INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL # 470 (EIN 570164925) - 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

1936

Legal Domicile

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

TRAINING UNION MEMBERS.

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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 $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

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

$274,754

Total Directors

$274,754

Key Employees

Highest Compensated

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

INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL # 470