INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 487

EIN: 590234380

MIAMI, FL

Total Revenue
$2,740,703
Total Expenses
$2,897,810
Total Assets
$8,665,675
Net Assets
$8,590,568
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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
1911
Legal Domicile
FL
Principal Officer
Mark Schaunaman
Phone
3056344314
Tax Period
2022-01-01 to 2022-12-31

INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 487, founded in 1911, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2022. Net assets of $8.6M represent 38 months of operating reserves.

Mission

The Local Union acts as collective bargaining agent for its 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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $2,651,746
Program Service Revenue $23,707
Investment Income $16,079
Other Revenue $49,171
TOTAL REVENUE $2,740,703

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,585,678
Fundraising Expenses $0
Other Expenses $1,255,434
TOTAL EXPENSES $2,897,810

Year-over-Year Comparison

2022 2021 Change
Revenue $2,740,703 $2,666,673 +0.0%
Expenses $2,897,810 $2,250,797 +0.3%
Net Income $-157,107 $415,876 -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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Governance

Voting Members
7
Independent Members
N/A
Employees
12
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
6
$443,578
Total Directors
16
$443,578
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Mark Schaunaman Business Manager 40.00
Officer Director
$131,373 $0 $131,373
Walberto Utreras Financial Secretary 40.00
Officer Director
$102,673 $0 $102,673
Scott Singer President, Surveyor 40.00
Officer Director
$103,729 $0 $103,729
Rodney Sanders Rec Secretary 5.00
Officer Director
$1,650 $0 $1,650
John Mullin Vice President 40.00
Officer Director
$104,153 $0 $104,153
Daniel McCullers Treasurer 10.00
Officer Director
$0 $0 $0
Guillermo Gonzales-Aries Conductor 10.00
Director
$0 $0 $0
Charles Coppola Trustee 10.00
Director
$0 $0 $0
Patrick Roberts Trustee 10.00
Director
$0 $0 $0
Hugh Lopez Trustee 10.00
Director
$0 $0 $0
Michael Smith Auditor 10.00
Director
$0 $0 $0
Charles Hartig Auditor 10.00
Director
$0 $0 $0
Philip Underwood Auditor 10.00
Director
$0 $0 $0
Bruce Schronick Guard 10.00
Director
$0 $0 $0
James Junecko Board Member - District 92 10.00
Director
$0 $0 $0
Dylan Sherman Board Member - District 92 10.00
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
2024 No data No data No data No data
2023 No data No data No data No data
2022 $2,740,703 $2,897,810 $8,665,675 $-157,107
2021 $2,666,673 $2,250,797 $9,158,368 $415,876
2020 $2,501,213 $2,510,021 $8,912,255 $-8,808
2019 $2,743,309 $2,388,746 $8,730,902 $354,563
2018 $2,808,437 $2,025,721 $8,091,895 $782,716
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