OPERATING ENGINEERS LOCAL UNION NO 3 VACATION HOLIDAY AND SICK PAY TRUST FUND (EIN 816631261) - 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

2016

Legal Domicile

Principal Officer

DAN REDING

Phone

5106718800

Tax Period

2024-01-01 to 2024-12-31

OPERATING ENGINEERS LOCAL UNION NO 3 VACATION HOLIDAY AND SICK PAY TRUST FUND, founded in 2016, is a major nonprofit in the Mutual Benefit sector that reported $174.6M in total revenue in fiscal year 2024.

Mission

TO PROVIDE VACATION AND HOLIDAY AND SICK PAY BENEFITS DURING WORKING YEARS TO ELIGIBLE OPERATING ENGINEERS COVERED BY COLLECTIVE BARGAINING AGREEMENTS.

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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 $174,254,915

Investment Income $177,980

Other Revenue $188,636

TOTAL REVENUE $174,621,531

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,328,854

TOTAL EXPENSES $174,520,218

Year-over-Year Comparison

	2024	2023	Change
Revenue	$174,621,531	$168,407,792	+0.0%
Expenses	$174,520,218	$168,566,850	+0.0%
Net Income	$101,313	$-159,058	-1.6%

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

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
JAMES E MURRAY	co-CHAIRMAN	1.0	Director	$0	$0	$0
LANCE INOUYE	TRUSTEE	1.0	Director	$0	$0	$0
TOM SQUERI	TRUSTEE	1.0	Director	$0	$0	$0
JUSTIN DISTON	TRUSTEE	1.0	Director	$0	$0	$0
NATE TUCKER	TRUSTEE	1.0	Director	$0	$0	$0
DAVID HARRISON	TRUSTEE	1.0	Director	$0	$0	$0
DAN REDING	CO-CHAIRMAN	1.0	Director	$0	$0	$0
GARRET UPDIKE	TRUSTEE (TERM)	1.0	Director	$0	$0	$0
JEFF COCHRAN	TRUSTEE	1.0	Director	$0	$0	$0
BRUCE NOEL	TRUSTEE	1.0	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	$174,621,531	$174,520,218	$31,595,202	$101,313
2023	$168,407,792	$168,566,850	$31,865,912	$-159,058
2022	$160,649,666	$160,893,095	$28,962,225	$-243,429
2021	$142,847,042	$142,106,257	$26,269,698	$740,785
2020	$129,769,480	$129,308,159	$23,944,177	$461,321
2019	$129,942,280	$128,853,214	$23,617,974	$1,089,066
2018	$128,354,315	$127,786,929	$22,426,769	$567,386

OPERATING ENGINEERS LOCAL UNION NO 3 VACATION HOLIDAY AND SICK PAY TRUST FUND