OPERATING ENGINEERS HEALTH AND WELFARE FUND (EIN 956034886) - 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

1954

Legal Domicile

Principal Officer

MICHAEL B DE CHELLIS

Phone

6263561000

Tax Period

2024-07-01 to 2025-06-30

OPERATING ENGINEERS HEALTH AND WELFARE FUND, founded in 1954, is a major nonprofit that reported $319.9M in total revenue in fiscal year 2024. Expenses of $355.5M exceeded revenue, resulting in a 11% operating deficit.

Mission

the operating engineers health and welfare fund (the "fund") is a multiemployer health benefit plan providing hospital-medical, dental, vision, prescription drug, life, accidental death and dismemberment, and disability benefits to eligible employees and their dependents. the fund provides certain medical benefit coverage for certain eligible retirees and their dependents.

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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 $313,405,994

Investment Income $5,220,722

Other Revenue $1,229,354

TOTAL REVENUE $319,856,070

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $16,263,996

TOTAL EXPENSES $355,467,128

Year-over-Year Comparison

	2024	2023	Change
Revenue	$319,856,070	$313,233,018	+0.0%
Expenses	$355,467,128	$337,865,941	+0.1%
Net Income	$-35,611,058	$-24,632,923	+0.4%

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

$324,836

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EMPLOYEE ID 00468	fund manager	20.0	Key Emp	$0	$54,911	$324,836
EMPLOYEE ID 05145	CHIEF FINANCIAL OFFICER	11.0	Highest	$0	$54,911	$277,844
EMPLOYEE ID 03493	DIRECTOR OF TRAINING	0.0	Highest	$0	$54,911	$273,685
EMPLOYEE ID 05084	CHIEF INFORMATION OFFICER	27.0	Highest	$0	$54,911	$264,322
EMPLOYEE ID 00589	DIRECTOR OF IT APPLICATIONS	25.0	Highest	$0	$54,911	$243,441
EMPLOYEE ID 05154	DIRECTOR OF SECURITY & INFRA.	27.0	Highest	$0	$54,911	$232,575
DAVE GARBARINO	TRUSTEE	1.0	Director	$0	$0	$0
shawn kinsey	TRUSTEE	1.0	Director	$0	$0	$0
david sikorski	trustee	1.0	Director	$0	$0	$0
PERRY HAWKINS	TRUSTEE	1.0	Director	$0	$0	$0
JIM RYAN	TRUSTEE	1.0	Director	$0	$0	$0
MICHAEL CRAWFORD	TRUSTEE	1.0	Director	$0	$0	$0
STANLEY HOWARD	TRUSTEE	1.0	Director	$0	$0	$0
PATRICK VELASQUEZ	TRUSTEE	1.0	Director	$0	$0	$0
JAIMIE ANGUS	TRUSTEE	1.0	Director	$0	$0	$0
KEN HUNT	TRUSTEE	1.0	Director	$0	$0	$0
GEORGE BUTOROVICH	TRUSTEE	1.0	Director	$0	$0	$0
DAVE GRECO	TRUSTEE	1.0	Director	$0	$0	$0
JOHN COOPER	TRUSTEE	1.0	Director	$0	$0	$0
ROBERT NINTEMAN	TRUSTEE	1.0	Director	$0	$0	$0
JOE RANGEL JR	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
2025	$319,856,070	$355,467,128	$130,584,212	$-35,611,058
2024	$313,233,018	$337,865,941	$147,480,917	$-24,632,923
2023	$299,981,733	$309,909,840	$152,565,524	$-9,928,107
2022	$276,719,085	$308,334,285	$155,541,589	$-31,615,200
2021	$271,504,850	$264,682,976	$177,217,807	$6,821,874
2020	$264,361,794	$252,205,689	$158,654,952	$12,156,105
2019	$255,374,574	$260,238,135	$143,977,886	$-4,863,561
2018	$252,714,947	$241,850,613	$137,124,048	$10,864,334

OPERATING ENGINEERS HEALTH AND WELFARE FUND