OPERATING ENGINEERS TRUST FUND OF WASH DC AND VIC C/O ASSOCIATED ADMINISTRTORS

EIN: 526038508

SPARKS, MD

Total Revenue
$18,698,878
Total Expenses
$16,109,787
Total Assets
$40,376,019
Net Assets
$40,111,842
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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
1953
Legal Domicile
MD
Principal Officer
JOSHUA VANDYKE
Phone
4106837721
Tax Period
2023-01-01 to 2023-12-31

OPERATING ENGINEERS TRUST FUND OF WASH DC AND VIC C/O ASSOCIATED ADMINISTRTORS, founded in 1953, is a mid-sized nonprofit that reported $18.7M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $16.1M left a modest 14% surplus.

Mission

TO PROVIDE MEDICAL, DENTAL, AND OTHER WELFARE BENEFITS TO UNION MEMBERSHIP IN ACCORDANCE WITH COLLECTIVELY BARGAINED AGREEMENT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $17,032,390
Investment Income $1,107,490
Other Revenue $558,998
TOTAL REVENUE $18,698,878

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $1,385,598
TOTAL EXPENSES $16,109,787

Year-over-Year Comparison

2023 2022 Change
Revenue $18,698,878 $16,879,071 +0.1%
Expenses $16,109,787 $17,994,897 -0.1%
Net Income $2,589,091 $-1,115,826 -3.3%
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
8
Independent Members
8
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
3
$530,535
Total Directors
8
$532,935
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSHUA VAN DYKE UNION TRUSTEE 1.00
Officer Director
$0 $45,139 $195,679
STEVE FAULKNER UNION TRUSTEE 1.00
Officer Director
$0 $45,484 $167,996
THOMAS JOHNSON UNION TRUSTEE 1.00
Officer Director
$0 $45,863 $166,860
CLIFFORD DENNISON UNION TRUSTEE 1.00
Director
$0 $0 $2,400
JOHN KNOWLES EMPLOYER TRUSTEE 1.00
Director
$0 $0 $0
C BURKE EMPLOYER TRUSTEE 1.00
Director
$0 $0 $0
BERRY GILROY UNION TRUSTEE 1.00
Director
$0 $0 $0
BRIAN MAZZELLA EMPLOYER 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 No data No data No data No data
2023 $18,698,878 $16,109,787 $40,376,019 $2,589,091
2022 $16,879,071 $17,994,897 $36,844,505 $-1,115,826
2021 $17,999,357 $17,781,368 $40,754,444 $217,989
2020 $17,715,392 $18,459,202 $39,975,525 $-743,810
2019 $17,842,300 $16,604,790 $40,143,565 $1,237,510
2018 $15,928,518 $17,729,414 $36,971,273 $-1,800,896
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