INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL UNION NO 965 (EIN 370347820) - 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

1931

Legal Domicile

Principal Officer

JASON RHOADES

Phone

2175289659

Tax Period

2024-01-01 to 2024-12-31

INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL UNION NO 965, founded in 1931, is a community nonprofit that reported $4.1M in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.6M, a strong 40% operating margin.

Mission

TO REPRESENT MEMBERS OF THE INTERNATIONAL UNION OF OPERATING ENGINEERS IN THE CENTRAL AND WEST CENTRAL ILLINOIS AREA.

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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 $3,513,831

Investment Income $145,309

Other Revenue $391,110

TOTAL REVENUE $4,050,250

Expense Breakdown

Grants Paid $20,153

Salaries & Benefits $1,685,894

Fundraising Expenses $0

Other Expenses $728,508

TOTAL EXPENSES $2,442,266

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,050,250	$3,191,020	+0.3%
Expenses	$2,442,266	$2,952,915	-0.2%
Net Income	$1,607,984	$238,105	+5.8%

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

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

$787,814

Total Directors

$1,091,640

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JASON RHOADES	BUSINESS MANAGER	50.00	Officer Director	$150,609	$100,723	$251,332
MICHAEL MCQUAY	PRESIDENT - PAST	50.00	Officer Director	$40,929	$33,634	$74,563
PATRICK MCCAHERTY	VICE PRESIDENT/TRAINING CO	50.00	Director	$136,730	$94,329	$231,059
MYRNA BOMKAMP	RECORDING-CORRESPONDING SE	1.00	Director	$923	$0	$923
CHRIS ARNOLD	PRESIDENT/BUSINESS AGENT	50.00	Officer Director	$136,730	$94,607	$231,337
LEE PETERS	FINANCIAL SECRETARY	50.00	Officer Director	$135,679	$94,903	$230,582
JAMES MOORE III	CONDUCTOR	1.00	Director	$965	$0	$965
BRAD DELONG	GUARD	50.00	Director	$618	$0	$618
RYAN DIONNE	TRUSTEE	1.00	Director	$0	$0	$0
DALE CARTER	TREASURER	1.00	Director	$710	$0	$710
LISA HARDING	TRUSTEE	1.00	Director	$0	$0	$0
RILEY MCGILLICUDDY	AUDITOR	1.00	Director	$0	$0	$0
JASON RICHARDSON	AUDITOR/TRAINING INSTRUCTO	50.00	Director	$36,352	$33,199	$69,551
DALTON KOPREK	TRUSTEE	1.00	Director	$0	$0	$0
KOREY STANDISH	AUDITOR	1.00	Director	$0	$0	$0
DENTIN BANGERT	BUSINESS AGENT	50.00	Highest	$136,730	$95,767	$232,497

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	$4,050,250	$2,442,266	$7,211,378	$1,607,984
2023	$3,191,020	$2,952,915	$5,544,844	$238,105
2022	$2,360,406	$2,140,472	$5,114,481	$219,934
2021	$2,623,726	$1,655,421	$5,292,150	$968,305
2020	$1,944,880	$1,613,433	$4,290,828	$331,447
2019	$1,853,118	$1,810,616	$3,949,816	$42,502
2018	$1,992,384	$1,766,664	$3,896,825	$225,720

INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL UNION NO 965