OEU-965 HEALTH BENEFIT PLAN (EIN 366121856) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1963

Legal Domicile

Principal Officer

JASON RHOADES

Phone

2175289659

Tax Period

2023-11-01 to 2024-10-31

OPERATING ENGINEERS LOCAL NO 965 HEALTH BENEFIT FUND, founded in 1963, is a mid-sized nonprofit that reported $14.1M in total revenue in fiscal year 2017. Expenses of $12.9M left a modest 9% surplus.

Mission

TO PROVIDE HEALTH AND TEMPORARY DISBAILITY BENEFITS TO QUALIFIED PARTICIPANTS FOR WHOM REQUIRED CONTRIBUTIONS HAVE BEEN MADE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $17,376,748

Investment Income $2,599,965

Other Revenue $147,189

TOTAL REVENUE $20,123,902

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $671,875

TOTAL EXPENSES $14,032,847

Year-over-Year Comparison

	2023	2022	Change
Revenue	$20,123,902	$15,740,844	+0.3%
Expenses	$14,032,847	$14,127,226	0.0%
Net Income	$6,091,055	$1,613,618	+2.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
JASON RHOADES	CHAIRMAN	1.00	Officer Director	$0	$0	$0
STEVE HALVERSON	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
ROBERT BRUNER	TRUSTEE	1.00	Director	$0	$0	$0
LEE PETERS	TRUSTEE	1.00	Director	$0	$0	$0
TRUMAN FLATT III	TRUSTEE	1.00	Director	$0	$0	$0
CHRIS ARNOLD	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
2024	$20,123,902	$14,032,847	$33,278,209	$6,091,055
2023	$15,740,844	$13,129,226	$24,203,540	$2,611,618
2022	$14,849,389	$14,016,252	$22,061,999	$833,137
2021	$16,130,581	$15,124,049	$25,220,860	$1,006,532
2020	$12,801,499	$13,121,104	$22,470,499	$-319,605
2019	$13,337,534	$13,477,338	$22,515,415	$-139,804
2018	$14,126,386	$12,852,684	$22,252,360	$1,273,702

OEU-965 HEALTH BENEFIT PLAN