EMPLOYERS & OPERATING ENGINEERS LOCAL 520 HEALTH & WELFARE FUND (EIN 376046408) - 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

1962

Legal Domicile

Principal Officer

MARK JOHNSON

Phone

6182337978

Tax Period

2023-01-01 to 2023-12-31

EMPLOYERS & OPERATING ENGINEERS LOCAL 520 HEALTH & WELFARE FUND, founded in 1962, is a mid-sized nonprofit that reported $26.0M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $4.2M, a strong 16% operating margin.

Mission

PROVIDE HEALTH BENEFITS TO MEMBERS PER COLLECTIVE BARGAINING AGREEMENT

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $24,655,201

Investment Income $1,289,202

Other Revenue $17,691

TOTAL REVENUE $25,962,094

Expense Breakdown

Grants Paid $0

Salaries & Benefits $800,316

Fundraising Expenses $0

Program Expenses $20,553,813

Other Expenses $427,101

TOTAL EXPENSES $21,781,230

Year-over-Year Comparison

	2023	2022	Change
Revenue	$25,962,094	$23,298,805	+0.1%
Expenses	$21,781,230	$22,056,410	0.0%
Net Income	$4,180,864	$1,242,395	+2.4%

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

$110,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK JOHNSON	CHAIRMAN	0.00	Director	$0	$0	$0
DAVID KELLY BROWN	TRUSTEE	0.00	Director	$0	$0	$0
CHAD GOLDSCHMIDT	TRUSTEE	0.00	Director	$0	$0	$0
EUGENE KEELEY	SECRETARY	0.00	Director	$0	$0	$0
DALE KELLER	TRUSTEE	0.00	Director	$0	$0	$0
KENNETH KILIAN	TRUSTEE	0.00	Director	$0	$0	$0
JULIE VISINTINE	ADMINSTRATIVE MANAGER	40.00	Officer	$110,000	$0	$110,000

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	No data	No data	No data	No data
2023	$25,962,094	$21,781,230	$57,047,856	$4,180,864
2022	$23,298,805	$22,056,410	$50,739,603	$1,242,395
2021	$23,340,880	$20,148,409	$53,581,496	$3,192,471
2020	$22,307,258	$18,572,866	$50,475,412	$3,734,392
2019	$21,232,059	$17,823,440	$45,483,634	$3,408,619
2018	$19,889,500	$17,025,945	$40,212,298	$2,863,555

EMPLOYERS & OPERATING ENGINEERS LOCAL 520 HEALTH & WELFARE FUND