OPERATING ENGINEERS LOCAL NO 37 HEALTH & WELFARE FUND (EIN 526039006) - 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

1956

Legal Domicile

Principal Officer

MARK F MCQUAY

Phone

4102549595

Tax Period

2023-01-01 to 2023-12-31

OPERATING ENGINEERS LOCAL NO 37 HEALTH & WELFARE FUND, founded in 1956, is a mid-sized nonprofit that reported $15.9M in total revenue in fiscal year 2023. Expenses of $17.6M exceeded revenue, resulting in a 11% operating deficit.

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS TO 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $14,851,061

Investment Income $1,005,921

Other Revenue $0

TOTAL REVENUE $15,856,982

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,403,235

TOTAL EXPENSES $17,648,700

Year-over-Year Comparison

	2023	2022	Change
Revenue	$15,856,982	$15,303,781	+0.0%
Expenses	$17,648,700	$17,398,666	+0.0%
Net Income	$-1,791,718	$-2,094,885	-0.1%

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

$365,215

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT A HOLSEY	CHAIRMAN	1.00	Director	$0	$61,423	$192,316
PIERCE J FLANIGAN IV	TRUSTEE	1.00	Director	$0	$0	$0
CHARLES MCGEE JR	TRUSTEE	1.00	Director	$0	$0	$0
MARK F MCQUAY	TRUSTEE	1.00	Director	$0	$61,423	$172,899
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	No data	No data	No data	No data
2023	$15,856,982	$17,648,700	$28,856,601	$-1,791,718
2022	$15,303,781	$17,398,666	$30,792,929	$-2,094,885
2021	$16,304,548	$16,032,302	$34,860,595	$272,246
2020	$13,385,699	$14,180,907	$33,160,305	$-795,208
2019	$13,535,025	$12,442,368	$33,492,529	$1,092,657
2018	$13,007,822	$11,687,353	$30,185,205	$1,320,469

OPERATING ENGINEERS LOCAL NO 37 HEALTH & WELFARE FUND