INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 571 (EIN 470163367) - 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

1960

Legal Domicile

Principal Officer

AARON FICHTER

Phone

4027331600

Tax Period

2025-01-01 to 2025-12-31

INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 571, founded in 1960, is a community nonprofit that reported $2.6M in total revenue in fiscal year 2025. Revenue surged 33% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.0M, a strong 40% operating margin.

Mission

REPRESENTATION-EMPLOYMENT RELATIONS

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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 (2025)

Revenue Breakdown

Contributions & Grants $118,589

Program Service Revenue $2,325,864

Investment Income $131,923

Other Revenue $4,829

TOTAL REVENUE $2,581,205

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,039,862

Fundraising Expenses $0

Other Expenses $507,334

TOTAL EXPENSES $1,547,196

Year-over-Year Comparison

	2025	2024	Change
Revenue	$2,581,205	$1,944,943	+0.3%
Expenses	$1,547,196	$1,524,672	+0.0%
Net Income	$1,034,009	$420,271	+1.5%

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

$421,895

Total Directors

$180,368

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AARON FICHTER	BUSINESS MGR	54.00	Officer	$171,036	$70,242	$241,278
TERRY HANSEN	ORGANIZER	54.00	Highest	$141,337	$70,000	$211,337
CHAD LOBENDO	VICE PRES/EX	54.00	Officer Director	$115,382	$64,986	$180,368
ANTHONY STRAWN	BUSINESS REP	54.00	Highest	$115,244	$64,295	$179,539
GEOFF NULL	BOOKKEEPER	50.00	Highest	$101,192	$62,942	$164,134
WALTER BENNETT	GUARD/AUDITO	1.00	Officer	$249	$0	$249
CHRIS HANSEN	EXEC BOARD/A	1.00	Officer Director	$0	$0	$0
JERRY KELLY	EXEC BOARD/T	1.00	Director	$0	$0	$0
NICK KOCOL	PRESIDENT/TR	1.00	Officer Director	$0	$0	$0
MAX THOMAS	EXEC BOARD	1.00	Director	$0	$0	$0
WALT WRASSE	TREASURER/EX	1.00	Officer Director	$0	$0	$0
JOSH DICK	RECORDING SE	1.00	Officer	$0	$0	$0
ANTHONY OGG	AUDITOR/COND	1.00	Officer	$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	$2,581,205	$1,547,196	$4,045,095	$1,034,009
2024	$1,944,943	$1,524,672	$2,947,609	$420,271
2023	$1,701,215	$1,301,638	$2,526,638	$399,577
2022	$1,726,289	$1,213,499	$2,142,618	$512,790
2021	$1,572,415	$1,110,426	$1,715,953	$461,989
2020	$1,449,079	$1,014,208	$1,261,938	$434,871
2019	$1,250,624	$964,791	$800,781	$285,833
2018	$1,063,864	$916,430	$515,832	$147,434

INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 571