OPERATING ENGINEERS' LOCAL 324 JOU… - Form 990 Financial Data

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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

1964

Legal Domicile

Principal Officer

SCOTT HART

Phone

5175469610

Tax Period

2024-05-01 to 2025-04-30

OPERATING ENGINEERS' LOCAL 324 JOURNEY- MAN AND APPRENTICE TRAINING FUND INC, founded in 1964, is a mid-sized nonprofit in the Education sector that reported $23.1M in total revenue in fiscal year 2024. Revenue surged 69% from the prior year, signaling strong growth momentum. The organization ran a surplus of $9.6M, a strong 41% operating margin.

Mission

THE FUND IS CREATED, ESTABLISHED, AND MAINTAINED, FOR THE PURPOSE OF PROVIDING TRAINING TO JOURNEYMAN AND APPRENTICES IN THE OPERATING ENGINEER TRADE WITHIN THE JURISDICTION OF THE UNION.

Program Service Accomplishments

Program 1

Expenses: $12,339,114 Revenue: $14,247,001

COLLECTION AND ADMINISTRATION OF CONTRIBUTIONS, INSTRUCTION, AND TRAINING OF PARTICIPANTS RELATED TO THE OPERATION OF HEAVY EQUIPMENT AND FUNCTIONS AND RESPONSIBILITIES OF BEING AN OPERATING ENGINEER.

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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 $7,935,468

Program Service Revenue $14,176,489

Investment Income $954,694

Other Revenue $70,512

TOTAL REVENUE $23,137,163

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,753,349

Fundraising Expenses $0

Program Expenses $12,339,114

Other Expenses $5,818,474

TOTAL EXPENSES $13,571,823

Year-over-Year Comparison

	2024	2023	Change
Revenue	$23,137,163	$13,664,882	+0.7%
Expenses	$13,571,823	$11,420,712	+0.2%
Net Income	$9,565,340	$2,244,170	+3.3%

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

Employees

Volunteers

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

$490,310

Total Directors

$1,111,464

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENNETH DOMBROW	LABOR TRUSTEE	2.00	Director	$0	$80,600	$240,562
LEE A GRAHAM	LABOR TRUSTEE	2.00	Director	$0	$77,155	$231,626
DOUGLAS STOCKWELL	LABOR TRUSTEE, CHAIRMAN	2.00	Officer Director	$0	$139,566	$292,657
MATTHEW CLOSS	STATIONARY TRAINING DIRECTOR	45.00	Highest	$132,623	$52,429	$185,052
JOHN HARTWELL	CAREER/OUTREACH REPRESENTATIVE	45.00	Highest	$130,568	$52,429	$182,997
BRAD RYZNAR	APPRENTICE COORDINATOR	45.00	Highest	$130,568	$52,429	$182,997
TIMOTHY VILLAREAL	TECH APPRENTICE COORDINATOR	45.00	Highest	$130,568	$52,429	$182,997
STEVE WILLIAMS	SHOP FOREMAN	45.00	Highest	$127,482	$52,429	$179,911
SCOTT HART	LABOR TRUSTEE, CFO INTL UNION OE	2.00	Officer Director	$0	$73,745	$197,653
BRANDON POPPS	LABOR TRUSTEE	2.00	Director	$0	$25,058	$148,966
JAMES OLEKSINSKI	MGMT TRUSTEE, SECRETARY	2.00	Officer Director	$0	$0	$0
JOSH GRAVES	MGMT TRUSTEE	2.00	Director	$0	$0	$0
BRIAN HOFFMAN	MGMT TRUSTEE	2.00	Director	$0	$0	$0
ME WOODBECK JR	MGMT TRUSTEE	2.00	Director	$0	$0	$0
BLAKE ZAPCZYNSKI	MGMT TRUSTEE	2.00	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	$23,137,163	$13,571,823	$57,806,823	$9,565,340
2024	$13,664,882	$11,420,712	$46,663,305	$2,244,170
2023	$10,599,294	$9,961,294	$25,934,079	$638,000
2022	$10,054,235	$8,590,813	$25,258,732	$1,463,422
2021	$8,851,927	$7,842,160	$27,090,891	$1,009,767
2020	$9,278,606	$6,894,195	$28,165,158	$2,384,411
2019	$8,466,072	$6,492,565	$19,292,529	$1,973,507
2018	$9,307,012	$5,756,323	$16,167,675	$3,550,689

OPERATING ENGINEERS' LOCAL 324 JOURNEY- MAN AND APPRENTICE TRAINING FUND INC