INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 571 TRAINING FUND

EIN: 352271209 501(c)(3) Education

OMAHA, NE

Total Revenue
$1,682,895
Total Expenses
$1,108,606
Total Assets
$3,695,797
Net Assets
$3,665,021
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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
2006
Legal Domicile
NE
Principal Officer
AARON FICHTER
Phone
4025714939
Tax Period
2024-07-01 to 2025-06-30

INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 571 TRAINING FUND, founded in 2006, is a community nonprofit in the Education sector that reported $1.7M in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $574K, a strong 34% operating margin.

Mission

TRAINING AND EDUCATION OF OPERATING ENGINEERS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,650,446
Investment Income $28,449
Other Revenue $4,000
TOTAL REVENUE $1,682,895

Expense Breakdown

Grants Paid $0
Salaries & Benefits $554,999
Fundraising Expenses $0
Program Expenses $794,541
Other Expenses $553,607
TOTAL EXPENSES $1,108,606

Year-over-Year Comparison

2024 2023 Change
Revenue $1,682,895 $1,332,433 +0.3%
Expenses $1,108,606 $998,956 +0.1%
Net Income $574,289 $333,477 +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

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Governance

Voting Members
8
Independent Members
8
Employees
3
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
2
$160,642
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NICK KOCOL TRAINING DIR 50.00
Officer
$107,923 $52,719 $160,642
JOSH DICK INSTRUCTOR 50.00
Highest
$107,923 $52,719 $160,642
WALT WRASSE INSTRUCTOR 50.00
Highest
$107,923 $52,719 $160,642
BRYAN BRABEC TRUSTEE 1.00
Director
$0 $0 $0
AARON FICHTER CHAIRMAN 1.00
Officer Director
$0 $0 $0
DAVID FUCINARO TRUSTEE 1.00
Director
$0 $0 $0
TERRY HANSEN TRUSTEE 1.00
Director
$0 $0 $0
ROD MARSHALL TRUSTEE 1.00
Director
$0 $0 $0
STEVE MOUSSEAU TRUSTEE 1.00
Director
$0 $0 $0
SCOTT SHAMBURG TRUSTEE 1.00
Director
$0 $0 $0
DOUG WELCHERT 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
2025 $1,682,895 $1,108,606 $3,695,797 $574,289
2024 $1,332,433 $998,956 $3,137,608 $333,477
2023 $1,291,819 $946,711 $2,797,381 $345,108
2022 $1,586,838 $758,030 $2,468,959 $828,808
2021 $1,141,490 $560,038 $1,616,704 $581,452
2020 $900,512 $455,242 $1,157,674 $445,270
2019 $486,610 $368,816 $570,205 $117,794
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