Intl Union of Operating Engineers Local 612
Nonprofit profile at a glance
- EIN
- 910268531
- IRS 990 coverage
- 2010–2025
- Forms available
- Form 990 2025
- Location
- Tacoma, WA, USA
- Phone
- 2535729612
- Rating
- 37
- Verdict
- REVIEW
- Rating confidence
- Moderate
Reported finances
- Revenue
- $7,456,265
- Expenses
- $3,601,724
- Assets
- $21,350,235
- Liabilities
- $35,126
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
15 people listed
Highest reported compensation
- Kevin Tedrick (FIN SECRE/Bs Mg): $244,380 total reported compensation
- Christina Hall (Prsdnt/Trst/Rep): $217,892 total reported compensation
- Chad Campbell (Rec Sc/Trst/Rep): $206,748 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To elevate the trade of operating engineers to its proper position in all industrial activities and the ranks of organized workers; to encourage a higher standard of skill amoung its members; to organize all persons working in ther jurisdiction of the union without regard to race, creed, color, sex, religion, age or national origin; to promote health, welfare and safety of its members and their families; to foster and develop training programs and other means to advance skills; to assist empoyers in obtaining skilled workers. To secure and improve wages, hours, and working conditions.
What it reported doing in 2025
The local union's exempt purpose was achieved through the organization and education of workers and through negotiations with employers.
Operating model
- Revenue model
- Earned-program. 87% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
REVIEW - Most filed governance safeguards are in place and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 51
- Accountability: 74
- Sustainability: 78
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: 0%; rating input score 0
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 92.9%; rating input score 93; 14th percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 13.9%; rating input score 14; 17th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 55.6%; rating input score 56; 11th 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: 51.7%; rating input score 91; 91st percentile among comparable filings
- Total-asset coverage ratio: 5.93; rating input score 83; 83rd percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 87; 87th percentile among comparable filings
- Officer compensation ratio: 35.4%; rating input score 5; 5th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 6.9% per year; rating input score 100; 51st percentile among comparable filings
- Asset growth: 8.8% per year; rating input score 100; 53rd percentile among comparable filings
Details
- Where the money goes: 0% of revenue deployed · 0% of spending went to programs
- Governance: 5 of 9 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $244K · 15 people listed · 1 of 6 pay-setting controls reported
- Consistency: 16 of 18 current checks pass · 2 findings to review
- Schedules: 7 filed schedules · includes grants and executive pay
- Filing history: 15 filing years from 2010 to 2025
- Contacts: How to reach this organization
- Money network: 14 filed money-flow records
- Related organizations: 2 filed related-organization links
- 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.
- High — Financial Efficiency: Mission deployment rate scored 0/100.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- High — Transparency & Controls: Grant itemization coverage scored 14/100.
- Review — Accountability: Independent voting board scored 56/100.
- Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- High — Sustainability: Officer compensation ratio scored 5/100.