OPERATING ENGINEERS' LOCAL 324 VACATION AND HOLIDAY FUND OF MICHIGAN (EIN 386195525) - Form 990 Financial Analysis & Trantor Score

🔒

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

Financial Trends

Organization Details

Formation Year

1968

Legal Domicile

Principal Officer

SCOTT HART

Phone

8106509685

Tax Period

2024-05-01 to 2025-04-30

OPERATING ENGINEERS' LOCAL 324 VACATION AND HOLIDAY FUND OF MICHIGAN, founded in 1968, is a mid-sized nonprofit that reported $80.9M in total revenue in fiscal year 2024. Expenses of $77.3M left a modest 4% surplus.

Mission

COLLECTION OF FUNDS PURSUANT TO COLLECTIVE BARGAINING AGREEMENT FOR DISTRIBUTION TO PARTICIPANTS.

🔒

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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $79,803,035

Investment Income $865,417

Other Revenue $238,721

TOTAL REVENUE $80,907,173

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $188,578

TOTAL EXPENSES $77,270,208

Year-over-Year Comparison

	2024	2023	Change
Revenue	$80,907,173	$75,073,568	+0.1%
Expenses	$77,270,208	$71,063,294	+0.1%
Net Income	$3,636,965	$4,010,274	-0.1%

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

Governance

Voting Members

Independent Members

Employees

N/A

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

$1,119,331

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENNETH DOMBROW	LABOR TRUSTEE	1.00	Director	$0	$80,600	$240,562
DOUGLAS STOCKWELL	LABOR TRUSTEE, CHAIRMAN	1.00	Officer Director	$0	$139,566	$292,657
KEVIN BESONEN	LABOR TRUSTEE	1.00	Director	$0	$77,883	$227,768
SCOTT HART	LABOR TRUSTEE, CFO INTL UNION OE	1.00	Officer Director	$0	$73,745	$197,653
HEATH SALISBURY	LABOR TRUSTEE	1.00	Director	$0	$59,364	$160,691
ME WOODBECK JR	MGMT TRUSTEE, SECRETARY	1.00	Officer Director	$0	$0	$0
TODD DOENITZ	MGMT TRUSTEE	1.00	Director	$0	$0	$0
JAMES OLEKSINSKI	MGMT TRUSTEE	1.00	Director	$0	$0	$0
MIKE MALLOURE	MGMT TRUSTEE	1.00	Director	$0	$0	$0
KEN NOWICKI	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	$80,907,173	$77,270,208	$34,330,730	$3,636,965
2024	$75,073,568	$71,063,294	$30,755,729	$4,010,274
2023	$66,084,844	$64,495,941	$26,726,026	$1,588,903
2022	$59,619,008	$55,761,049	$25,154,395	$3,857,959
2021	$53,659,149	$51,254,855	$21,201,696	$2,404,294
2020	$53,391,956	$51,866,929	$18,809,814	$1,525,027
2019	$46,583,662	$47,320,169	$17,277,827	$-736,507
2018	$48,777,687	$45,805,659	$18,017,838	$2,972,028

OPERATING ENGINEERS' LOCAL 324 VACATION AND HOLIDAY FUND OF MICHIGAN