Operating Engineers Local 501 Security Fund (EIN 956049026) - 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

1952

Legal Domicile

Principal Officer

EDWARD CURLY

Phone

6266461079

Tax Period

2023-10-01 to 2024-09-30

Operating Engineers Local 501 Security Fund, founded in 1952, is a mid-sized nonprofit that reported $63.7M in total revenue in fiscal year 2023. Expenses of $59.2M left a modest 7% surplus.

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS.

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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 $59,780,993

Investment Income $3,896,198

Other Revenue $71,616

TOTAL REVENUE $63,748,807

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $3,013,355

TOTAL EXPENSES $59,157,490

Year-over-Year Comparison

	2023	2022	Change
Revenue	$63,748,807	$60,448,238	+0.1%
Expenses	$59,157,490	$55,555,813	+0.1%
Net Income	$4,591,317	$4,892,425	-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

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
EDWARD CURLY	CHAIRMAN	1.0	Officer Director	$0	$0	$0
DENISE M VUKOJEVICH	VICE CHAIRMAN	1.0	Officer Director	$0	$0	$0
THOMAS CROSSER	SECRETARY	1.0	Officer Director	$0	$0	$0
THOMAS F O'MAHAR	TRUSTEE	1.0	Director	$0	$0	$0
MIKE NAREZ	TRUSTEE	1.0	Director	$0	$0	$0
DIEGO BACK	TRUSTEE	1.0	Director	$0	$0	$0
REGINALD DENSON	TRUSTEE	1.0	Director	$0	$0	$0
BRIAN PAGAC	TRUSTEE - TERM. 6/12/2024	1.0	Director	$0	$0	$0
JOSE SOTO	ALTERNATE TRUSTEE	1.0	Director	$0	$0	$0
CURTIS VAN BUSKIRK	TRUSTEE	1.0	Director	$0	$0	$0
PAUL POWELL	TRUSTEE - EFF. 11/08/2023	1.0	Director	$0	$0	$0
SEE SCHEDULE O FOR COMPENSATI	PAID BY RELATED ORGANIZATION	0.0	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	$63,748,807	$59,157,490	$130,281,600	$4,591,317
2023	$60,448,238	$55,555,813	$114,241,771	$4,892,425
2022	$56,913,937	$48,746,090	$102,185,036	$8,167,847
2021	$56,458,139	$42,983,128	$104,572,934	$13,475,011
2020	$47,986,742	$39,029,254	$91,769,992	$8,957,488
2019	$49,108,296	$37,835,619	$80,069,086	$11,272,677
2018	$46,175,139	$36,651,271	$71,260,739	$9,523,868

Operating Engineers Local 501 Security Fund