International Union of Operating Engineers Local 428

EIN: 860043415

Phoenix, AZ

Total Revenue
$2,613,635
Total Expenses
$1,550,682
Total Assets
$5,325,467
Net Assets
$5,266,458
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1936
Legal Domicile
AZ
Principal Officer
Board of Trustees
Phone
6022545266
Tax Period
2023-06-01 to 2024-05-31

International Union of Operating Engineers Local 428, founded in 1936, is a community nonprofit that reported $2.6M in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 41% operating margin.

Mission

The organization is a labor union, organized under an International Charter, to provide and promote benefits for its members and represent them in labor negotiations and contract issues.

Program Service Accomplishments

Program 1

The organization is a labor union, organized under an international charter, to provide and promote benefits for its members and represent them in labor negotiations and contract issues.

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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 $0
Program Service Revenue $2,448,265
Investment Income $160,807
Other Revenue $4,563
TOTAL REVENUE $2,613,635

Expense Breakdown

Grants Paid $0
Salaries & Benefits $724,449
Fundraising Expenses $0
Other Expenses $784,355
TOTAL EXPENSES $1,550,682

Year-over-Year Comparison

2023 2022 Change
Revenue $2,613,635 $2,109,173 +0.2%
Expenses $1,550,682 $1,349,568 +0.1%
Net Income $1,062,953 $759,605 +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

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Governance

Voting Members
11
Independent Members
8
Employees
7
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
5
$258,370
Total Directors
11
$375,387
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Michael Lee Business Mgr 40.00
Officer Director
$98,790 $42,538 $141,328
Timathy E Davies Treasurer 40.00
Officer Director
$78,121 $38,921 $117,042
Ruben Gonzales Executive Board 40.00
Director
$78,100 $38,917 $117,017
Nick Dartt President 1.00
Officer Director
$0 $0 $0
William Muth Vice President 1.00
Officer Director
$0 $0 $0
Jeff Jay Stevens Financial Secre 1.00
Officer Director
$0 $0 $0
John Jordan Executive Board 1.00
Director
$0 $0 $0
Dakota Pribble Executive Board 1.00
Director
$0 $0 $0
Joshua Paine Executive Board 1.00
Director
$0 $0 $0
Robert Williams Executive Board 1.00
Director
$0 $0 $0
Israel Reyes Executive Board 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 $2,613,635 $1,550,682 $5,325,467 $1,062,953
2024 $307,966 $216,417 No data $91,549
2023 $2,109,173 $1,349,568 $4,265,201 $759,605
2022 $1,857,312 $1,437,780 $3,444,213 $419,532
2021 $2,114,910 $1,521,142 $3,025,876 $593,768
2020 $1,901,996 $1,342,919 $2,431,800 $559,077
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