OPERATING ENGINEERS LOCAL #234 HEALTH AND WELFARE TRUST FUND

EIN: 510141783

DES MOINES, IA

Total Revenue
$28,370,855
Total Expenses
$24,694,145
Total Assets
$67,274,607
Net Assets
$46,454,310
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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
1974
Legal Domicile
IA
Principal Officer
JASON COPPLE
Phone
5152650371
Tax Period
2024-05-01 to 2025-04-30

OPERATING ENGINEERS LOCAL #234 HEALTH AND WELFARE TRUST FUND, founded in 1974, is a mid-sized nonprofit that reported $28.4M in total revenue in fiscal year 2024. Expenses of $24.7M left a modest 13% surplus.

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS

Program Service Accomplishments

Program 1
Expenses: $22,150,347

THE FUND PROVIDED MEDICAL, ACCIDENT, DEATH, DENTAL, VISION, AND DISABILITY BENEFITS TO OVER 2,100 ELIGIBLE PARTICIPANTS, DEPENDENTS, AND BENEFICIARIES OF MEMBERS OF THE INTERNATIONAL UNION OF...

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THE FUND PROVIDED MEDICAL, ACCIDENT, DEATH, DENTAL, VISION, AND DISABILITY BENEFITS TO OVER 2,100 ELIGIBLE PARTICIPANTS, DEPENDENTS, AND BENEFICIARIES OF MEMBERS OF THE INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 234.

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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 $25,469,625
Investment Income $2,901,230
Other Revenue $0
TOTAL REVENUE $28,370,855

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $22,150,347
Other Expenses $2,543,798
TOTAL EXPENSES $24,694,145

Year-over-Year Comparison

2024 2023 Change
Revenue $28,370,855 $27,363,957 +0.0%
Expenses $24,694,145 $27,608,639 -0.1%
Net Income $3,676,710 $-244,682 -16.0%
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
7
Independent Members
N/A
Employees
17
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
2
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHAD CARTER TRUSTEE 0.50
Director
$0 $0 $0
BRIAN VASKE TRUSTEE 0.50
Director
$0 $0 $0
JASON COPPLE TRUSTEE, CHAIRMAN 0.50
Officer Director
$0 $0 $0
DENNIS HERBERGER TRUSTEE 0.50
Director
$0 $0 $0
GRANT CORELL TRUSTEE 0.50
Director
$0 $0 $0
NICK NORTON TRUSTEE 0.50
Director
$0 $0 $0
DAVE STITZ TRUSTEE, SECRETARY 0.50
Officer 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
2025 $28,370,855 $24,694,145 $67,274,607 $3,676,710
2024 $27,363,957 $27,608,639 $64,278,227 $-244,682
2023 $26,482,876 $25,376,578 $59,922,790 $1,106,298
2022 $26,376,334 $26,840,232 $59,965,774 $-463,898
2021 $24,118,757 $19,488,453 $61,642,928 $4,630,304
2020 $26,421,922 $22,959,774 $52,322,225 $3,462,148
2019 $24,839,080 $22,844,860 $48,977,879 $1,994,220
2018 $23,109,801 $19,108,518 $44,087,103 $4,001,283
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