INT'L UNION OF OPERATING ENGINEERS LOCAL 399 EDUCATIONAL TRAINING FUND

EIN: 363957585

CHICAGO, IL

Total Revenue
$8,220,164
Total Expenses
$5,138,220
Total Assets
$30,803,774
Net Assets
$30,803,761
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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
1994
Legal Domicile
IL
Principal Officer
PATRICK KELLY
Phone
3123729870
Tax Period
2024-01-01 to 2024-12-31

INT'L UNION OF OPERATING ENGINEERS LOCAL 399 EDUCATIONAL TRAINING FUND, founded in 1994, is a community nonprofit that reported $8.2M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $3.1M, a strong 37% operating margin.

Mission

TO PROVIDE EDUCATIONAL ASSISTANCE TO ELIGIBLE PARTICIPANTS

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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 $205,090
Program Service Revenue $6,978,924
Investment Income $1,035,776
Other Revenue $374
TOTAL REVENUE $8,220,164

Expense Breakdown

Grants Paid $219,466
Salaries & Benefits $1,101,262
Fundraising Expenses $0
Other Expenses $3,817,492
TOTAL EXPENSES $5,138,220

Year-over-Year Comparison

2024 2023 Change
Revenue $8,220,164 $7,106,566 +0.2%
Expenses $5,138,220 $4,828,052 +0.1%
Net Income $3,081,944 $2,278,514 +0.4%
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
17
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
1
$0
Total Directors
8
$0
Key Employees
1
$244,932
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RYAN EGAN TRUSTEE 0.20
Director
$0 $0 $0
PATRICK KELLY MANAGING DIRECTOR/TRUSTEE 1.50
Officer Director
$0 $0 $0
STEVEN O'MARA TRUSTEE 0.20
Director
$0 $0 $0
MAUREEN EHRENBERG TRUSTEE 0.20
Director
$0 $0 $0
JOSEPH BELSAN TRUSTEE 0.20
Director
$0 $0 $0
WILLIAM SCHUCH TRUSTEE 0.20
Director
$0 $0 $0
ERIC WYLIE TRUSTEE 0.20
Director
$0 $0 $0
BRIAN STAUNTON TRUSTEE 0.20
Director
$0 $0 $0
JIM COATES FUND ADMINISTRATOR 40.00
Key Emp
$188,155 $56,777 $244,932
KEVIN NOLAN INSTRUCTOR 40.00
Highest
$130,251 $54,256 $184,507
BRIAN OKANE INSTRUCTOR 40.00
Highest
$137,688 $54,640 $192,328
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 $8,220,164 $5,138,220 $30,803,774 $3,081,944
2023 $7,106,566 $4,828,052 $27,195,926 $2,278,514
2022 $6,291,859 $4,727,682 $24,208,590 $1,564,177
2021 $6,391,960 $4,520,357 $23,893,725 $1,871,603
2020 $5,941,351 $4,034,426 $21,554,688 $1,906,925
2018 $4,362,085 $2,397,394 $15,499,676 $1,964,691
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