INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 487 H & W PLAN

EIN: 596231991

SPARKS, MD

Total Revenue
$11,357,468
Total Expenses
$9,965,437
Total Assets
$4,667,664
Net Assets
$4,470,897
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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
1970
Legal Domicile
FL
Principal Officer
WALBERTO UTRERAS
Phone
4106836500
Tax Period
2024-04-01 to 2025-03-31

INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 487 H & W PLAN, founded in 1970, is a mid-sized nonprofit that reported $11.4M in total revenue in fiscal year 2024. Expenses of $10.0M left a modest 12% surplus.

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS ON BEHALF OF PARTICIPATING MEMBERS AND THEIR DEPENDENTS.

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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 $11,303,597
Investment Income $53,871
Other Revenue $0
TOTAL REVENUE $11,357,468

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $266,048
TOTAL EXPENSES $9,965,437

Year-over-Year Comparison

2024 2023 Change
Revenue $11,357,468 $11,267,264 +0.0%
Expenses $9,965,437 $11,128,153 -0.1%
Net Income $1,392,031 $139,111 +9.0%
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
8
Independent Members
8
Employees
N/A
Volunteers
11

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
4
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SCOTT ALFELE TRUSTEE 0.40
Director
$0 $0 $0
JASON CRIBARI TRUSTEE 0.40
Director
$0 $0 $0
DAVID SHORT JR TRUSTEE 0.40
Director
$0 $0 $0
JACK EPPERSON JR TRUSTEE 0.40
Director
$0 $0 $0
JAMES JUNECKO TRUSTEE 0.40
Director
$0 $0 $0
JAMES KAMMER TRUSTEE 0.40
Director
$0 $0 $0
CLAUDE POTTER VICE CHAIRPE 0.40
Officer Director
$0 $0 $0
RODNEY SANDERS TRUSTEE 0.40
Director
$0 $0 $0
MARK SCHAUNAMAN CHAIRPERSON 0.80
Officer Director
$0 $0 $0
JONATHAN TURK SECRETARY/TR 0.40
Officer Director
$0 $0 $0
WALBERTO UTRERAS TRUSTEE/CHAI 0.80
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 $11,357,468 $9,965,437 $4,667,664 $1,392,031
2024 $11,267,264 $11,128,153 $3,956,462 $139,111
2023 $11,017,347 $9,101,943 $4,431,339 $1,915,404
2022 $8,845,410 $8,178,440 $2,546,789 $666,970
2021 $7,311,032 $8,818,380 $1,897,386 $-1,507,348
2020 $7,453,924 $9,622,534 $1,876,979 $-2,168,610
2019 $7,092,993 $8,177,658 $4,053,781 $-1,084,665
2018 $6,679,033 $7,199,083 $5,163,161 $-520,050
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