OPERATING ENGINEERS LOCAL 139 HEALTH BENEFIT FUND (EIN 237166771) - 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

1970

Legal Domicile

Principal Officer

TERRANCE MCGOWAN

Phone

2625499190

Tax Period

2024-06-01 to 2025-05-31

OPERATING ENGINEERS LOCAL 139 HEALTH BENEFIT FUND, founded in 1970, is a major nonprofit that reported $196.2M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $189.3M left a modest 4% surplus.

Mission

TO PROVIDE HEALTH AND OTHER BENEFITS TO ELIGIBLE PARTICIPANTS COVERED UNDER THE PLAN.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $180,963,331

Investment Income $15,215,928

Other Revenue $0

TOTAL REVENUE $196,179,259

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $9,466,803

TOTAL EXPENSES $189,294,904

Year-over-Year Comparison

	2024	2023	Change
Revenue	$196,179,259	$177,187,500	+0.1%
Expenses	$189,294,904	$177,886,388	+0.1%
Net Income	$6,884,355	$-698,888	-10.9%

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

168

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

$1,102,669

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERRY MCGOWAN	CHAIRMAN	3.00	Director	$0	$88,451	$298,914
TOM WOLF	SECRETARY	3.00	Director	$0	$0	$0
DAN SPERBERG	TRUSTEE	3.00	Director	$0	$88,451	$266,025
TIM PETERSON	TRUSTEE	3.00	Director	$0	$0	$0
MATT MARCELLIS	TRUSTEE	3.00	Director	$0	$0	$0
STEVE BUFFALO	TRUSTEE	3.00	Director	$0	$88,451	$268,046
MARY JANE DEBATTISTA	TRUSTEE	3.00	Director	$0	$0	$0
MARY WILCOX	FORMER TRUSTEE	3.00	Director	$0	$0	$0
SHANE GRIESBACH	TRUSTEE	3.00	Director	$0	$88,451	$269,684
MIKE TESTOLIN	TRUSTEE	3.00	Director	$0	$0	$0
JAKOB ANDERSON	TRUSTEE	3.00	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
2025	$196,179,259	$189,294,904	$529,707,201	$6,884,355
2024	$177,187,500	$177,886,388	$487,111,809	$-698,888
2023	$161,903,860	$166,387,256	$449,736,471	$-4,483,396
2023	$161,903,860	$166,387,256	$449,736,471	$-4,483,396
2022	$196,264,611	$145,636,109	$445,469,053	$50,628,502
2021	$159,316,808	$150,658,678	$462,021,305	$8,658,130
2020	$148,771,335	$134,743,220	$400,186,940	$14,028,115
2019	$147,210,393	$139,776,080	$373,761,533	$7,434,313
2018	$141,127,076	$131,598,641	$361,702,272	$9,528,435

OPERATING ENGINEERS LOCAL 139 HEALTH BENEFIT FUND