OPERATING ENGINEERS PUBLIC AND MISC EMPLOYEES HEALTH AND WELFARE TRUST FUND (EIN 942567865) - 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

1976

Legal Domicile

Principal Officer

DAN REDING

Phone

5106718800

Tax Period

2023-01-01 to 2023-12-31

OPERATING ENGINEERS PUBLIC AND MISC EMPLOYEES HEALTH AND WELFARE TRUST FUND, founded in 1976, is a mid-sized nonprofit in the Mutual Benefit sector that reported $18.9M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $17.0M left a modest 10% surplus.

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS TO MEMBERS COVERED BY THE COLLECTIVE BARGAINING AGREEMENT BETWEEN THE UNION AND EMPLOYERS.

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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 $17,834,344

Investment Income $1,040,618

Other Revenue $0

TOTAL REVENUE $18,874,962

Expense Breakdown

Grants Paid $0

Salaries & Benefits $15,789

Fundraising Expenses $0

Other Expenses $1,523,318

TOTAL EXPENSES $16,982,905

Year-over-Year Comparison

	2023	2022	Change
Revenue	$18,874,962	$15,830,437	+0.2%
Expenses	$16,982,905	$14,216,308	+0.2%
Net Income	$1,892,057	$1,614,129	+0.2%

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

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

$508,007

Total Directors

$1,104,324

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STACEY CUE	TRUSTEE	1.00	Director	$0	$0	$0
DAN REDING	CHARIMAN	1.00	Officer Director	$0	$75,642	$508,007
AUSTRIS RUNGIS	CO-CHARIMAN	1.00	Officer Director	$0	$0	$0
DAVE HARRISON	TRUSTEE	1.00	Director	$0	$75,642	$336,150
TIM NEEP	DIRECTOR	1.00	Director	$0	$75,642	$260,167
GREGORY RAMIREZ	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL MCCALL	DIRECTOR OF BENEFITS	40.00	Highest	$153,342	$91,587	$244,929

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	No data	No data	No data	No data
2023	$18,874,962	$16,982,905	$23,450,253	$1,892,057
2022	$15,830,437	$14,216,308	$19,329,047	$1,614,129
2021	$20,649,774	$22,735,910	$21,934,327	$-2,086,136
2020	$19,913,542	$20,196,930	$22,389,043	$-283,388
2019	$20,159,276	$20,174,346	$21,893,233	$-15,070
2018	$20,827,299	$19,322,586	$21,547,785	$1,504,713

OPERATING ENGINEERS PUBLIC AND MISC EMPLOYEES HEALTH AND WELFARE TRUST FUND