INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 624 (EIN 640281410) - 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

1946

Legal Domicile

Principal Officer

ROYCE COBY GRAVES

Phone

6013533914

Tax Period

2024-07-01 to 2025-06-30

INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 624, founded in 1946, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $1.2M left a modest 7% surplus.

Mission

THE ORGANIZATION IS A TRADE UNION THAT REPRESENTS OPERATING ENGINEERS, WHO WORK AS HEAVY EQUIPMENT OPERATORS, MECHANICS,AND SURVEYORS IN THE CONSTRUCTION INDUSTRY, AND STATIONARY ENGINEERS, WHO WORK IN OPERATIONS AND MAINTENANCE IN BUILDING AND INDUSTRIAL COMPLEXES AND IN THE SERVICE INDUSTRIES. IUOE IS A TRADE UNION THAT IS DEDICATED TO THE COMMON INTEREST OF ITS MEMBERS BY ENSURING PROTECTIONS OF PREVAILING WAGES ON PUBLIC PROJECTS AND ALLEVIATING HEALTHCARE COSTS THROUGH COALITION BUILDING.

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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 $1,112,587

Investment Income $98,132

Other Revenue $76,212

TOTAL REVENUE $1,286,931

Expense Breakdown

Grants Paid $0

Salaries & Benefits $625,850

Fundraising Expenses $0

Other Expenses $574,882

TOTAL EXPENSES $1,200,732

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,286,931	$1,126,170	+0.1%
Expenses	$1,200,732	$1,023,338	+0.2%
Net Income	$86,199	$102,832	-0.2%

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

$686,886

Total Directors

$686,886

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROYCE COBY GRAVES	PRESIDENT/BU	40.00	Officer Director	$127,060	$46,828	$173,888
WILLIAM LOUIS HENDERSON	RECORDING SE	40.00	Officer Director	$97,251	$46,828	$144,079
BRETT DANIEL	VICE PRES/FI	40.00	Officer Director	$98,959	$46,828	$145,787
ROBBI ARIANE SALTSMAN	GUARD/OFFICE	40.00	Officer Director	$65,030	$46,828	$111,858
CHRIS WOOD	CONDUCTOR/AU	1.00	Officer Director	$0	$0	$0
TALMAGE MAGEE	TRUSTEE/AUDI	1.00	Officer Director	$0	$0	$0
FREDERICK SCOTT BEDWELL	TRUSTEE/AUDI	1.00	Officer Director	$0	$0	$0
EDWIN BRUCE PENNINGTON	TRUSTEE	1.00	Officer Director	$0	$35,408	$111,274

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	$1,286,931	$1,200,732	$3,083,549	$86,199
2024	$1,126,170	$1,023,338	$3,009,854	$102,832
2023	$919,362	$952,420	$2,851,564	$-33,058
2022	$864,272	$870,985	$2,937,096	$-6,713
2021	$876,567	$868,657	$2,949,405	$7,910
2020	$773,109	$658,293	$2,980,381	$114,816
2019	$694,705	$632,987	$2,827,057	$61,718

INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 624