MIDWEST OPERATING ENGINEERS WELFARE FUND (EIN 366109395) - 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

1953

Legal Domicile

Principal Officer

JAMES M SWEENEY

Phone

7084827300

Tax Period

2024-04-01 to 2025-03-31

MIDWEST OPERATING ENGINEERS WELFARE FUND, founded in 1953, is a major nonprofit that reported $181.6M in total revenue in fiscal year 2017. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $291.5M exceeded revenue, resulting in a 61% operating deficit.

Mission

PROVIDE HEALTH BENEFITS

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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 $700,400,740

Investment Income $101,385,363

Other Revenue $15,361

TOTAL REVENUE $801,801,464

Expense Breakdown

Grants Paid $0

Salaries & Benefits $16,502,869

Fundraising Expenses $0

Other Expenses $8,115,993

TOTAL EXPENSES $580,707,409

Year-over-Year Comparison

	2024	2023	Change
Revenue	$801,801,464	$758,875,421	+0.1%
Expenses	$580,707,409	$528,088,512	+0.1%
Net Income	$221,094,055	$230,786,909	0.0%

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

125

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

$432,855

Total Directors

$2,507,747

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES M SWEENEY	CHAIRMAN	1.00	Director	$0	$137,642	$565,457
DAVID SNELTEN	SEC-TREASURER	1.00	Director	$0	$0	$0
MARSHALL DOUGLAS	TRUSTEE	1.00	Director	$0	$137,642	$437,374
DAVID FAGAN	TRUSTEE	1.00	Director	$0	$137,642	$465,250
STEVEN CISCO	TRUSTEE	1.00	Director	$0	$0	$224,438
STEVE MICHAELS	TRUSTEE	1.00	Director	$0	$0	$0
MARK BARKOWSKI	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL KRESGE	TRUSTEE	1.00	Director	$0	$137,642	$443,895
DANIEL PLOTE	TRUSTEE	1.00	Director	$0	$0	$0
FRANK LIZZADRO	TRUSTEE	1.00	Director	$0	$0	$0
JEFFREY HORNE	TRUSTEE	1.00	Director	$0	$137,642	$371,333
MELANIE IZRAL	TRUSTEE	1.00	Director	$0	$0	$0
TOM BERNSTEIN	ADMINISTRATIVE MANAGER	25.00	Officer	$322,766	$110,089	$432,855
TRUDY MARES	CONTROLLER	18.00	Highest	$140,617	$95,825	$236,442
LEIGH FOX	DIRECTOR OF OPERATIONS	25.00	Highest	$133,567	$96,873	$230,440
ANGELA MCMILLIN	ASSISTANT FUND ADMINISTRATOR	25.00	Highest	$185,773	$94,032	$279,805
ANN MARIE WILLIAMS	PENSION MANAGER	2.00	Highest	$121,787	$95,260	$217,047
MICHAEL WALSH	CHIEF BUILDING ENGINEER	0.00	Highest	$119,533	$86,265	$205,798

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	$801,801,464	$580,707,409	$2,298,345,862	$221,094,055
2024	$758,875,421	$528,088,512	$2,037,709,626	$230,786,909
2023	$656,841,797	$491,879,745	$1,865,358,899	$164,962,052
2022	$632,490,889	$464,236,201	$1,803,952,687	$168,254,688
2021	$576,632,586	$396,922,720	$1,653,084,385	$179,709,866
2021	$359,073,808	$297,792,781	$706,990,803	$61,281,027
2020	$330,851,269	$305,995,373	$570,825,851	$24,855,896
2020	$553,258,778	$409,651,031	$1,291,681,164	$143,607,747
2019	$232,245,552	$295,072,714	$569,695,810	$-62,827,162
2018	$181,606,894	$291,519,731	$624,903,377	$-109,912,837

MIDWEST OPERATING ENGINEERS WELFARE FUND