WESTERN STATES OPERATING ENGINEERS TRAINING TRUST (EIN 910788903) - 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

1965

Legal Domicile

Principal Officer

CURT KOEGEN

Phone

5092359393

Tax Period

2019-01-01 to 2019-12-01

WESTERN STATES OPERATING ENGINEERS TRAINING TRUST, founded in 1965, is a small nonprofit that reported $967K in total revenue in fiscal year 2019. Expenses of $2.9M exceeded revenue, resulting in a 196% operating deficit.

Mission

TO ESTABLISH AND MAINTAIN A PROGRAM FOR THE EDUCATION AND TRAINING OF JOURNEY WORKER AND APPRENTICE OPERATING ENGINEERS.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $938,108

Investment Income $588

Other Revenue $27,913

TOTAL REVENUE $966,609

Expense Breakdown

Grants Paid $0

Salaries & Benefits $546,263

Fundraising Expenses $0

Program Expenses $819,393

Other Expenses $2,315,109

TOTAL EXPENSES $2,861,372

Year-over-Year Comparison

	2019	2018	Change
Revenue	$966,609	$964,295	+0.0%
Expenses	$2,861,372	$831,603	+2.4%
Net Income	$-1,894,763	$132,692	-15.3%

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

Employees

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEN GIBSON CHAIRMAN	TRUSTEE	2.00	Officer Director	$0	$0	$0
CURT KOEGEN SECRETARY	TRUSTEE	2.00	Officer Director	$0	$0	$0
JAMES GARRETT	TRUSTEE	2.00	Director	$0	$0	$0
JAMIE TIBBITS	TRUSTEE	2.00	Director	$0	$0	$0
BRUCE STEMP	MANAGEMENT TRUSTEE	2.00	Director	$0	$0	$0
MIKE BOSSE	LABOR TRUSTEE	2.00	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
2019	$966,609	$2,861,372	No data	$-1,894,763
2018	$964,295	$831,603	$1,905,294	$132,692

WESTERN STATES OPERATING ENGINEERS TRAINING TRUST