OPERATING ENGINEERS HEALTH AND WELFARE TRUST FUND (EIN 942784001) - 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

1981

Legal Domicile

Principal Officer

DAN REDING

Phone

5106718800

Tax Period

2024-01-01 to 2024-12-31

OPERATING ENGINEERS HEALTH AND WELFARE TRUST FUND, founded in 1981, is a major nonprofit that reported $330.6M in total revenue in fiscal year 2024. Expenses of $391.7M exceeded revenue, resulting in a 18% operating deficit.

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE EMPLOYEES AND THEIR DEPENDENTS PER THE COLLECTIVE BARGAINING AGREEMENT BETWEEN EMPLOYERS AND THE UNION.

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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 $310,791,847

Investment Income $19,501,846

Other Revenue $334,985

TOTAL REVENUE $330,628,678

Expense Breakdown

Grants Paid $0

Salaries & Benefits $42,014

Fundraising Expenses $0

Other Expenses $13,586,274

TOTAL EXPENSES $391,668,361

Year-over-Year Comparison

	2024	2023	Change
Revenue	$330,628,678	$339,034,216	0.0%
Expenses	$391,668,361	$290,151,815	+0.3%
Net Income	$-61,039,683	$48,882,401	-2.2%

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

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
KEVIN J ALBANESE	TRUSTEE	5.0	Director	$0	$0	$0
FG CROSTHWAITE	TRUSTEE(FORMER)	5.0	Director	$0	$0	$0
THOMAS HOLSMAN	TRUSTEE	5.0	Director	$0	$0	$0
TOM SQUERI	TRUSTEE	5.0	Director	$0	$0	$0
JAMES E MURRAY	CO-CHAIRMAN	5.0	Director	$0	$0	$0
MARK SWANEY	TRUSTEE	5.0	Director	$0	$0	$0
MICHAEL VLAMING	TRUSTEE	5.0	Director	$0	$0	$0
JUSTIN DISTON	TRUSTEE	5.0	Director	$0	$0	$0
BRUCE NOEL	TRUSTEE	5.0	Director	$0	$0	$0
DAN REDING	CO-CHAIRMAN	5.0	Director	$0	$0	$0
JIM JACOBS	TRUSTEE	5.0	Director	$0	$0	$0
NATE TUCKER	TRUSTEE	5.0	Director	$0	$0	$0
MICHAEL BATTAINI	TRUSTEE	5.0	Director	$0	$0	$0
CHARLIE WARREN	TRUSTEE	5.0	Director	$0	$0	$0
DAVID STANTON	TRUSTEE	5.0	Director	$0	$0	$0
DAVID HARRISON	TRUSTEE	5.0	Director	$0	$0	$0
PATTY DUTRA BRUCE	trustee	5.0	Director	$0	$0	$0
FRANK WILLIAMS	TRUSTEE(FORMER)	5.0	Director	$0	$0	$0
GARRET UPDIKE	TRUSTEE(FORMER)	5.0	Director	$0	$0	$0
BRANDON DEW	TRUSTEE	5.0	Director	$0	$0	$0
CHARLES LAVERY	TRUSTEE	5.0	Director	$0	$0	$0
JOHN RECTOR	TRUSTEE	5.0	Director	$0	$0	$0
JENNA CARLSON	TRUSTEE	5.0	Director	$0	$0	$0
JEFF COCHRAN	TRUSTEE	5.0	Director	$0	$0	$0
KURTIS FRAILEY	TRUSTEE	5.0	Director	$0	$0	$0
DEAN FADEFF	TRUSTEE	5.0	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
2024	$330,628,678	$391,668,361	$822,213,394	$-61,039,683
2023	$339,034,216	$290,151,815	$805,216,624	$48,882,401
2022	$323,160,664	$326,946,175	$757,531,768	$-3,785,511
2021	$320,564,452	$284,819,905	$780,995,368	$35,744,547
2020	$329,216,274	$298,456,963	$724,631,780	$30,759,311
2019	$352,885,174	$291,614,854	$643,293,483	$61,270,320
2018	$337,755,694	$274,963,472	$566,978,987	$62,792,222

OPERATING ENGINEERS HEALTH AND WELFARE TRUST FUND