OPERATING ENGINEERS LOCAL 406 ST OF LA APPRENTICE & EDUCATIONAL TRAINING PRG (EIN 237400330) - 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

1973

Legal Domicile

Principal Officer

D JASON BILLINGS

Phone

5042411311

Tax Period

2024-01-01 to 2024-12-31

OPERATING ENGINEERS LOCAL 406 ST OF LA APPRENTICE & EDUCATIONAL TRAINING PRG, founded in 1973, is a small nonprofit in the Employment sector that reported $556K in total revenue in fiscal year 2024. Net assets of $2.8M represent 62 months of operating reserves.

Mission

TRAINING AND EDUCATION

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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 $474,318

Investment Income $72,469

Other Revenue $8,946

TOTAL REVENUE $555,733

Expense Breakdown

Grants Paid $0

Salaries & Benefits $312,655

Fundraising Expenses $0

Program Expenses $379,779

Other Expenses $256,987

TOTAL EXPENSES $569,642

Year-over-Year Comparison

	2024	2023	Change
Revenue	$555,733	$560,255	0.0%
Expenses	$569,642	$631,905	-0.1%
Net Income	$-13,909	$-71,650	-0.8%

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

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

$152,427

Total Directors

$209,544

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
D JASON BILLINGS	TRUSTEE/CHAIRMAN	1.00	Director	$0	$56,270	$209,544
TODD BOURGEOIS	TRUSTEE	1.00	Director	$0	$0	$0
JOHN BABIN	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT SENIOR	TRUSTEE/CHAIRMAN	1.00	Director	$0	$0	$0
JESSIE MORAIN	TRUSTEE	1.00	Director	$0	$0	$0
CARLOS BENOIT	TRUSTEE	1.00	Director	$0	$0	$0
CRAIG KAISER	ADMIN./MNGR.	40.00	Officer	$109,429	$42,998	$152,427

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	$555,733	$569,642	$2,852,492	$-13,909
2023	$560,255	$631,905	$2,879,105	$-71,650
2022	$609,759	$552,779	$2,953,594	$56,980
2021	$416,525	$441,370	$2,917,922	$-24,845
2020	$429,530	$376,223	$2,953,489	$53,307
2019	$469,126	$386,620	$1,667,621	$82,506
2018	$491,693	$415,395	$1,601,478	$76,298

OPERATING ENGINEERS LOCAL 406 ST OF LA APPRENTICE & EDUCATIONAL TRAINING PRG