OPERATING ENGINEERS LOCAL 17 TRAINING FUND

EIN: 237087500 501(c)(3)

LAKE VIEW, NY

Total Revenue
$1,858,949
Total Expenses
$1,521,202
Total Assets
$4,379,962
Net Assets
$4,351,670
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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
NY
Principal Officer
JAMES A SMOLINSKI JR
Phone
7166272311
Tax Period
2023-06-01 to 2024-05-31

OPERATING ENGINEERS LOCAL 17 TRAINING FUND, founded in 1968, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2023. The organization ran a surplus of $338K, a strong 18% operating margin.

Mission

THE OPERATING ENGINEERS LOCAL 17 TRAINING FUND PROVIDES THE EDUCATION AND TRAINING OF APPRENTICES AND 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 $80,021
Program Service Revenue $1,704,599
Investment Income $30,417
Other Revenue $43,912
TOTAL REVENUE $1,858,949

Expense Breakdown

Grants Paid $0
Salaries & Benefits $895,970
Fundraising Expenses $0
Program Expenses $1,435,074
Other Expenses $625,232
TOTAL EXPENSES $1,521,202

Year-over-Year Comparison

2023 2022 Change
Revenue $1,858,949 $1,782,917 +0.0%
Expenses $1,521,202 $1,636,041 -0.1%
Net Income $337,747 $146,876 +1.3%
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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Governance

Voting Members
10
Independent Members
9
Employees
9
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
1
$214,651
Total Directors
12
$214,651
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES A SMOLINSKI JR UNION TRST./ 40.00
Officer Director
$121,702 $92,949 $214,651
BRIAN BENCHLEY EMPLOYER TRU N/A
Director
$0 $0 $0
WILLIAM FEKETE UNION TRUSTE N/A
Director
$0 $0 $0
PAUL HOPKINS UNION TSTEE N/A
Director
$0 $0 $0
JAMES C LOGAN EMPLOYER TRU N/A
Director
$0 $0 $0
DOUGLAS MAY EMPLOYER TRU N/A
Director
$0 $0 $0
NICK OSINSKI EMPLOYER TRU 0.00
Director
$0 $0 $0
STEPHEN PALMERI UNION TRUSTE N/A
Director
$0 $0 $0
MICHAEL SALVADORE EMPLOYER TRU N/A
Director
$0 $0 $0
GARY SWAIN UNION TSTEE N/A
Director
$0 $0 $0
MATTHEW WELDON UNION TRUSTE N/A
Director
$0 $0 $0
JOSHUA WILLIAMS UNION TRUSTE N/A
Director
$0 $0 $0
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 $1,858,949 $1,521,202 $4,379,962 $337,747
2023 $1,782,917 $1,636,041 $3,986,551 $146,876
2022 $1,724,080 $1,531,153 $3,804,049 $192,927
2021 $1,458,721 $1,451,967 $3,686,034 $6,754
2020 $1,212,562 $1,359,948 $3,038,867 $-147,386
2020 $1,212,561 $1,359,948 $3,495,650 $-147,387
2019 $1,338,563 $1,263,508 $3,080,921 $75,055
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