INTERNATIONAL UNION OF OPERATING ENGINEERS' LOCAL 324 (EIN 380679790) - 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

1938

Legal Domicile

Principal Officer

SCOTT HART

Phone

2484510324

Tax Period

2022-07-01 to 2023-06-30

INTERNATIONAL UNION OF OPERATING ENGINEERS' LOCAL 324, founded in 1938, is a mid-sized nonprofit that reported $20.0M in total revenue in fiscal year 2022. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $4.6M, a strong 23% operating margin.

Mission

TO ANTICIPATE FOR, AND CAPITALIZE ON THE EVER-CHANGING ECONOMIC, SOCIAL, POLITICAL AND LEGAL CHALLENGES FACING OUR UNION; TO PROVIDE AN UNMATCHED LEVEL OF SERVICES TO MEMBERS THROUGH A DEDICATED, LOYAL TEAM OF PROFESSIONALS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $19,706,561

Investment Income $232,174

Other Revenue $32,188

TOTAL REVENUE $19,970,923

Expense Breakdown

Grants Paid $269,722

Salaries & Benefits $8,220,132

Fundraising Expenses $0

Other Expenses $6,850,986

TOTAL EXPENSES $15,340,840

Year-over-Year Comparison

	2022	2021	Change
Revenue	$19,970,923	$17,873,751	+0.1%
Expenses	$15,340,840	$14,176,406	+0.1%
Net Income	$4,630,083	$3,697,345	+0.3%

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

N/A

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

$2,008,490

Total Directors

$1,967,950

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUGLAS STOCKWELL	BUSINESS MANAGER	50.00	Officer Director	$149,110	$72,695	$221,805
KEN DOMBROW	PRESIDENT	48.50	Officer Director	$139,747	$75,632	$215,379
LEE GRAHAM	TREASURER	1.00	Officer Director	$135,660	$76,001	$211,661
JEFF MCCARTHY	RECORDING CORR. SECRETARY- PART YEAR	50.00	Officer Director	$76,402	$47,836	$124,238
HEATH SALISBURY	FINANCIAL SECRETARY	45.00	Officer Director	$130,378	$75,632	$206,010
JOE SCHIPPA	TRUSTEE	1.00	Director	$117,456	$72,291	$189,747
MATT EVERLY	VICE PRESIDENT	45.00	Officer Director	$117,456	$71,227	$188,683
JOHN OSIKA	TRUSTEE	2.00	Director	$0	$87,261	$226,660
TONY BOLANOWSKI	TRUSTEE	2.00	Director	$117,456	$72,291	$189,747
CHAD LYNCH	RECORDING CORR. SECRETARY	1.00	Officer Director	$120,850	$73,170	$194,020
KERMIT BURKE	AUDITOR	1.00	Officer	$106,201	$67,317	$173,518
GEORGE EDWARDSEN	AUDITOR	40.00	Officer	$106,201	$35,908	$142,109
SCOTT HART	CFO	44.00	Officer	$105,190	$48,370	$153,560
JOHN SARAFIN	AUDITOR	40.00	Officer	$106,201	$71,306	$177,507

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$19,970,923	$15,340,840	$27,176,053	$4,630,083
2022	$17,873,751	$14,176,406	$22,167,900	$3,697,345
2021	$17,430,203	$14,281,400	$18,468,865	$3,148,803
2020	$16,957,227	$17,683,552	$15,295,471	$-726,325
2019	$16,093,050	$14,772,312	$16,113,655	$1,320,738
2018	$15,960,410	$13,622,017	$14,794,109	$2,338,393

INTERNATIONAL UNION OF OPERATING ENGINEERS' LOCAL 324