IUOE TRAINING AND EDUCATION CENTER… - Form 990 Financial Data

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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

2016

Legal Domicile

Principal Officer

JAMES CALLAHAN

Phone

2024299100

Tax Period

2023-01-01 to 2023-12-31

IUOE TRAINING AND EDUCATION CENTER INC, founded in 2016, is a community nonprofit in the Education sector that reported $9.4M in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $16.8M exceeded revenue, resulting in a 78% operating deficit.

Mission

TO PROVIDE A TRAINING FACILITY AND TRAINING FOR OPERATING ENGINEERS IN THE TRADE TO IMPROVE AND EXPAND THEIR SKILLS.

Program Service Accomplishments

Program 1

Expenses: $14,753,157 Revenue: $9,319,494

PROVIDE SPECIALIZED VOCATIONAL TRAINING AND EDUCATION TO IMPROVE AND EXPAND THE SKILLS OF OPERATING ENGINEERS AND RELATED FIELDS; DEVELOP AND APPROVE UP-TO-DATE STANDARDIZED EDUCATIONAL CURRICULUMS RELEVANT TO THE ORGANIZED OPERATING ENGINEER INDUSTRY; PROVIDE SUBJECT MATTER EXPERTS TO REVIEW EQUIPMENT AND FACILITY REQUIREMENTS IN SUPPORT OF ITEC'S EDUCATIONAL PROGRAMS; AND ENSURE THAT A COMPLIMENT OF QUALIFIED INSTRUCTORS IS MAINTAINED AND REGULARLY AVAILABLE AND CAPABLE OF PROVIDING HIGH-QUALITY TRAINING AND EDUCATION TO THE STUDENT BODY THROUGH CONTRACTUAL ARRANGEMENTS OR DIRECT EMPLOYMENT.OWN AND EXCLUSIVELY OPERATE A 501(C)(3) QUALIFIED TRAINING AND EDUCATION FACILITY, EXEMPT FROM STATE PROPERTY TAX AS A PRIVATE SCHOOL, IN A SECURE AND SAFE TRAINING ENVIRONMENT CLOSED TO THE PUBLIC, THAT IS CAPABLE OF MAINTAINING AND SERVING A REGULAR FULL-TIME BODY OF OPERATING ENGINEER STUDENTS; SUPPORTING ITEC'S EDUCATIONAL FUNCTIONS AS WELL AS THE EDUCATIONAL FUNCTIONS OF RELATED OPERATING ENGINEER TRAINING AND EDUCATIONAL PROGRAMS; WHICH PROVIDES, AMONG OTHER FEATURES, TRAINING AND EDUCATIONAL EQUIPMENT, SPECIALIZED CLASSROOM AND PRACTICAL TRAINING SPACES, THE NECESSARY INFRASTRUCTURE TO SUPPORT INSTRUCTORS AND SPECIALIZED TRAINING, AND ON-SITE STUDENT HOUSING AND MEALS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $9,005,082

Investment Income $0

Other Revenue $421,014

TOTAL REVENUE $9,426,096

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,225,632

Fundraising Expenses $0

Program Expenses $14,753,157

Other Expenses $13,575,874

TOTAL EXPENSES $16,801,506

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,426,096	$7,229,291	+0.3%
Expenses	$16,801,506	$15,859,354	+0.1%
Net Income	$-7,375,410	$-8,630,063	-0.1%

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

N/A

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

$1,230,985

Total Directors

$1,907,296

Key Employees

$217,112

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CALLAHAN JAMES T	CHAIRMAN	1.00	Officer Director	$0	$172,567	$668,874
MCGUIRE MATTHEW G	SECRETARY-TREASURER	1.00	Officer Director	$0	$149,311	$562,111
SINGLETARY CHARLES R	DIRECTOR	1.00	Director	$0	$39,471	$156,073
TREML CHRISTOPHER	DIRECTOR	1.00	Director	$0	$62,976	$332,128
MCLAUGHLIN WILLIAM D	DIRECTOR	1.00	Director	$0	$7,752	$32,037
ABEL BRYAN D	DIRECTOR	1.00	Director	$0	$0	$0
KELLY PATRICK J	DIRECTOR	1.00	Director	$0	$39,471	$156,073
TIM MANRIQUEZ	GENERAL MANAGER	40.00	Key Emp	$161,672	$55,440	$217,112

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	No data	No data	No data	No data
2023	$9,426,096	$16,801,506	$142,672,184	$-7,375,410
2022	$7,229,291	$15,859,354	$145,489,863	$-8,630,063
2021	$4,876,068	$14,568,805	$150,888,644	$-9,692,737
2020	$4,289,675	$17,828,472	$153,570,252	$-13,538,797
2019	$6,836,571	$12,814,217	$150,204,454	$-5,977,646
2018	$3,134,702	$9,973,231	$147,795,425	$-6,838,529

IUOE TRAINING AND EDUCATION CENTER INC