LOCAL 649 OPERATING ENGINEERS APPRENTICESHIP FUND (EIN 370920330) - 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

1969

Legal Domicile

Principal Officer

TONY O'BRIAN

Phone

3096971357

Tax Period

2024-05-01 to 2025-04-30

LOCAL 649 OPERATING ENGINEERS APPRENTICESHIP FUND, founded in 1969, is a community nonprofit that reported $4.1M in total revenue in fiscal year 2024. Net assets of $12.8M represent 38 months of operating reserves.

Mission

APPRENTICE TRAINING

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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 $4,005,207

Investment Income $77,232

Other Revenue $16,621

TOTAL REVENUE $4,099,060

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,249,472

Fundraising Expenses $0

Program Expenses $3,835,361

Other Expenses $1,917,389

TOTAL EXPENSES $4,166,861

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,099,060	$4,083,111	+0.0%
Expenses	$4,166,861	$3,664,439	+0.1%
Net Income	$-67,801	$418,672	-1.2%

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

$498,091

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL CULLINAN	TRUSTEE	0.00	Director	$0	$0	$0
DARREN SMITH	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JOHN BASHAM	TRUSTEE	0.00	Director	$0	$0	$0
MICHAEL HIGH	TRUSTEE & SEC/TREAS	0.00	Officer Director	$0	$0	$0
JOE VANDRAN	TRUSTEE	0.00	Director	$0	$0	$0
TOM MEISCHNER	TRUSTEE	0.00	Director	$0	$0	$0
TODD KEELER	TRAINING DIRECTOR	40.00	Officer	$143,083	$105,970	$249,053
NEIL CAMP	APPRENTICE COORDINATOR	40.00	Officer	$143,068	$105,970	$249,038
TIMOTHY DAVIS	APPRENTICE INSTRUCTOR	40.00	Highest	$123,116	$100,123	$223,239
JACOB HOLLENBACK	APPRENTICE INSTRUCTOR	40.00	Highest	$124,551	$101,726	$226,277
ANDY SCHAIDLE	APPRENTICE INSTRUCTOR	40.00	Highest	$123,116	$99,544	$222,660
JUSTIN SLATER	APPRENTICE INSTRUCTOR	40.00	Highest	$121,979	$99,843	$221,822
RONALD VAN HORN	APPRENTICE INSTRUCTOR	40.00	Highest	$125,253	$101,729	$226,982

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	$4,099,060	$4,166,861	$12,838,776	$-67,801
2024	$4,083,111	$3,664,439	$12,879,611	$418,672
2023	$4,601,454	$3,069,175	$12,471,154	$1,532,279
2022	$4,315,433	$2,668,687	$10,937,471	$1,646,746
2021	$4,355,753	$2,343,470	$9,290,850	$2,012,283
2020	$3,603,707	$2,125,170	$7,276,972	$1,478,537
2019	$2,792,700	$2,386,390	$5,800,517	$406,310

LOCAL 649 OPERATING ENGINEERS APPRENTICESHIP FUND