OPERATING ENGINEERS LOCAL NO 37 APPRENTICESHIP AND TRAINING FUND (EIN 520893636) - 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

1966

Legal Domicile

Principal Officer

MARK F MCQUAY

Phone

4102549595

Tax Period

2024-01-01 to 2024-12-31

OPERATING ENGINEERS LOCAL NO 37 APPRENTICESHIP AND TRAINING FUND, founded in 1966, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2024. Revenue fell 48% from the prior year — a significant decline worth monitoring. Net assets of $7.6M represent 60 months of operating reserves.

Mission

TO PROVIDE TRAINING TO FUND PARTICIPANTS

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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 $5,000

Program Service Revenue $1,279,127

Investment Income $230,295

Other Revenue $0

TOTAL REVENUE $1,514,422

Expense Breakdown

Grants Paid $0

Salaries & Benefits $628,479

Fundraising Expenses $0

Program Expenses $1,114,318

Other Expenses $843,542

TOTAL EXPENSES $1,472,021

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,514,422	$2,903,891	-0.5%
Expenses	$1,472,021	$1,261,663	+0.2%
Net Income	$42,401	$1,642,228	-1.0%

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

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

$173,689

Total Directors

$728,442

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT A HOLSEY	CHAIRMAN	1.00	Director	$0	$63,315	$197,991
MARK F MCQUAY	TRUSTEE	1.00	Director	$0	$63,442	$179,318
MICHAEL FUNK	TRAINING SCHOOL DIRECTOR	50.00	Officer Director	$108,875	$64,814	$173,689
PIERCE FLANAGAN IV	TRUSTEE	1.00	Director	$0	$0	$0
DANIEL HUMBERTSTON	TRUSTEE	1.00	Director	$0	$63,195	$177,444
STEVE DIETRICH	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	$1,514,422	$1,472,021	$7,630,931	$42,401
2023	$2,903,891	$1,261,663	$7,568,732	$1,642,228
2022	$1,123,498	$1,191,111	$5,943,606	$-67,613
2021	$1,199,136	$1,241,509	$6,023,675	$-42,373
2020	$1,063,416	$1,142,642	$6,159,701	$-79,226
2019	$1,304,684	$1,147,722	$6,146,967	$156,962
2018	$1,177,983	$1,094,528	$5,958,210	$83,455

OPERATING ENGINEERS LOCAL NO 37 APPRENTICESHIP AND TRAINING FUND