OPERATING ENGINEERS LOCAL 520 JOINT APPRENTICESHIP AND TRAINING FUND

EIN: 370964198 501(c)(3)

ST JACOB, IL

Total Revenue
$3,408,477
Total Expenses
$2,432,161
Total Assets
$15,388,398
Net Assets
$13,007,704
🔒

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

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1972
Legal Domicile
IL
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.

Program Service Accomplishments

Program 1
Expenses: $2,395,027 Revenue: $3,098,786

TO PROVIDE NECESSARY EDUCATION AND TRAINING FOR NEW LOCAL MEMBERS SO THEY MAY PERFORM THE TRADE OF OPERATING ENGINEERS AND TO IMPROVE THE SKILLS OF EXPERIENCED MEMBERS.

🔒

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%)

Sign In — Free (10 views/day)

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
🔒

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

Sign In

Governance

Voting Members
8
Independent Members
8
Employees
10
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
1
$255,964
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
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
Explore More Nonprofits
→Top 100 Nonprofits in Illinois →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare OPERATING ENGINEERS LOCAL 520 JOINT APPRENTICESHIP AND TRAINING FUND with other nonprofits in Illinois and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.