INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL # 470

EIN: 570164925

GRANITEVILLE, SC

Total Revenue
$755,924
Total Expenses
$765,639
Total Assets
$769,374
Net Assets
$704,192
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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
1936
Legal Domicile
SC
Principal Officer
JEFF BRITT
Phone
8036636027
Tax Period
2024-07-01 to 2025-06-30

INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL # 470, founded in 1936, is a small nonprofit that reported $756K in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE UNION MEMBERS TRAINING, SAFETY, JOB SECURITY, POTENTIAL STRIKE BENEFITS, AND EMPLOYEE REPRESENTATION TO MANAGEMENT OF VARIOUS BUSINESSES AND INDUSTRIES.

Program Service Accomplishments

Program 1

PROVIDE UNION MEMBERS TRAINING, SAFETY, JOB SECURITY, POTENTIAL STRIKE BENEFITS, AND EMPLOYEE REPRESENTATION TO MANAGEMENT OF VARIOUS BUSINESSES AND INDUSTRIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $722,358
Investment Income $-44,782
Other Revenue $78,348
TOTAL REVENUE $755,924

Expense Breakdown

Grants Paid $0
Salaries & Benefits $404,898
Fundraising Expenses $0
Other Expenses $157,076
TOTAL EXPENSES $765,639

Year-over-Year Comparison

2024 2023 Change
Revenue $755,924 $637,985 +0.2%
Expenses $765,639 $613,259 +0.2%
Net Income $-9,715 $24,726 -1.4%
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
12
Independent Members
9
Employees
3
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
$274,754
Total Directors
12
$274,754
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHNNY COLBURN PRESIDENT 45.00
Officer Director
$114,069 $0 $114,069
JASON BRITT RECORDING SECRETARY 15.00
Officer Director
$0 $0 $0
JEFF BRITT BUSINESS MANAGER 50.00
Officer Director
$160,685 $0 $160,685
STEVEN ERGLE AUDITOR 15.00
Officer Director
$0 $0 $0
LARRY KING FIN. SECRETARY 15.00
Officer Director
$0 $0 $0
CURTIS WHITAKER VICE-PRESIDENT 15.00
Director
$0 $0 $0
MICHAEL BATES TREASURER & TRUSTEE 1.00
Director
$0 $0 $0
JERRY STOREY TRUSTEE 1.00
Director
$0 $0 $0
BRIAN PULTORAK AUDITOR 1.00
Director
$0 $0 $0
NICHOLAS WHITAKER GUARD 1.00
Director
$0 $0 $0
BRITT JENNINGS AUDITOR 1.00
Director
$0 $0 $0
RICHARD MCCUNE CONDUCTOR 1.00
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 $755,924 $765,639 $769,374 $-9,715
2024 $637,985 $613,259 $729,900 $24,726
2023 $614,153 $645,440 $741,773 $-31,287
2022 $630,000 $608,813 $775,227 $21,187
2021 $515,329 $549,662 $778,144 $-34,333
2020 $568,057 $571,379 $740,504 $-3,322
2019 $536,024 $596,443 $749,073 $-60,419
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