INTERNATIONAL OPERATING ENGINEERS UNION 49 HEALTH AND WELFARE FUND

EIN: 237015120

BLOOMINGTON, MN

Total Revenue
$291,167,769
Total Expenses
$293,429,677
Total Assets
$283,290,829
Net Assets
$274,230,848
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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
MN
Principal Officer
RYAN DAVIES
Phone
9528540795
Tax Period
2024-06-01 to 2025-05-31

INTERNATIONAL OPERATING ENGINEERS UNION 49 HEALTH AND WELFARE FUND, founded in 1968, is a major nonprofit that reported $291.2M in total revenue in fiscal year 2024.

Mission

PAYMENT OF HEALTH CARE BENEFITS FOR ELIGIBLE PARTICIPANTS AND DEPENDENTS AS PROVIDED BY THE PLAN DOCUMENT.

Program Service Accomplishments

Program 1

THE PLAN PROVIDES HEALTH CARE, PRESCRIPTION DRUGS, LIFE, ACCIDENTAL DEATH AND DISMEMBERMENT, DENTAL, DISABILITY AND VISION BENEFITS FOR ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS OR BENEFICIARIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $280,488,616
Investment Income $10,675,221
Other Revenue $3,932
TOTAL REVENUE $291,167,769

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $5,237,077
TOTAL EXPENSES $293,429,677

Year-over-Year Comparison

2024 2023 Change
Revenue $291,167,769 $270,552,928 +0.1%
Expenses $293,429,677 $276,642,390 +0.1%
Net Income $-2,261,908 $-6,089,462 -0.6%
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
N/A
Employees
916
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
2
$193,974
Total Directors
11
$1,280,564
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JASON GEORGE CHAIRMAN - PAST 2.00
Officer Director
$0 $23,467 $193,974
EUGENE GROVER TRUSTEE 2.00
Director
$0 $68,947 $234,476
RONALD BOESEL TRUSTEE 2.00
Director
$0 $68,881 $206,881
RYAN DAVIES SECRETARY 2.00
Director
$0 $72,021 $230,372
TIM OLSON TRUSTEE 2.00
Director
$0 $68,881 $206,881
TIMOTHY GILLEN CHAIRMAN 2.00
Officer Director
$0 $0 $0
KAYLA KIPF TRUSTEE 2.00
Director
$0 $0 $0
TONY FRATTALONE TRUSTEE 2.00
Director
$0 $0 $0
BRENDAN CARTER TRUSTEE 2.00
Director
$0 $0 $0
RYAN MCCAUSLAND ALTERNATE TRUSTEE 2.00
Director
$0 $0 $0
DAN SNIDARICH ALTERNATE TRUSTEE 2.00
Director
$0 $68,881 $207,980
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 $291,167,769 $293,429,677 $283,290,829 $-2,261,908
2024 $270,552,928 $276,642,390 $273,000,965 $-6,089,462
2023 $242,223,199 $266,059,773 $261,152,900 $-23,836,574
2022 $232,318,179 $252,393,049 $286,515,108 $-20,074,870
2021 $229,673,316 $211,876,116 $333,006,559 $17,797,200
2020 $213,352,248 $203,160,625 $275,244,066 $10,191,623
2019 $202,617,145 $213,210,786 $264,597,271 $-10,593,641
2018 $187,518,459 $180,251,900 $278,920,254 $7,266,559
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