INTL UNION OF OPERATING ENGINEERS LOCAL 399 HEALTH REIMBURSEMENT ACCOUNT PLAN

EIN: 471259234 Mutual Benefit

CHICAGO, IL

Total Revenue
$12,370,253
Total Expenses
$667,598
Total Assets
$61,423,655
Net Assets
$61,380,325
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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
2014
Legal Domicile
IL
Principal Officer
PATRICK J KELLY
Phone
3123729870
Tax Period
2024-06-01 to 2025-05-31

INTL UNION OF OPERATING ENGINEERS LOCAL 399 HEALTH REIMBURSEMENT ACCOUNT PLAN, founded in 2014, is a mid-sized nonprofit in the Mutual Benefit sector that reported $12.4M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $11.7M, a strong 95% operating margin.

Mission

RETIREE-ONLY HEALTH REIMBURSEMENT ACCOUNT PLAN TO HELP DEFRAY THE COST OF HEALTHCARE COVERAGE.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $10,711,187
Investment Income $1,659,066
Other Revenue $0
TOTAL REVENUE $12,370,253

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $131,732
TOTAL EXPENSES $667,598

Year-over-Year Comparison

2024 2023 Change
Revenue $12,370,253 $10,652,509 +0.2%
Expenses $667,598 $489,749 +0.4%
Net Income $11,702,655 $10,162,760 +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

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Governance

Voting Members
6
Independent Members
3
Employees
N/A
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
1
$228,849
Total Directors
6
$756,388
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PATRICK J KELLY TRUSTEE 1.00
Director
$0 $58,069 $268,663
ROGER MCGINTY TRUSTEE 1.00
Director
$0 $58,069 $262,063
VALERIE JO COLVETT TRUSTEE 1.00
Director
$0 $36,144 $225,662
MAUREEN EHREHBERG TRUSTEE 1.00
Director
$0 $0 $0
ERIC CENTAZZO TRUSTEE 1.00
Director
$0 $0 $0
LAURA BOSSERT TRUSTEE 1.00
Director
$0 $0 $0
CARRIE GATH FUND ADMINISTRATOR 2.00
Officer
$0 $55,422 $228,849
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 $12,370,253 $667,598 $61,423,655 $11,702,655
2024 $10,652,509 $489,749 $45,913,640 $10,162,760
2023 $8,869,819 $400,191 $31,537,565 $8,469,628
2022 $6,680,623 $312,068 $23,324,565 $6,368,555
2021 $4,939,339 $169,031 $18,725,615 $4,770,308
2020 $4,292,617 $134,540 $11,108,016 $4,158,077
2019 $3,076,680 $103,797 $6,828,422 $2,972,883
2018 $2,041,328 $106,928 $3,934,142 $1,934,400
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