INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 465 AFL-CIO

EIN: 560961306

DURHAM, NC

Total Revenue
$2,270,888
Total Expenses
$1,059,536
Total Assets
$3,207,026
Net Assets
$3,179,024
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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
1945
Legal Domicile
NC
Principal Officer
STEPHEN RUMBURG
Phone
9195966869
Tax Period
2022-07-01 to 2023-06-30

INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 465 AFL-CIO, founded in 1945, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2022. Revenue surged 147% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 53% operating margin.

Mission

REPRESENTING MEMBERS AND PROMOTING THEIR OCCUPATIONAL INTEREST IS THE ORGANIZATION'S SOLE PURPOSE.

Program Service Accomplishments

Program 1
Expenses: $841,977 Revenue: $2,218,639

LOCAL 465 PURSUES STRATEGIES AND ACTIVITIES THAT SERVES THE INTEREST OF ITS MEMBERS. THIS INCLUDES REPRESENTING MEMBERS AND NEGOTIATING WITH EMPLOYERS, RECRUITING NEW MEMBERS, AND ENGAGING IN...

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LOCAL 465 PURSUES STRATEGIES AND ACTIVITIES THAT SERVES THE INTEREST OF ITS MEMBERS. THIS INCLUDES REPRESENTING MEMBERS AND NEGOTIATING WITH EMPLOYERS, RECRUITING NEW MEMBERS, AND ENGAGING IN POLITICAL ACTION WHEN NECESSARY TO SUPPORT POLICIES THAT IMPROVE WORKING CONDITIONS FOR ALL WORKERS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,218,639
Investment Income $45,232
Other Revenue $7,017
TOTAL REVENUE $2,270,888

Expense Breakdown

Grants Paid $0
Salaries & Benefits $610,635
Fundraising Expenses $0
Program Expenses $841,977
Other Expenses $448,901
TOTAL EXPENSES $1,059,536

Year-over-Year Comparison

2022 2021 Change
Revenue $2,270,888 $917,819 +1.5%
Expenses $1,059,536 $923,939 +0.1%
Net Income $1,211,352 $-6,120 -198.9%
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
5
Independent Members
3
Employees
6
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
$258,285
Total Directors
5
$258,285
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEPHEN RUMBURG PRESIDENT/BU 40.00
Officer Director
$99,726 $43,604 $143,330
JOSEPH FERONE REC SEC/ BUS 40.00
Officer Director
$78,802 $36,153 $114,955
RON MURPHY FIN SECRETAR 1.00
Officer Director
$0 $0 $0
SHAWN SANFORD TREASURER 1.00
Officer Director
$0 $0 $0
ABIATHAR WADE VICE PRESIDE 1.00
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 No data No data No data No data
2024 No data No data No data No data
2023 $2,270,888 $1,059,536 $3,207,026 $1,211,352
2022 $917,819 $923,939 $2,012,095 $-6,120
2021 $1,091,112 $847,368 $2,064,070 $243,744
2020 $1,304,999 $851,418 $1,769,414 $453,581
2019 $1,090,060 $767,574 $1,315,050 $322,486
2018 $1,037,549 $706,663 $991,295 $330,886
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