Iuoe Training and Education Center Inc

Nonprofit profile at a glance

EIN
812416935
IRS 990 coverage
2018–2024
Forms available
Form 990 2024, Form 990-N 2017
Location
Washington, DC, USA
Phone
2024299100
Rating
65
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Adult, Continuing Education

Reported finances

Revenue
$11,916,366
Expenses
$18,032,820
Assets
$138,639,213
Liabilities
$196,808,849

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

Leadership & pay

8 people listed

Highest reported compensation

  • CALLAHAN JAMES T (CHAIRMAN): $733,651 total reported compensation
  • MCGUIRE MATTHEW G (SECRETARY-TREASURER): $545,814 total reported compensation
  • TREML CHRISTOPHER (DIRECTOR): $331,819 total reported compensation

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

Overview

Mission

To provide a training facility and training for operating engineers in the trade to improve and expand their skills.

What it reported doing in 2024

Provide specialized vocational training and education to improve and expand the skills of operating engineers and related fields; develop and approve up-to-date standardized educational curriculums relevant to the organized operating engineer industry; provide subject matter experts to review equipment and facility requirements in support of itec's educational programs; and ensure that a compliment of qualified instructors is maintained and regularly available and capable of providing high-quality training and education to the student body through contractual arrangements or direct employment.own and exclusively operate a 501(c)(3) qualified training and education facility, exempt from state property tax as a private school, in a secure and safe training environment closed to the public, that is capable of maintaining and serving a regular full-time body of operating engineer students; supporting itec's educational functions as well as the educational functions of related operating engineer training and educational programs; which provides, among other features, training and educational equipment, specialized classroom and practical training spaces, the necessary infrastructure to support instructors and specialized training, and on-site student housing and meals.

Operating model

Revenue model
Earned-program. 96% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.

Rating breakdown

  • Financial Efficiency: 85
  • Transparency & Controls: 60
  • Accountability: 37
  • Sustainability: 33
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 88.5%; rating input score 89
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 0%; rating input score 0; 3rd percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Limited
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -51.3%; rating input score 1; 1st percentile among comparable filings
  • Total-asset coverage ratio: 7.69; rating input score 89; 89th percentile among comparable filings
  • Liabilities to assets ratio: 1.42; rating input score 2; 2nd percentile among comparable filings
  • Officer compensation ratio: 5.4%; rating input score 48; 48th percentile among comparable filings

Growth

  • Program expense growth: 7.5% per year; rating input score 100; 59th percentile among comparable filings
  • Revenue growth: 17.2% per year; rating input score 100; 89th percentile among comparable filings
  • Asset growth: -1.2% per year; rating input score 0; 7th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 88.5% of spending went to programs
  • Governance: 0 of 7 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $16M in reported program spending
  • Leadership: top reported pay $734K · 8 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 26 of 26 current checks pass
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 6 filing years from 2018 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • 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 — Accountability: Independent voting board scored 0/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Sustainability: Operating margin scored 1/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 2/100.
  • Moderate — Sustainability: Officer compensation ratio scored 48/100.