OPERATING ENGINEERS LOCAL UNION NO 3 BUILDING HOLDING ASSOCIATION

EIN: 943225362 Community Improvement

CONCORD, CA

Total Revenue
$1,390,947
Total Expenses
$1,288,583
Total Assets
$25,052,160
Net Assets
$23,389,302
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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
1995
Legal Domicile
CA
Principal Officer
DAN REDING
Phone
5107487400
Tax Period
2023-01-01 to 2023-12-31

OPERATING ENGINEERS LOCAL UNION NO 3 BUILDING HOLDING ASSOCIATION, founded in 1995, is a community nonprofit in the Community Improvement sector that reported $1.4M in total revenue in fiscal year 2023. Revenue fell 83% from the prior year — a significant decline worth monitoring. Expenses of $1.3M left a modest 7% surplus.

Mission

TO HOLD TITLE, TO OPERATE, MAINTAIN AND LEASE OUT LABOR UNION REAL ESTATE PROPERTIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,100,000
Program Service Revenue $0
Investment Income $1,220
Other Revenue $289,727
TOTAL REVENUE $1,390,947

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $1,288,583
TOTAL EXPENSES $1,288,583

Year-over-Year Comparison

2023 2022 Change
Revenue $1,390,947 $8,264,881 -0.8%
Expenses $1,288,583 $949,547 +0.4%
Net Income $102,364 $7,315,334 -1.0%
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
20
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
6
$2,067,030
Total Directors
21
$2,215,905
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAN REDING CHAIRMAN 2.0
Officer Director
$0 $75,642 $390,563
JUSTIN DISTON VICE PRESIDENT 2.0
Officer Director
$0 $75,642 $338,622
DAVE HARRISON FINANCIAL SECRETARY 2.0
Officer Director
$0 $75,642 $336,150
BRUCE NOEL REC CORR SECRETARY 2.0
Officer Director
$0 $75,642 $334,372
STEVE INGERSOLL PRESIDENT 2.0
Officer Director
$0 $72,558 $334,221
NATE TUCKER TREASURER 2.0
Officer Director
$0 $75,642 $333,102
JAMIE HARVEST-SILVA DIRECTOR 2.0
Director
$0 $2,300 $15,786
DANNY HENRY DIRECTOR 2.0
Director
$0 $2,510 $11,910
STEPHEN NICHOLS DIRECTOR 2.0
Director
$0 $2,510 $11,910
FRANK FULLER DIRECTOR 2.0
Director
$0 $2,510 $11,910
MARIO GIOVANNETTI DIRECTOR 2.0
Director
$0 $2,510 $11,210
FRANK ROJAS DIRECTOR 2.0
Director
$0 $2,301 $11,001
RONALD KULTTI DIRECTOR 2.0
Director
$0 $2,300 $11,000
JUSTIN PENTZ DIRECTOR 2.0
Director
$0 $2,300 $10,000
GEORGE NETTO DIRECTOR 2.0
Director
$0 $2,301 $9,301
DAVID DANELUZ DIRECTOR (former) 2.0
Director
$0 $1,882 $9,182
JERRY SEIFF DIRECTOR 2.0
Director
$0 $2,091 $9,091
BRYAN DORTON DIRECTOR 2.0
Director
$0 $2,091 $9,091
JAMES SPAIN DIRECTOR 2.0
Director
$0 $2,091 $8,391
PATRICK BILLINGTON DIRECTOR 2.0
Director
$0 $1,255 $6,155
KOREY WYGAL DIRECTOR (FORMER) 2.0
Director
$0 $837 $2,937
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 $1,390,947 $1,288,583 $25,052,160 $102,364
2022 $8,264,881 $949,547 $25,352,810 $7,315,334
2021 $384,341 $1,104,157 $18,423,455 $-719,816
2020 $288,172 $1,421,053 $19,512,584 $-1,132,881
2019 $1,875,354 $2,952,166 $20,998,832 $-1,076,812
2018 $1,747,124 $1,908,489 $20,173,132 $-161,365
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