NORTHERN NEVADA OPERATING ENGINEERS HEALTH AND WELFARE TRUST FUND (EIN 886031750) - 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

1970

Legal Domicile

Principal Officer

CRAIG MADOLE

Phone

7758267200

Tax Period

2023-09-01 to 2024-08-31

NORTHERN NEVADA OPERATING ENGINEERS HEALTH AND WELFARE TRUST FUND, founded in 1970, is a mid-sized nonprofit that reported $20.3M in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $23.9M exceeded revenue, resulting in a 17% operating deficit.

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS FOR THE PLAN'S ELIGIBLE PARTICIPANTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $17,344,942

Investment Income $377,739

Other Revenue $2,608,456

TOTAL REVENUE $20,331,137

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,328,722

TOTAL EXPENSES $23,868,705

Year-over-Year Comparison

	2023	2022	Change
Revenue	$20,331,137	$16,075,032	+0.3%
Expenses	$23,868,705	$18,661,824	+0.3%
Net Income	$-3,537,568	$-2,586,792	+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

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
BRUCE NOEL	CHAIRMAN	1.00	Director	$0	$0	$0
CRAIG MADOLE	CO-CHAIRMAN	1.00	Director	$0	$0	$0
FRED REEDER	TRUSTEE	1.00	Director	$0	$0	$0
KEVIN LINDERMAN	TRUSTEE	1.00	Director	$0	$0	$0
CHRIS BURKE	TRUSTEE	1.00	Director	$0	$0	$0
NATE TUCKER	TRUSTEE	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	$20,331,137	$23,868,705	$5,919,975	$-3,537,568
2023	$16,075,032	$18,661,824	$9,457,053	$-2,586,792
2022	$14,950,904	$17,964,642	$11,474,150	$-3,013,738
2021	$14,541,224	$14,399,941	$15,789,274	$141,283
2020	$12,970,653	$13,168,063	$15,249,176	$-197,410
2019	$13,837,003	$14,225,740	$14,888,941	$-388,737
2018	$14,284,932	$14,322,211	$15,215,891	$-37,279

NORTHERN NEVADA OPERATING ENGINEERS HEALTH AND WELFARE TRUST FUND