INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 465 AFL-CIO (EIN 560961306) - 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

1945

Legal Domicile

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.

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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 (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

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

$258,285

Total Directors

$258,285

Key Employees

Highest Compensated

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

INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 465 AFL-CIO