OPERATING ENGINEERS LOCAL 324 INDUSTRY LABOR MANAGEMENT COMMITTEE (EIN 845098894) - 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

2020

Legal Domicile

Principal Officer

SCOTT HART

Phone

2484510324

Tax Period

2024-05-01 to 2025-04-30

OPERATING ENGINEERS LOCAL 324 INDUSTRY LABOR MANAGEMENT COMMITTEE, founded in 2020, is a small nonprofit in the Employment sector that reported $489K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $219K, a strong 45% operating margin.

Mission

THE OPERATING ENGINEERS LOCAL 324 INDUSTRY LABOR MANAGEMENT COMMITTEE WORKS TO PROVIDE OPERATING ENGINEERS AND EMPLOYERS WITH OPPORTUNITIES TO STUDY AND EXPLORE NEW AND INNOVATIVE JOINT APPROACHES TO ACHIEVING ORGANIZATIONAL EFFECTIVENESS. ADDITIONALLY, THE COMMITTEE AIMS TO STUDY AND EXPLORE WAYS OF ELIMINATING POTENTIAL PROBLEMS WHICH REDUCE THE COMPETITIVENESS AND INHIBIT THE ECONOMIC DEVELOPMENT OF THE AREA OR INDUSTRY.

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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 $432,213

Investment Income $57,279

Other Revenue $0

TOTAL REVENUE $489,492

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $270,436

TOTAL EXPENSES $270,436

Year-over-Year Comparison

	2024	2023	Change
Revenue	$489,492	$434,382	+0.1%
Expenses	$270,436	$36,951	+6.3%
Net Income	$219,056	$397,431	-0.4%

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

N/A

Volunteers

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

$490,310

Total Directors

$1,097,596

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENNETH DOMBROW	LABOR TRUSTEE	1.00	Director	$0	$80,600	$240,562
DOUGLAS STOCKWELL	LABOR TRUSTEE, CHAIRMAN	1.00	Officer Director	$0	$139,566	$292,657
RYAN DOOM	LABOR TRUSTEE	1.00	Director	$0	$74,843	$207,216
ERIC GARCIA	LABOR TRUSTEE	1.00	Director	$0	$72,562	$196,470
SCOTT HART	CFO - INTL UNION OE 324	1.00	Officer	$0	$73,745	$197,653
HEATH SALISBURY	LABOR TRUSTEE	1.00	Director	$0	$59,364	$160,691
KEN NOWICKI	MGMT TRUSTEE - PART YEAR	1.00	Director	$0	$0	$0
ROBERT ADCOCK	MGMT TRUSTEE, SECRETARY - PART YEAR	1.00	Officer Director	$0	$0	$0
MARK JOHNSTON	MGMT TRUSTEE	1.00	Director	$0	$0	$0
MIKE MALLOURE	MGMT TRUSTEE	1.00	Director	$0	$0	$0
RYAN O'DONNELL	MGMT TRUSTEE	1.00	Director	$0	$0	$0
DEVEN RAU	MGMT TRUSTEE, SECRETARY	1.00	Officer 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	$489,492	$270,436	$2,044,833	$219,056
2024	$434,382	$36,951	$1,631,665	$397,431
2023	$361,943	$44,023	$1,234,234	$317,920
2022	$359,826	$7,650	$916,314	$352,176
2021	$336,334	$8,769	$564,138	$327,565

OPERATING ENGINEERS LOCAL 324 INDUSTRY LABOR MANAGEMENT COMMITTEE