OPERATING ENGINEERS BUSINESS DEVELOPMENT TRUST FUND (EIN 946676286) - 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

1994

Legal Domicile

Principal Officer

DAN REDING

Phone

5106718800

Tax Period

2023-01-01 to 2023-12-31

OPERATING ENGINEERS BUSINESS DEVELOPMENT TRUST FUND, founded in 1994, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

THE TRUST WAS CREATED TO ACT AS AN INDUSTRY-WIDE LABOR-MANAGEMENT COOPERATION COMMITTEE TO ENCOURAGE, SUPPORT AND OPERATE JOINT LABOR-MANAGEMENT ACTIVITIES DESIGNED TO IMPROVE LABOR-MANAGEMENT RELATIONSHIPS, JOB SECURITY, COMPETITIVENESS, PRODUCTIVITY, ORGANIZATIONAL EFFECTIVENESS AND ECONOMIC DEVELOPMENT.

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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 $1,618,287

Investment Income $7,774

Other Revenue $1,921

TOTAL REVENUE $1,627,982

Expense Breakdown

Grants Paid $1,586,636

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $33,572

TOTAL EXPENSES $1,620,208

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,627,982	$1,486,074	+0.1%
Expenses	$1,620,208	$1,486,915	+0.1%
Net Income	$7,774	$-841	-10.2%

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

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
RICH GATES	TRUSTEE	1.0	Director	$0	$0	$0
DAN REDING	TRUSTEE	1.0	Director	$0	$0	$0
STEVE INGERSOLL	TRUSTEE	1.0	Director	$0	$0	$0
Steve Clark	TRUSTEE	1.0	Director	$0	$0	$0
DAVE HARRISON	TRUSTEE	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	No data	No data	No data	No data
2023	$1,627,982	$1,620,208	$763,932	$7,774
2022	$1,486,074	$1,486,915	$651,735	$-841
2021	$1,438,350	$1,437,648	$655,213	$702
2020	$1,276,276	$1,275,059	$874,770	$1,217
2019	$1,188,749	$1,199,624	$667,908	$-10,875
2018	$1,221,254	$1,194,109	$735,098	$27,145

OPERATING ENGINEERS BUSINESS DEVELOPMENT TRUST FUND