OPERATING ENGINEERS LOCAL 150 APPR… - Form 990 Financial Data

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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

1967

Legal Domicile

Principal Officer

JAMES M SWEENEY

Phone

7084827300

Tax Period

2024-01-01 to 2024-12-31

OPERATING ENGINEERS LOCAL 150 APPRENTICESHIP FUND, founded in 1967, is a mid-sized nonprofit in the Employment sector that reported $44.3M in total revenue in fiscal year 2024. The organization ran a surplus of $13.2M, a strong 30% operating margin.

Mission

APPRENTICESHIP TRAINING FUND

Program Service Accomplishments

Program 1

Expenses: $28,865,961 Revenue: $40,266,188

INSTRUCTING AND TRAINING OF PERSONS DESIRING TO BECOME OPERATING ENGINEERS, AND RETAINING AND IMPROVING THE CAPABILITIES 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $377,172

Program Service Revenue $40,011,979

Investment Income $3,617,977

Other Revenue $314,926

TOTAL REVENUE $44,322,054

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,782,042

Fundraising Expenses $0

Program Expenses $28,865,961

Other Expenses $13,386,404

TOTAL EXPENSES $31,168,446

Year-over-Year Comparison

	2024	2023	Change
Revenue	$44,322,054	$44,499,669	0.0%
Expenses	$31,168,446	$30,196,348	+0.0%
Net Income	$13,153,608	$14,303,321	-0.1%

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

242

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

$431,286

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES SWEENEY	CHAIRMAN	1.00	Director	$0	$0	$0
DAVID SNELTEN	SECRETARY TREASURER	1.00	Director	$0	$0	$0
STEVEN CISCO	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM COLLINS	TRUSTEE	1.00	Director	$0	$0	$0
DAVE FAGAN	TRUSTEE	1.00	Director	$0	$0	$0
DAVID ROCK	TRUSTEE	1.00	Director	$0	$0	$0
MARSHALL DOUGLAS	TRUSTEE	1.00	Director	$0	$0	$0
DANIEL PLOTE	TRUSTEE	1.00	Director	$0	$0	$0
STEVE MICHAELS	TRUSTEE	1.00	Director	$0	$0	$0
LARRY ECKARDT	TRUSTEE	1.00	Director	$0	$0	$0
MIKE KRESGE	TRUSTEE	1.00	Director	$0	$0	$0
JEFF HORNE	TRUSTEE	1.00	Director	$0	$0	$0
TOM BERNSTEIN	ADMINISTRATIVE MANAGER	1.00	Officer	$0	$108,520	$431,286
GEORGE ANTOS	COORDINATOR	40.00	Highest	$206,507	$130,922	$337,429
SEAN POYNER	ASSISTANT COORDINATOR	40.00	Highest	$162,489	$132,266	$294,755
THOMAS MILIANTI	EXECUTIVE DIRECTOR	40.00	Highest	$207,480	$132,266	$339,746
CHAD JEFFRIES	ASSISTANT COORDINATOR	40.00	Highest	$162,489	$132,266	$294,755
GLENN MINYARD	SAFETY COORDINATOR	40.00	Highest	$162,148	$132,266	$294,414

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	$44,322,054	$31,168,446	$103,164,974	$13,153,608
2023	$44,499,669	$30,196,348	$91,782,386	$14,303,321
2022	$38,017,713	$27,605,547	$69,850,177	$10,412,166
2021	$38,699,525	$26,479,254	$65,849,227	$12,220,271
2020	$61,880,613	$26,700,863	$56,337,675	$35,179,750
2019	$24,091,786	$33,054,106	$17,472,708	$-8,962,320
2018	$22,834,759	$30,339,359	$24,760,885	$-7,504,600

OPERATING ENGINEERS LOCAL 150 APPRENTICESHIP FUND