International Union of Operating Engineers Local Union No 178 Journeyman (EIN 752514452) - 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

1994

Legal Domicile

Principal Officer

Nick Webb

Phone

9729801123

Tax Period

2024-02-01 to 2025-01-31

International Union of Operating Engineers Local Union No 178 Journeyman, founded in 1994, is a small nonprofit in the Education sector that reported $691K in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. The organization ran a surplus of $234K, a strong 34% operating margin.

Mission

To provie facilities and training to develop the skills of operating engineers.

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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 $644,837

Investment Income $40,607

Other Revenue $5,068

TOTAL REVENUE $690,512

Expense Breakdown

Grants Paid $0

Salaries & Benefits $193,837

Fundraising Expenses $0

Program Expenses $289,457

Other Expenses $262,346

TOTAL EXPENSES $456,183

Year-over-Year Comparison

	2024	2023	Change
Revenue	$690,512	$513,165	+0.3%
Expenses	$456,183	$451,878	+0.0%
Net Income	$234,329	$61,287	+2.8%

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

$179,748

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Nick Webb	Training Coordinator	045.00	Officer	$134,119	$45,629	$179,748
Sean Maxey	Chairman	001.00	Officer Director	$0	$0	$0
Robert Teran	Union Trustee-Secretary	001.00	Officer Director	$0	$0	$0
Robert Hilty	Union Trustee	001.00	Director	$0	$0	$0
Dennis Davis	Management Trustee	001.00	Director	$0	$0	$0
James Oxford	Management Trustee	001.00	Director	$0	$0	$0
Wed Dowd	Management Trustee	001.00	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	$690,512	$456,183	$1,377,001	$234,329
2024	$513,165	$451,878	$1,142,081	$61,287
2023	$508,746	$428,157	$1,080,962	$80,589
2022	$377,205	$477,723	$946,921	$-100,518
2021	$369,621	$483,860	$1,047,678	$-114,239
2020	$579,921	$611,249	$1,166,039	$-31,328
2019	$374,301	$391,080	$1,193,947	$-16,779

International Union of Operating Engineers Local Union No 178 Journeyman