OPERATING ENGINEERS LOCAL 4 CHARITABLE FOUNDATION INC

EIN: 824664499 501(c)(3) Philanthropy & Grantmaking

MEDWAY, MA

Total Revenue
$140,181
Total Expenses
$107,262
Total Assets
$76,991
Net Assets
$76,991
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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
2018
Legal Domicile
MA
Phone
5085331433
Tax Period
2023-01-01 to 2023-12-31

OPERATING ENGINEERS LOCAL 4 CHARITABLE FOUNDATION INC, founded in 2018, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $140K in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $33K, a strong 23% operating margin.

Mission

THE PURPOSE OF THE ORGANIZATION IS TO PROVIDE FINANCIAL ASSISTANCE EITHER DIRECTLY OR THROUGH OTHER TAX-EXEMPT CHARITABLE ORGANIZATIONS FOR THE PUBLIC WELFARE, OR FOR COMMUNITY FUND, HOSPITAL, CHARITABLE, RELIGIOUS, EDUCATIONAL, SCIENTIFIC, CIVIC, OR SIMILAR PURPOSES OR IN TIME OF WAR OR OTHER NATIONAL EMERGENCY, IN AID THEREOF.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $139,834
Program Service Revenue $0
Investment Income $347
Other Revenue $0
TOTAL REVENUE $140,181

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $100,000
Other Expenses $107,262
TOTAL EXPENSES $107,262

Year-over-Year Comparison

2023 2022 Change
Revenue $140,181 $112,474 +0.2%
Expenses $107,262 $101,262 +0.1%
Net Income $32,919 $11,212 +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

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Governance

Voting Members
10
Independent Members
1
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
0
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL J BOWES PRESIDENT/DIRECTOR - EFF 09/23 1.00
Director
$0 $0 $0
WILLIAM D MCLAUGHLIN PRESIDENT/DIRECTOR - THRU 09/23 1.00
Director
$0 $0 $0
DAVID F SHEA JR VICE PRESIDENT/DIRECTOR 1.00
Director
$0 $0 $0
DAVID F FANTINI TREASURER/DIRECTOR 1.00
Director
$0 $0 $0
CHRISTOPHER L CAREY CLERK/DIRECTOR - EFF 09/23 1.00
Director
$0 $0 $0
MICHAEL J BOWES CLERK - THRU 09/23 1.00
Director
$0 $0 $0
PAUL C DIMINICO DIRECTOR 1.00
Director
$0 $0 $0
CHRISTOPHER T FOGARTY DIRECTOR 1.00
Director
$0 $0 $0
DAVID D DOBSON JR DIRECTOR - THRU 07/23 1.00
Director
$0 $0 $0
ROBERT A BURR DIRECTOR 1.00
Director
$0 $0 $0
GREGORY A GEIMAN DIRECTOR 1.00
Director
$0 $0 $0
JAMES M MARENGHI DIRECTOR - EFF 9/23 1.00
Director
$0 $0 $0
RYAN P MANCINI DIRECTOR - EFF 10/23 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 No data No data No data No data
2023 $140,181 $107,262 $76,991 $32,919
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