International Union of Operating Engineers Local 132 Apprenticeship Fund (EIN 550523152) - 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

1973

Legal Domicile

Phone

3045250482

Tax Period

2024-04-01 to 2025-03-31

International Union of Operating Engineers Local 132 Apprenticeship Fund, founded in 1973, is a community nonprofit that reported $3.2M in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. The organization ran a surplus of $541K, a strong 17% operating margin.

Mission

Training and Skill Improvement

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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 $0

Program Service Revenue $2,460,468

Investment Income $727,339

Other Revenue $0

TOTAL REVENUE $3,187,807

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,311,938

Fundraising Expenses $0

Program Expenses $2,199,220

Other Expenses $864,749

TOTAL EXPENSES $2,646,915

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,187,807	$3,657,530	-0.1%
Expenses	$2,646,915	$2,259,541	+0.2%
Net Income	$540,892	$1,397,989	-0.6%

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

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

Total Directors

$436,597

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Charles Parker	Trustee	1.00	Director	$0	$59,724	$225,063
D W Daniel Jr	Trustee	1.00	Director	$0	$0	$0
John Farley	Trustee	1.00	Director	$0	$0	$0
Neil Huffman	Trustee	1.00	Director	$0	$59,724	$211,534

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	$3,187,807	$2,646,915	$42,219,871	$540,892
2024	$3,657,530	$2,259,541	$40,244,013	$1,397,989
2023	$2,762,738	$2,136,347	$34,800,118	$626,391
2022	$3,196,921	$2,396,186	$36,530,894	$800,735
2021	$5,628,898	$2,342,146	$34,878,409	$3,286,752
2020	$4,778,911	$2,174,822	$28,067,359	$2,604,089
2019	$8,797,346	$2,006,527	$26,715,673	$6,790,819

International Union of Operating Engineers Local 132 Apprenticeship Fund