THE INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 112 NDE TRAINING FUND (EIN 431412060) - 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

2006

Legal Domicile

Principal Officer

RANDALL HUGHES

Phone

7656435112

Tax Period

2023-01-01 to 2023-12-31

THE INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 112 NDE TRAINING FUND, founded in 2006, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2023. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $3.7M exceeded revenue, resulting in a 115% operating deficit.

Mission

TO PROVIDE EDUCATION AND TECHNICAL TRAINING TO EMPLOYEES ENGAGED IN THE AREA OF NON-DESTRUCTIVE TESTING.

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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 $1,611,194

Investment Income $89,638

Other Revenue $0

TOTAL REVENUE $1,700,832

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,724,676

Fundraising Expenses $0

Other Expenses $1,937,344

TOTAL EXPENSES $3,662,020

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,700,832	$2,334,945	-0.3%
Expenses	$3,662,020	$3,932,629	-0.1%
Net Income	$-1,961,188	$-1,597,684	+0.2%

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

Total Directors

$749,274

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM BARRETT	TRUSTEE	2.00	Director	$0	$0	$0
BRIAN RAWLINGS	TRUSTEE	2.00	Director	$0	$80,024	$242,758
RANDALL HUGHES	ADMINISTRATOR	2.00	Director	$0	$80,024	$263,758
ERIN BUCK	TRUSTEE	2.00	Director	$0	$80,024	$242,758
JEREMY GURETZKI	TRUSTEE	2.00	Director	$0	$0	$0
JERI MATZA	TRAINER	40.00	Highest	$144,095	$62,176	$206,271
ROBERT D SMITH	TRAINER	40.00	Highest	$144,095	$62,176	$206,871
JERRY SCOTT DUNCAN	TRAINER	40.00	Highest	$139,761	$62,176	$202,537
TIMOTHY FRAZEE	TRAINER	40.00	Highest	$144,095	$62,176	$206,271
JUSTIN K HICKS	TRAINER	40.00	Highest	$144,095	$62,176	$206,871

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	$1,700,832	$3,662,020	$13,354,888	$-1,961,188
2022	$2,334,945	$3,932,629	$15,316,076	$-1,597,684
2021	$2,316,717	$3,702,135	$17,222,735	$-1,385,418
2020	$3,465,330	$4,440,397	$18,299,178	$-975,067
2019	$4,163,513	$4,708,606	$19,274,245	$-545,093
2018	$6,297,474	$4,032,221	$19,819,338	$2,265,253

THE INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 112 NDE TRAINING FUND