Operating Engineers Labor Mgmt Co Trust (EIN 550777238) - 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

2001

Legal Domicile

Principal Officer

Charles Parker

Phone

3043437731

Tax Period

2024-01-01 to 2024-12-31

Operating Engineers Labor Mgmt Co Trust, founded in 2001, is a small nonprofit in the Employment sector that reported $523K in total revenue in fiscal year 2024. The organization ran a surplus of $363K, a strong 69% operating margin.

Mission

The Trust is a joint effort between the International Union of Operating Engineers Local #132 and the Contractors/Employers of the West Virginia Heavy/Highway Construction Industry. The purpose of the trust is to improve economic competitiveness and management-labor relations.

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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 $409,373

Investment Income $113,805

Other Revenue $106

TOTAL REVENUE $523,284

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,289

Fundraising Expenses $0

Program Expenses $158,121

Other Expenses $156,661

TOTAL EXPENSES $159,950

Year-over-Year Comparison

	2024	2023	Change
Revenue	$523,284	$545,529	0.0%
Expenses	$159,950	$203,563	-0.2%
Net Income	$363,334	$341,966	+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

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

$419,047

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ken Lake	Co-Chairman	0.50	Director	$0	$0	$0
Charles Parker	Co-Chairman	1.00	Director	$0	$59,764	$225,103
John Dean	Trustee	0.30	Director	$0	$59,764	$193,944
Robert M Cane II	Trustee	0.30	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	$523,284	$159,950	$3,441,674	$363,334
2023	$545,529	$203,563	$3,034,054	$341,966
2022	$451,616	$342,229	$2,631,600	$109,387
2021	$439,236	$217,499	$2,704,551	$221,737
2020	$349,820	$295,386	$2,511,615	$54,434
2019	$348,106	$185,551	$2,405,001	$162,555
2018	$211,170	$218,875	$2,166,605	$-7,705

Operating Engineers Labor Mgmt Co Trust