OKLAHOMA OPERATING ENGINEERS WELFARE PLAN (EIN 730790052) - 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

1969

Legal Domicile

Principal Officer

MICHAEL STARK JR

Phone

4056822323

Tax Period

2024-09-01 to 2025-08-31

OKLAHOMA OPERATING ENGINEERS WELFARE PLAN, founded in 1969, is a community nonprofit that reported $9.5M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $8.4M left a modest 12% surplus.

Mission

MULTIEMPLOYER HEALTH AND WELFARE PLAN DESIGNED TO PROVIDE BENEFITS FOR ELIGIBLE PARTICIPANTS AND BENEFICIARIES AS SPECIFIED IN THE PLAN DOCUMENT.

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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 $8,063,469

Investment Income $1,438,457

Other Revenue $1,133

TOTAL REVENUE $9,503,059

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $705,815

TOTAL EXPENSES $8,372,722

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,503,059	$8,477,582	+0.1%
Expenses	$8,372,722	$8,082,493	+0.0%
Net Income	$1,130,337	$395,089	+1.9%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL STARK JR	UNION TRUSTEE	1.00	Director	$0	$0	$0
JUSTIN EVANS	UNION TRUSTEE	1.00	Director	$0	$0	$0
MATT THOMAS	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
MARK LITTLE	EMPLOYER 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
2025	$9,503,059	$8,372,722	$30,220,259	$1,130,337
2024	$8,477,582	$8,082,493	$27,915,919	$395,089
2023	$6,396,231	$6,377,003	$24,481,992	$19,228
2022	$6,221,944	$4,768,588	$23,104,488	$1,453,356
2021	$6,830,151	$3,979,218	$25,938,314	$2,850,933
2020	$6,351,272	$7,716,656	$23,751,871	$-1,365,384
2019	$7,816,073	$6,252,893	$23,778,868	$1,563,180
2018	$8,340,888	$7,349,086	$22,239,595	$991,802

OKLAHOMA OPERATING ENGINEERS WELFARE PLAN