OPERATING ENGINEERS LOCAL 520 JOINT APPRENTICESHIP AND TRAINING FUND (EIN 370964198) - 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

1972

Legal Domicile

Principal Officer

RUSTY REDMAN

Phone

6186445282

Tax Period

2024-08-01 to 2025-07-31

OPERATING ENGINEERS LOCAL 520 JOINT APPRENTICESHIP AND TRAINING FUND, founded in 1972, is a community nonprofit that reported $3.4M in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $976K, a strong 29% operating margin.

Mission

TO PROVIDE EDUCATION TO MEMBERS.

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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 $3,098,786

Investment Income $257,480

Other Revenue $52,211

TOTAL REVENUE $3,408,477

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,299,274

Fundraising Expenses $0

Program Expenses $2,395,027

Other Expenses $1,132,887

TOTAL EXPENSES $2,432,161

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,408,477	$2,709,920	+0.3%
Expenses	$2,432,161	$1,863,180	+0.3%
Net Income	$976,316	$846,740	+0.2%

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

$255,964

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK JOHNSON	CHAIRMAN	1.00	Director	$0	$0	$0
EUGENE KEELEY	SECRETARY	1.00	Director	$0	$0	$0
MARK CHRIST	TRUSTEE	1.00	Director	$0	$0	$0
CHAD GOLDSCHMIDT	TRUSTEE	1.00	Director	$0	$0	$0
DALE KELLER	TRUSTEE	1.00	Director	$0	$0	$0
STEVE SMITH	TRUSTEE	1.00	Director	$0	$0	$0
DONALD FERRARI	TRUSTEE	1.00	Director	$0	$0	$0
CHRIS NAZETTA	TRUSTEE	1.00	Director	$0	$0	$0
RUSTY REDMAN	ADMINISTRATIVE MANAGER	40.00	Officer	$145,809	$110,155	$255,964

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	$3,408,477	$2,432,161	$15,388,398	$976,316
2024	$2,709,920	$1,863,180	$14,884,622	$846,740
2023	$2,190,626	$1,755,248	$13,118,428	$435,378
2022	$3,495,072	$1,577,169	$11,124,504	$1,917,903
2021	$1,966,578	$1,429,237	$8,908,461	$537,341
2020	$1,435,677	$1,359,257	$8,504,431	$76,420

OPERATING ENGINEERS LOCAL 520 JOINT APPRENTICESHIP AND TRAINING FUND