OPERATING ENGINEERS' LOCAL 324 LABOR MANAGEMENT EDUCATION COMMITTEE

EIN: 382872986

BLOOMFIELD TOWNSHIP, MI

Total Revenue
$1,982,216
Total Expenses
$1,543,546
Total Assets
$2,725,435
Net Assets
$2,479,248
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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
1989
Legal Domicile
MI
Principal Officer
SCOTT HART
Phone
2484510324
Tax Period
2024-05-01 to 2025-04-30

OPERATING ENGINEERS' LOCAL 324 LABOR MANAGEMENT EDUCATION COMMITTEE, founded in 1989, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $439K, a strong 22% operating margin.

Mission

THE OPERATING ENGINEERS LOCAL 324 LABOR MANAGEMENT EDUCATION COMMITTEE AIMS TO MAKE MICHIGAN THE PREMIER STATE IN THE UNION AND POSSIBLY THE WORLD TO CONSTRUCT AND MAINTAIN INFRASTRUCTURE AND FACILITIES. WE WILL ACHIEVE THIS MISSION THROUGH EDUCATION, COMMUNICATION, INNOVATION AND DEDICATION TO THE MEMBERS OF OPERATING ENGINEERS LOCAL 324, WHILE CONCURRENTLY STRIVING TO ENHANCE PROGRESSIVE RELATIONSHIPS WITH THE CONTACTORS EMPLOYING THEM AND THE PROJECT OWNERS PROVIDING OPPORTUNITIES FOR THE MEMBERS TO PERFORM THEIR CRAFT.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,884,488
Investment Income $97,728
Other Revenue $0
TOTAL REVENUE $1,982,216

Expense Breakdown

Grants Paid $0
Salaries & Benefits $663,252
Fundraising Expenses $0
Other Expenses $880,294
TOTAL EXPENSES $1,543,546

Year-over-Year Comparison

2024 2023 Change
Revenue $1,982,216 $1,815,374 +0.1%
Expenses $1,543,546 $1,688,853 -0.1%
Net Income $438,670 $126,521 +2.5%
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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Governance

Voting Members
10
Independent Members
5
Employees
5
Volunteers
5

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
4
$668,236
Total Directors
11
$1,221,292
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KENNETH DOMBROW LABOR TRUSTEE, CHAIRMAN 2.00
Officer Director
$0 $80,600 $240,562
LEE GRAHAM EXECUTIVE DIRECTOR 45.00
Officer
$154,471 $75,550 $230,021
DOUG STOCKWELL LABOR TRUSTEE 2.00
Director
$0 $139,566 $292,657
SCOTT HART LABOR TRUSTEE, CFO INTL UNION OE 3.00
Officer Director
$0 $73,745 $197,653
KEVIN ZIMMERMAN LABOR TRUSTEE - PART YEAR 2.00
Director
$0 $71,806 $195,714
BRIAN BERG LABOR TRUSTEE 1.00
Director
$0 $70,288 $192,949
ADAM STRONG DIRECTOR OF COMPLIANCE MONITORING 40.00
Highest
$109,510 $46,217 $155,727
MATTHEW EVERLY LABOR TRUSTEE - PART YEAR 2.00
Director
$0 $38,210 $101,757
JAMES OLEKSINSKI MGMT TRUSTEE, SECRETARY 1.00
Officer Director
$0 $0 $0
CHAD LINABURY MGMT TRUSTEE 1.00
Director
$0 $0 $0
BRANDIE MEISNER MGMT TRUSTEE 1.00
Director
$0 $0 $0
TODD SCHRADER MGMT TRUSTEE 1.00
Director
$0 $0 $0
ME WOODBECK MGMT TRUSTEE 1.00
Director
$0 $0 $0
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 $1,982,216 $1,543,546 $2,725,435 $438,670
2024 $1,815,374 $1,688,853 $2,147,544 $126,521
2023 $1,648,613 $1,888,391 $2,065,002 $-239,778
2022 $1,448,294 $1,368,924 $2,314,670 $79,370
2021 $1,336,278 $1,089,988 $2,204,957 $246,290
2020 $1,391,687 $1,278,063 $1,953,297 $113,624
2019 $1,346,001 $1,165,662 $1,833,732 $180,339
2018 $1,371,088 $976,558 $1,649,830 $394,530
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