OPERATING ENGINEERS LOCAL NO 3 SCHOLARSHIP FOUNDATION (EIN 943365632) - 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

2000

Legal Domicile

Principal Officer

DAVE HARRISON

Phone

5107487400

Tax Period

2023-01-01 to 2023-12-31

OPERATING ENGINEERS LOCAL NO 3 SCHOLARSHIP FOUNDATION, founded in 2000, is a small nonprofit in the Education sector that reported $607K in total revenue in fiscal year 2023. Revenue surged 51% from the prior year, signaling strong growth momentum. The organization ran a surplus of $282K, a strong 46% operating margin.

Mission

TO PROVIDE SCHOLARSHIPS TO SONS AND DAUGHTERS OF MEMBERS OF OPERATING ENGINEERS LOCAL UNION NO. 3.

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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 $439,721

Program Service Revenue $0

Investment Income $166,699

Other Revenue $212

TOTAL REVENUE $606,632

Expense Breakdown

Grants Paid $295,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $295,500

Other Expenses $29,319

TOTAL EXPENSES $324,819

Year-over-Year Comparison

	2023	2022	Change
Revenue	$606,632	$402,423	+0.5%
Expenses	$324,819	$135,038	+1.4%
Net Income	$281,813	$267,385	+0.1%

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

N/A

Volunteers

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
STEVE INGERSOLL	PRESIDENT	1.00	Officer Director	$0	$0	$0
DAVE HARRISON	TREASURER	1.00	Officer Director	$0	$0	$0
KENNETH ABSALOM	DIRECTOR	1.00	Director	$0	$0	$0
MIKE DONOHUE	VICE PRESIDENT-FORMER	1.00	Officer Director	$0	$0	$0
ROGER CHAVARIN	DIRECTOR	1.00	Director	$0	$0	$0
BRUCE NOEL	SECRETARY	1.00	Officer Director	$0	$0	$0
GREG TRENTO	DIRECTOR	1.00	Director	$0	$0	$0
JEFF HAMPTON	VICE PRESIDENT	1.00	Officer 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	No data	No data	No data	No data
2023	$606,632	$324,819	$3,988,603	$281,813
2022	$402,423	$135,038	$3,570,079	$267,385
2021	$521,855	$145,819	$3,796,550	$376,036
2020	$412,390	$111,637	$3,423,727	$300,753
2019	$640,372	$159,855	$3,122,974	$480,517
2018	$411,319	$121,721	$2,524,268	$289,598

OPERATING ENGINEERS LOCAL NO 3 SCHOLARSHIP FOUNDATION