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

EIN: 916028570

Seattle, WA

Total Revenue
$194,272,974
Total Expenses
$209,458,600
Total Assets
$325,031,102
Net Assets
$164,102,771
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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
WA
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.

Program Service Accomplishments

Program 1

PROVIDED 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%)

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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

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Governance

Voting Members
10
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
0
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
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
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