Operating Engineers Local 428 Vacation Savings Trust Fund (EIN 237135778) - 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

1971

Legal Domicile

Principal Officer

Board of Trustees

Phone

6022493582

Tax Period

2023-10-01 to 2024-09-30

Operating Engineers Local 428 Vacation Savings Trust Fund, founded in 1971, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $1.7M left a modest 3% surplus.

Mission

Vacation benefits for 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,670,301

Investment Income $47,057

Other Revenue $0

TOTAL REVENUE $1,717,358

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $38,274

TOTAL EXPENSES $1,661,317

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,717,358	$1,560,840	+0.1%
Expenses	$1,661,317	$1,505,653	+0.1%
Net Income	$56,041	$55,187	+0.0%

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

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
David Martin	Chairman	1.00	Officer Director	$0	$0	$0
Mike Lee	Secretary	1.00	Officer Director	$0	$0	$0
Tim Davies	Trustee	1.00	Director	$0	$0	$0
David Sikorski	Trustee	1.00	Director	$0	$0	$0
Steve Campbell	Trustee	1.00	Director	$0	$0	$0
Jay Stevens	Trustee	1.00	Director	$0	$0	$0
Shannon Wright	Trustee	1.00	Director	$0	$0	$0
David Garbarino	Trustee	1.00	Director	$0	$0	$0
Perry Hawkins	Trustee	1.00	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
2024	$1,717,358	$1,661,317	$1,872,641	$56,041
2023	$1,560,840	$1,505,653	$1,669,274	$55,187
2022	$1,293,789	$1,277,053	$1,391,975	$16,736
2021	$1,191,216	$1,180,258	$1,276,095	$10,958
2020	$1,314,661	$1,279,914	$1,396,982	$34,747
2019	$1,009,115	$1,013,187	$1,048,016	$-4,072

Operating Engineers Local 428 Vacation Savings Trust Fund