BD OF TRUSTEES-OPERATING ENGINEERS LOCAL UNION NO 147 HEALTH FUND (EIN 546079967) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1962

Legal Domicile

Principal Officer

BRADY HORNE

Phone

6158590131

Tax Period

2024-08-01 to 2025-07-31

I U O E LOCAL 147 HEALTH FUND, founded in 1962, is a community nonprofit that reported $7.0M in total revenue in fiscal year 2019. The organization ran a surplus of $1.1M, a strong 15% operating margin.

Mission

THE PROVISION OF BENEFITS TO PARTICIPANTS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $10,361,089

Investment Income $471,303

Other Revenue $271,138

TOTAL REVENUE $11,103,530

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,295

Fundraising Expenses $0

Other Expenses $1,562,957

TOTAL EXPENSES $7,329,614

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,103,530	$10,379,013	+0.1%
Expenses	$7,329,614	$9,697,143	-0.2%
Net Income	$3,773,916	$681,870	+4.5%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BLAIR CARLTON	TRUSTEE	2.00	Director	$0	$0	$0
JERRY CONNER	TRUSTEE	2.00	Director	$0	$0	$0
BRADY HORNE	CHAIRMAN	2.00	Officer Director	$0	$0	$0
RAYMOND R STATON JR	ALTERNATE TR	2.00	Director	$0	$0	$0
JACK B RICE	SECRETARY	2.00	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	$11,103,530	$7,329,614	$13,911,769	$3,773,916
2024	No data	No data	No data	No data
2023	$7,527,879	$6,767,202	$8,685,271	$760,677
2022	$7,022,992	$5,429,561	$7,614,819	$1,593,431
2021	$6,318,414	$5,764,478	$6,144,312	$553,936
2020	$7,018,553	$5,949,606	$5,507,646	$1,068,947

BD OF TRUSTEES-OPERATING ENGINEERS LOCAL UNION NO 147 HEALTH FUND