International Union of Operating Engineers Local 369

Nonprofit profile at a glance

EIN
620247382
IRS 990 coverage
2013–2024
Forms available
Form 990 2024
Location
Cordova, TN, USA
Phone
9017547599
Rating
72
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$2,207,656
Expenses
$1,111,656
Assets
$7,241,483
Liabilities
$71,744

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • SHERI CRABTREE (PRESIDENT)

Highest reported compensation

  • JOHNNY SMITH (BUSINESS MAN): $116,709 total reported compensation
  • SHERI CRABTREE (PRESIDENT): $106,436 total reported compensation
  • CAMERON STEPHENS (CONDUCTOR): $106,436 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Iuoe is a trade union who represents operating engineers and is dedicated to the common interests of its members by ensuring protections of prevailing wages on public projects and alleviating healthcare costs through coalition building. The labor organazation represents its members by providing pension and welfare benefits to the members and performing bargaining and negotiating services on their behalf.

What it reported doing in 2024

Provided negotiating services on the behalf of members. Negotiations involved payroll and benefits the member's employer would pay on their behalf.

Operating model

Revenue model
Earned-program. 90% of the money available for current operations came from fees and other program revenue.
Distribution model
Hybrid. The nonprofit split its reported program spending across 72% for direct work, 24% for affiliated organizations, and 4% for member benefits.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 46
  • Transparency & Controls: 90
  • Accountability: 90
  • Sustainability: 80
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 36.5%; rating input score 36
  • Program expense ratio: 79.4%; rating input score 79
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 83.3%; rating input score 83; 16th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 49.6%; rating input score 92; 92nd percentile among comparable filings
  • Total-asset coverage ratio: 6.51; rating input score 87; 87th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 86; 86th percentile among comparable filings
  • Officer compensation ratio: 29.6%; rating input score 6; 6th percentile among comparable filings

Growth

  • Program expense growth: 4.3% per year; rating input score 100; 35th percentile among comparable filings
  • Revenue growth: 6.9% per year; rating input score 100; 54th percentile among comparable filings
  • Asset growth: 12.6% per year; rating input score 100; 67th percentile among comparable filings

Details

  • Where the money goes: 36.5% of revenue deployed · 79.4% of spending went to programs
  • Governance: 5 of 6 board members independent · 9 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $882K in reported program spending
  • Leadership: top reported pay $117K · 9 people listed
  • Consistency: 32 of 32 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 11 filing years from 2013 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Mission deployment rate scored 36/100.
  • High — Sustainability: Officer compensation ratio scored 6/100.