OPERATING ENGINEERS LOCAL #1 (EIN 840235478) - 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

1975

Legal Domicile

Principal Officer

THEODORE HERRERA

Phone

3034338482

Tax Period

2024-07-01 to 2025-06-30

OPERATING ENGINEERS LOCAL #1, founded in 1975, is a small nonprofit in the Employment sector that reported $685K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

ORGANIZE, MANAGE AND REPRESENT MEMBERS OF LOCAL UNION NUMBER ONE.

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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 $674,652

Program Service Revenue $134

Investment Income $0

Other Revenue $10,281

TOTAL REVENUE $685,067

Expense Breakdown

Grants Paid $0

Salaries & Benefits $482,052

Fundraising Expenses $0

Other Expenses $259,738

TOTAL EXPENSES $741,790

Year-over-Year Comparison

	2024	2023	Change
Revenue	$685,067	$622,190	+0.1%
Expenses	$741,790	$639,252	+0.2%
Net Income	$-56,723	$-17,062	+2.3%

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

$273,426

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHAD ABITZ	PRESIDENT	2.00	Officer	$0	$0	$0
JOHN SUTTON	BUSINESS AGENT/ VP	40.00	Officer	$140,327	$0	$140,327
THEODORE HERRERA	BUSINESS MANAGER	40.00	Officer	$133,099	$0	$133,099
KOREY ANDREWS	REC.-CORRES. SECRETARY	2.00	Officer	$0	$0	$0
TERRY POTTER	FINANCIAL SERCETARY	2.00	Officer	$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	$685,067	$741,790	$220,907	$-56,723
2024	No data	No data	No data	No data
2024	$660,991	$634,336	$285,343	$26,655
2023	$612,749	$647,519	$260,998	$-34,770
2022	$630,600	$602,174	$275,016	$28,426
2021	$626,544	$605,711	$246,307	$20,833
2020	$795,060	$650,924	$213,470	$144,136
2019	$618,221	$626,419	$75,429	$-8,198

OPERATING ENGINEERS LOCAL #1