OPERATING ENGINEERS LOCAL 101 HEALTH AND WELFARE PLAN (EIN 440663379) - 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

1962

Legal Domicile

Principal Officer

AARON BROWN

Phone

8167378600

Tax Period

2023-01-01 to 2023-12-31

OPERATING ENGINEERS LOCAL 101 HEALTH AND WELFARE PLAN, founded in 1962, is a mid-sized nonprofit that reported $61.1M in total revenue in fiscal year 2023. Expenses of $52.1M left a modest 15% surplus.

Mission

PROVIDE HEALTH AND WELFARE BENEFITS TO EMPLOYEES OF PARTICIPATING EMPLOYERS.

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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 $64,470,661

Investment Income $-3,456,849

Other Revenue $115,043

TOTAL REVENUE $61,128,855

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $4,348,082

TOTAL EXPENSES $52,053,765

Year-over-Year Comparison

	2023	2022	Change
Revenue	$61,128,855	$58,383,686	+0.0%
Expenses	$52,053,765	$54,878,814	-0.1%
Net Income	$9,075,090	$3,504,872	+1.6%

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

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

$206,822

Total Directors

$378,499

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT RETTIG	UNION TRUSTEE	1.00	Director	$0	$0	$0
AARON BROWN	CO-CHAIR TRUSTEE	1.00	Officer Director	$0	$25,402	$206,822
BERNARD JACQUINOT	MANAGEMENT TRUSTEE	1.00	Director	$0	$0	$0
BRIDGETTE WILLIAMS	SEE SCHEDULE O	1.00	Officer Director	$0	$0	$0
PATRICK O'DONNELL	MANAGEMENT TRUSTEE	1.00	Director	$0	$0	$0
JOSHUA DAVIS	UNION TRUSTEE	1.00	Director	$0	$25,402	$171,677
TOM WHITTAKER	MANAGEMENT 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	$61,128,855	$52,053,765	$77,261,016	$9,075,090
2023	$61,128,855	$51,854,777	$77,460,004	$9,274,078
2022	$58,383,686	$54,878,814	$59,839,200	$3,504,872
2021	$55,577,052	$52,562,800	$63,041,561	$3,014,252
2020	$54,273,935	$50,351,595	$58,813,997	$3,922,340
2019	$52,407,694	$48,826,846	$52,215,177	$3,580,848
2018	$50,031,585	$46,645,592	$44,601,289	$3,385,993

OPERATING ENGINEERS LOCAL 101 HEALTH AND WELFARE PLAN