OPERATING ENGINEERS LOCAL 112 HEALTH & WELFARE TRUST (EIN 261382332) - 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

2007

Legal Domicile

Principal Officer

RANDALL HUGHES

Phone

7656435112

Tax Period

2023-01-01 to 2023-12-31

OPERATING ENGINEERS LOCAL 112 HEALTH & WELFARE TRUST, founded in 2007, is a community nonprofit in the Mutual Benefit sector that reported $8.9M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Net assets of $58.2M represent 79 months of operating reserves.

Mission

PROVIDE HEALTH AND WELFARE BENEFITS FOR ELIGIBLE MEMBERS AND THEIR DEPENDENTS

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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 $9,007,552

Investment Income $-157,095

Other Revenue $17,719

TOTAL REVENUE $8,868,176

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,467,926

TOTAL EXPENSES $9,718,614

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,868,176	$8,029,607	+0.1%
Expenses	$9,718,614	$10,711,492	-0.1%
Net Income	$-850,438	$-2,681,885	-0.7%

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
RANDALL HUGHES	UNION TRUSTEE	5.00	Director	$0	$0	$0
ERIN BUCK	UNION TRUSTEE	5.00	Director	$0	$0	$0
JIM BARRETT	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
JEREMY GURETZKI	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
CARY RICHARDSON	UNION TRUSTEE	5.00	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	No data	No data	No data	No data
2023	$8,868,176	$9,718,614	$58,207,771	$-850,438
2022	$8,029,607	$10,711,492	$54,388,899	$-2,681,885
2021	$10,844,375	$12,554,982	$62,193,235	$-1,710,607
2020	$13,315,653	$13,915,648	$62,443,321	$-599,995
2019	$18,380,415	$18,285,760	$62,043,795	$94,655
2018	$20,277,639	$15,622,407	$59,551,419	$4,655,232

OPERATING ENGINEERS LOCAL 112 HEALTH & WELFARE TRUST