OPERATING ENGINEERS LOCAL #234 HEALTH AND WELFARE TRUST FUND (EIN 510141783) - 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

1974

Legal Domicile

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

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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 (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

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
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

OPERATING ENGINEERS LOCAL #234 HEALTH AND WELFARE TRUST FUND