STATIONARY ENGINEERS LOCAL 39 HEALTH AND WELFARE PLAN (EIN 946171641) - 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

1965

Legal Domicile

Principal Officer

TIMOTHY EGGEN

Phone

9252082280

Tax Period

2024-01-01 to 2024-12-31

STATIONARY ENGINEERS LOCAL 39 HEALTH AND WELFARE PLAN, founded in 1965, is a major nonprofit that reported $127.4M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $112.4M left a modest 12% surplus.

Mission

TO PROVIDE HEALTH & WELFARE BENEFITS TO PARTICIPANTS IN THIS MULTIEMPLOYER PLAN.

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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 $119,094,715

Investment Income $8,293,630

Other Revenue $0

TOTAL REVENUE $127,388,345

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $2,503,503

TOTAL EXPENSES $112,441,558

Year-over-Year Comparison

	2024	2023	Change
Revenue	$127,388,345	$116,895,427	+0.1%
Expenses	$112,441,558	$104,527,756	+0.1%
Net Income	$14,946,787	$12,367,671	+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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIMOTHY EGGEN	CHAIRMAN	1.0	Officer Director	$0	$0	$0
DANNY MURTAGH	CO-CHAIR	1.0	Officer Director	$0	$0	$0
JERRY KALMAR	TRUSTEE- term. 11/2024	1.0	Director	$0	$0	$0
JIM JOHNSON	TRUSTEE	1.0	Director	$0	$0	$0
David Philpott	TRUSTEE	1.0	Director	$0	$0	$0
BART FLORENCE	TRUSTEE	1.0	Director	$0	$0	$0
Jaime Vega	Trustee - EFF. 11/2024	1.0	Director	$0	$0	$0
See SCHEDULE O FOR COMPENSATION	PAID BY RELATED ORGANIZATION	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
2024	$127,388,345	$112,441,558	$218,753,036	$14,946,787
2023	$116,895,427	$104,527,756	$196,236,998	$12,367,671
2022	$96,909,956	$91,126,181	$173,716,956	$5,783,775
2021	$105,937,986	$94,572,474	$174,720,411	$11,365,512
2020	$104,143,002	$83,276,846	$158,390,053	$20,866,156
2019	$102,749,880	$83,900,147	$130,987,345	$18,849,733
2018	$100,307,662	$80,378,125	$102,793,406	$19,929,537

STATIONARY ENGINEERS LOCAL 39 HEALTH AND WELFARE PLAN