OPERATING ENGINEERS LOCAL 148 HEALTH AND WELFARE TRUST (EIN 436058032) - 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

1956

Legal Domicile

Principal Officer

DAVE BAHR

Phone

3148651300

Tax Period

2023-01-01 to 2023-12-31

OPERATING ENGINEERS LOCAL 148 HEALTH AND WELFARE TRUST, founded in 1956, is a community nonprofit that reported $2.9M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $487K, a strong 17% operating margin.

Mission

PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE MEMBERS AND THEIR DEPENDENTS.

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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 $2,772,357

Investment Income $105,560

Other Revenue $0

TOTAL REVENUE $2,877,917

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,959

Fundraising Expenses $0

Other Expenses $253,126

TOTAL EXPENSES $2,390,494

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,877,917	$2,624,195	+0.1%
Expenses	$2,390,494	$2,442,490	0.0%
Net Income	$487,423	$181,705	+1.7%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEITH LINDERER	UNION TRUSTEE	1.00	Director	$0	$0	$0
STEVE NORRIS	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
KATHY BOWLIN	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
DAVE BAHR	UNION 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
2024	No data	No data	No data	No data
2023	$2,877,917	$2,390,494	$5,604,661	$487,423
2022	$2,798,549	$2,446,290	$4,702,419	$352,259
2021	$2,982,969	$2,372,847	$4,905,765	$610,122
2020	$3,227,441	$2,789,273	$4,075,180	$438,168
2019	$3,104,691	$2,736,653	$3,392,319	$368,038
2018	$3,039,219	$2,414,042	$2,795,037	$625,177

OPERATING ENGINEERS LOCAL 148 HEALTH AND WELFARE TRUST