IUOE LOCAL 15 CHARITABLE TRUST (EIN 262189501) - 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

2008

Legal Domicile

Principal Officer

THOMAS A CALLAHAN

Phone

2129295327

Tax Period

2024-07-01 to 2025-06-30

IUOE LOCAL 15 CHARITABLE TRUST, founded in 2008, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 420% from the prior year, signaling strong growth momentum. The organization ran a surplus of $165K, a strong 15% operating margin.

Mission

THE PURPOSE OF THE ORGANIZATION IS TO PROVIDE FINANCIAL ASSISTANCE TO OTHER CHARITABLE ORGANIZATIONS, ANY NEEDY AND DESERVING INDIVIDUAL OR INDIVIDUALS AND PRESENT AND FORMER MEMBERS OF THE INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 15, 15A, 15B, 15C, 15D, 15G, 15H AND THEIR IMMEDIATE FAMILY WHO HAVE SUFFERED DEATH, INJURY, OR ECONOMIC HARDSHIP.

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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 $1,061,863

Program Service Revenue $0

Investment Income $6,144

Other Revenue $0

TOTAL REVENUE $1,068,007

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $809,487

Program Expenses $76,250

Other Expenses $902,792

TOTAL EXPENSES $902,792

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,068,007	$205,577	+4.2%
Expenses	$902,792	$145,704	+5.2%
Net Income	$165,215	$59,873	+1.8%

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

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

$1,416,492

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS CALLAHAN	TRUSTEE	0.25	Director	$0	$266,572	$775,000
JOHN MCNAMARA	TRUSTEE	0.25	Director	$0	$228,145	$641,492
JAMES T CALLAHAN	TRUSTEE - THRU 1/20/25	0.25	Director	$0	$0	$0
PETER DONOFRIO	TRUSTEE - EFF 1/26/25	0.25	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	$1,068,007	$902,792	$365,368	$165,215
2024	$205,577	$145,704	$332,783	$59,873
2023	$136,579	$138,237	$352,545	$-1,658
2022	$37,355	$17,234	$497,766	$20,121
2021	$13,380	$15,311	$103,522	$-1,931
2020	$82,693	$16,675	$105,204	$66,018
2019	$33,067	$64,227	$145,257	$-31,160
2018	$7,059	$19,819	$70,146	$-12,760

IUOE LOCAL 15 CHARITABLE TRUST