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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 $0
Program Service Revenue $6,423,640
Investment Income $3,569,435
Other Revenue $14,990
TOTAL REVENUE $10,008,065

Expense Breakdown

Grants Paid $0
Salaries & Benefits $200,792
Fundraising Expenses $0
Other Expenses $483,973
TOTAL EXPENSES $7,390,485

Year-over-Year Comparison

2023 2022 Change
Revenue $10,008,065 $8,343,668 +0.2%
Expenses $7,390,485 $6,334,885 +0.2%
Net Income $2,617,580 $2,008,783 +0.3%
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
8
Employees
N/A
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
2
$561,753
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROSS J PEPE CO-CHAIRMAN - EMPLOYER TRUSTEE 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
GREGORY LALEVEE CHAIRMAN - UNION TRUSTEE 1.00
Director
$0 $0 $0
JOSEPH GRACE JR UNION TRUSTEE 1.00
Director
$0 $0 $0
ALEX KOLBASOWSKI UNION TRUSTEE 1.00
Director
$0 $0 $0
JOHN WOOD UNION TRUSTEE 1.00
Director
$0 $0 $0
CHRISTINE MEDICH ADMINISTRATOR 1.00
Officer
$0 $65,425 $319,374
SUSAN SONNTAG DIRECTOR ACCOUNTING & FINANCE 1.00
Officer
$0 $59,400 $242,379
CHRISTOPHER SCHIAVINO SENIOR INFRASTRUCTURE ENGINEER 1.00
Highest
$0 $56,010 $203,901
MICHAEL DALEO SENIOR SOFTWARE ENGINEER 1.00
Highest
$0 $55,959 $203,284
ERIC TORBIC DIRECTOR COLLECTIONS & AUDITS 1.00
Highest
$0 $55,832 $202,171
PATRICE CLARKE AUDITS MANAGER 1.00
Highest
$0 $54,502 $187,344
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 $10,008,065 $7,390,485 $88,699,227 $2,617,580
2023 $8,343,668 $6,334,885 $85,642,790 $2,008,783
2022 $12,975,887 $6,756,601 $83,660,847 $6,219,286
2021 $12,313,269 $8,915,651 $82,702,164 $3,397,618
2020 $12,081,325 $9,230,684 $76,816,901 $2,850,641
2019 $11,887,066 $8,503,575 $71,731,405 $3,383,491
2018 $11,563,487 $7,883,355 $65,825,140 $3,680,132
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