INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 12 (EIN 951310931) - 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

1938

Legal Domicile

Principal Officer

DAVID SIKORSKI

Phone

6267928900

Tax Period

2023-01-01 to 2023-12-31

INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 12, founded in 1938, is a mid-sized nonprofit that reported $45.6M in total revenue in fiscal year 2023. The organization ran a surplus of $7.1M, a strong 16% operating margin.

Mission

TO PROMOTE THE WELFARE OF MEMBERS AND REPRESENT THEM IN ALL matters RELATING TO LABOR-MANAGEMENT RELATIONS.

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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 $41,783,754

Investment Income $3,426,645

Other Revenue $427,479

TOTAL REVENUE $45,637,878

Expense Breakdown

Grants Paid $0

Salaries & Benefits $22,119,769

Fundraising Expenses $0

Other Expenses $14,960,432

TOTAL EXPENSES $38,524,378

Year-over-Year Comparison

	2023	2022	Change
Revenue	$45,637,878	$43,014,321	+0.1%
Expenses	$38,524,378	$36,405,546	+0.1%
Net Income	$7,113,500	$6,608,775	+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

N/A

Employees

151

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

$1,800,220

Total Directors

$2,651,016

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID K SIKORSKI	BUSINESS MANAGER	40.0	Officer Director	$281,682	$68,170	$349,852
DAVID A GARBARINO	PRESIDENT	40.0	Officer Director	$226,184	$68,170	$294,354
ROBERT J NINTEMAN	TREASURER	40.0	Officer Director	$222,785	$68,170	$290,955
PERRY HAWKINS III	FINANCIAL SECRETARY	40.0	Officer Director	$221,363	$68,170	$289,533
KENNETH R HUNT	VICE-PRESIDENT	40.0	Officer Director	$220,681	$68,170	$288,851
SHAWN O KINSEY	REC-CORRESPOND SEC	40.0	Officer Director	$218,505	$68,170	$286,675
HUGO A TZEC	IN-HOUSE COUNSEL	40.0	Highest	$211,244	$68,170	$279,414
NICHOLAS D DIFRANCO	TRUSTEE/DISTRICT REP.	40.0	Highest	$153,351	$68,170	$221,521
CARL SIERRA	SUPERVISOR - ORGANIZER	40.0	Highest	$150,484	$68,170	$218,654
MARTIN R COLLINS	CONDUCTOR/DIST. REP	40.0	Highest	$150,466	$68,170	$218,636
JOHN W ADAMS	AUDITOR/DISTRICT REP.	40.0	Highest	$150,355	$68,170	$218,525
GABRIEL BEARD	EXECUTIVE BOARD - PAST	40.0	Director	$126,472	$68,170	$194,642
EDWARD E REYES	EXECUTIVE BOARD - PAST	40.0	Director	$126,347	$68,170	$194,517
WILLIAM D CARRICK	EXECUTIVE BOARD - PAST	40.0	Director	$116,365	$60,472	$176,837
KEITH J TOBIN	EXECUTIVE BOARD - PAST	40.0	Director	$88,392	$49,621	$138,013
JUAN L LAMAS	EXECUTIVE BOARD - PAST	40.0	Director	$25,914	$11,152	$37,066
DOUGLAS TOTTEN	EXECUTIVE BOARD	40.0	Director	$32,189	$0	$32,189
MICHAEL J KRAUS	EXECUTIVE BOARD	1.0	Director	$10,888	$0	$10,888
DANIEL J MEZA	EXECUTIVE BOARD	1.0	Director	$10,286	$0	$10,286
ROBERT S ENGERT	EXECUTIVE BOARD	1.0	Director	$8,970	$0	$8,970
KURT A NICHOLS	EXECUTIVE BOARD	1.0	Director	$7,388	$0	$7,388
MICHAEL A MCFARLAND	EXECUTIVE BOARD	1.0	Director	$5,433	$0	$5,433
JOHN M DRISTAS JR	EXECUTIVE BOARD	1.0	Director	$4,603	$0	$4,603
DARIUS L MARKS	EXECUTIVE BOARD	1.0	Director	$4,348	$0	$4,348
DAN E SCARSDALE	EXECUTIVE BOARD	1.0	Director	$4,306	$0	$4,306
BRANDON A GRISWOLD	EXECUTIVE BOARD	1.0	Director	$3,852	$204	$4,056
DARIN L RICH	EXECUTIVE BOARD	1.0	Director	$3,881	$0	$3,881
DAVID A WOOD JR	EXECUTIVE BOARD	1.0	Director	$3,583	$0	$3,583
KEITH WYNN	EXECUTIVE BOARD - PAST	1.0	Director	$3,472	$0	$3,472
CURTIS R DAWLEY	EXECUTIVE BOARD	1.0	Director	$3,193	$0	$3,193
RICK M GRZESIK	EXECUTIVE BOARD	1.0	Director	$3,125	$0	$3,125
PETERSON KNICKERBOCKER	EXECUTIVE BOARD - PAST	1.0	Director	$0	$0	$0
ALAN L PEEPLES	EXECUTIVE BOARD - PAST	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	$45,637,878	$38,524,378	$198,314,497	$7,113,500
2022	$43,014,321	$36,405,546	$177,872,107	$6,608,775
2021	$38,146,985	$34,474,422	$185,931,056	$3,672,563
2020	$38,625,899	$34,079,436	$170,604,800	$4,546,463
2019	$38,623,328	$34,100,115	$158,997,245	$4,523,213
2018	$37,639,362	$34,902,152	$143,290,105	$2,737,210

INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 12