INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 800 (EIN 721583036) - 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

2004

Legal Domicile

Principal Officer

PHILLIP CORNELLA

Phone

3072651397

Tax Period

2024-01-01 to 2024-12-31

INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 800, founded in 2004, is a small nonprofit that reported $335K in total revenue in fiscal year 2024. Expenses of $495K exceeded revenue, resulting in a 48% operating deficit.

Mission

TO ORGANIZE ALL PEOPLE WORKING UNDER THE OPERATING ENGINEERS CRAFTS JURISDICTION. TO SECURE IMPROVE WAGES, HOURS, WORKING CONDITIONS AND OTHER ECONOMIC BENEFITS THROUGH ORGANIZATION, NEGOTIATIONS AND COLLECTIVE BARGAINING.

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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 $286,165

Investment Income $45,330

Other Revenue $3,440

TOTAL REVENUE $334,935

Expense Breakdown

Grants Paid $0

Salaries & Benefits $297,127

Fundraising Expenses $0

Other Expenses $197,551

TOTAL EXPENSES $494,678

Year-over-Year Comparison

	2024	2023	Change
Revenue	$334,935	$331,702	+0.0%
Expenses	$494,678	$450,268	+0.1%
Net Income	$-159,743	$-118,566	+0.3%

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

$317,662

Total Directors

$317,662

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATTHEW NIEMI	PRESIDENT	1.00	Officer Director	$0	$0	$0
LUKE PETERSON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
GERSAIN SANCHEZ	TREASURER	1.00	Officer Director	$0	$0	$0
PHILLIP CORNELLA	BUSINESS MANAGER/FINANCIAL	45.00	Officer Director	$106,478	$52,289	$160,839
JOHN ISAACSON	TRUSTEE	1.00	Director	$0	$0	$0
AUSTIN WAGNER	TRUSTEE	1.00	Director	$0	$0	$0
DREW SLAVKOFF	TRUSTEE	1.00	Director	$0	$0	$0
ROY SMITH	RECORDING/CORRESPONDING SE	5.00	Officer Director	$2,239	$54,462	$156,823
DAKOTA HOLMES	TRUSTEE	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
2024	$334,935	$494,678	$867,901	$-159,743
2023	$331,702	$450,268	$972,329	$-118,566
2022	$304,974	$434,739	$999,420	$-129,765
2021	$977,221	$628,722	$1,315,081	$348,499
2020	$527,484	$567,205	$934,229	$-39,721
2019	$726,356	$703,264	$931,888	$23,092
2018	$551,071	$627,924	$828,057	$-76,853

INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 800