LOCALS 302 & 612 INTL UNION OF OPERATING ENGINEERS CONST IND HEALTH AND SECURITY PLAN (EIN 916028570) - 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

1953

Legal Domicile

Principal Officer

DAREN KONOPASKI

Phone

2064417574

Tax Period

2024-04-01 to 2025-03-31

LOCALS 302 & 612 INTL UNION OF OPERATING ENGINEERS CONST IND HEALTH AND SECURITY PLAN, founded in 1953, is a major nonprofit that reported $194.3M in total revenue in fiscal year 2024.

Mission

PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS, THEIR DEPENDENTS AND RETIREES.

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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 $175,514,083

Investment Income $18,758,891

Other Revenue $0

TOTAL REVENUE $194,272,974

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $3,489,224

TOTAL EXPENSES $209,458,600

Year-over-Year Comparison

	2024	2023	Change
Revenue	$194,272,974	$186,556,053	+0.0%
Expenses	$209,458,600	$196,769,978	+0.1%
Net Income	$-15,185,626	$-10,213,925	+0.5%

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

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
CURT KOEGEN	TRUSTEE	1.0	Director	$0	$0	$0
MIKE TUCCI	TRUSTEE	1.0	Director	$0	$0	$0
ANDREW LEDBETTER	TRUSTEE/SECRETARY	1.0	Director	$0	$0	$0
DAREN KONOPASKI	TRUSTEE/CHAIRMAN	1.0	Director	$0	$0	$0
KEVIN TEDRICK	TRUSTEE	1.0	Director	$0	$0	$0
SEAN JEFFRIES	TRUSTEE	1.0	Director	$0	$0	$0
MIKE LEE	TRUSTEE	1.0	Director	$0	$0	$0
JASON ALWARD	TRUSTEE	1.0	Director	$0	$0	$0
DANA PRUHS	TRUSTEE	1.0	Director	$0	$0	$0
COREY CHRISTENSEN	TRUSTEE	1.0	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	$194,272,974	$209,458,600	$325,031,102	$-15,185,626
2024	$186,556,053	$196,769,978	$327,315,925	$-10,213,925
2023	$162,558,609	$179,468,938	$315,893,104	$-16,910,329
2022	$142,097,763	$154,478,713	$306,252,486	$-12,380,950
2021	$157,478,842	$159,953,750	$311,243,930	$-2,474,908
2020	$164,477,646	$146,554,916	$282,589,426	$17,922,730
2019	$151,221,094	$140,020,489	$273,666,160	$11,200,605
2018	$147,588,203	$142,572,870	$256,669,426	$5,015,333

LOCALS 302 & 612 INTL UNION OF OPERATING ENGINEERS CONST IND HEALTH AND SECURITY PLAN