INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 147

EIN: 540325987

NORFOLK, VA

Total Revenue
$2,248,848
Total Expenses
$1,887,395
Total Assets
$7,419,962
Net Assets
$7,393,924
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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
1942
Legal Domicile
VA
Principal Officer
DAVID BRADY HORNE
Phone
7574614505
Tax Period
2025-01-01 to 2025-12-31

INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 147, founded in 1942, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2025. Revenue fell 39% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $361K, a strong 16% operating margin.

Mission

THE LOCAL UNION SUPPORTS APPROXIMATELY 1,200 MEMBERS IN THE GOAL OF ACHIEVING BETTER WORKING CONDITIONS, BENEFITS AND WAGES WITHIN THE INDUSTRY.

Program Service Accomplishments

Program 1
Expenses: $1,243,504 Revenue: $1,961,927

THE LOCAL UNION SUPPORTS APPROXIMATELY 1,200 MEMBERS IN THE GOAL OF ACHIEVING BETTER WORKING CONDITIONS, BENEFITS AND WAGES WITHIN THE INDUSTRY.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,961,927
Investment Income $311,264
Other Revenue $-24,343
TOTAL REVENUE $2,248,848

Expense Breakdown

Grants Paid $392,197
Salaries & Benefits $1,031,188
Fundraising Expenses $0
Program Expenses $1,243,504
Other Expenses $464,010
TOTAL EXPENSES $1,887,395

Year-over-Year Comparison

2025 2024 Change
Revenue $2,248,848 $3,701,649 -0.4%
Expenses $1,887,395 $2,158,493 -0.1%
Net Income $361,453 $1,543,156 -0.8%
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
9
Independent Members
5
Employees
7
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
5
$683,571
Total Directors
9
$683,571
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID BRADY HORNE VICE PRESIDE 40.00
Officer Director
$131,166 $56,363 $187,529
CHRISTOPHER MACEY PRESIDENT 40.00
Officer Director
$111,910 $54,917 $166,827
MATTHEW BAKER REC. SECRETA 1.00
Officer Director
$0 $0 $0
CHRIS WEBB FINANCIAL SE 1.00
Officer Director
$111,910 $50,478 $162,388
RAYMOND STANTON JR TREASURER 40.00
Officer Director
$111,910 $54,917 $166,827
JOHN JOSEPH JR GUARD/CONDUC 1.00
Director
$0 $0 $0
SHANE ELEY TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL POHL TRUSTEE 1.00
Director
$0 $0 $0
AARON LEGUM TRUSTEE/AUDI 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
2025 $2,248,848 $1,887,395 $7,419,962 $361,453
2024 $3,701,649 $2,158,493 $7,060,374 $1,543,156
2023 $2,398,203 $1,124,295 $5,521,180 $1,273,908
2022 $1,290,715 $1,080,251 $4,251,638 $210,464
2021 $1,621,348 $987,296 $4,037,772 $634,052
2020 $1,023,357 $1,008,734 $3,388,635 $14,623
2019 $1,677,121 $1,050,582 $3,396,533 $626,539
2018 $1,813,599 $913,708 $2,773,872 $899,891
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