Operating Engineers' Local 324 Labor Management Education Committee
Nonprofit profile at a glance
- EIN
- 382872986
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Bloomfield Township, MI, USA
- Phone
- 2484510324
- Rating confidence
- Limited
Reported finances
- Revenue
- $1,982,216
- Expenses
- $1,543,546
- Assets
- $2,725,435
- Liabilities
- $246,187
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
13 people listed
Executive titles in this filing
- LEE GRAHAM (EXECUTIVE DIRECTOR)
Highest reported compensation
- DOUG STOCKWELL (LABOR TRUSTEE): $292,657 total reported compensation
- KENNETH DOMBROW (LABOR TRUSTEE, CHAIRMAN): $240,562 total reported compensation
- LEE GRAHAM (EXECUTIVE DIRECTOR): $230,021 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The operating engineers local 324 labor management education committee aims to make Michigan the premier state in the union and possibly the world to construct and maintain infrastructure and facilities. We will achieve this mission through education, communication, innovation and dedication to the members of operating engineers local 324, while concurrently striving to enhance progressive relationships with the contactors employing them and the project owners providing opportunities for the members to perform their craft.
What it reported doing in 2024
To distribute promotional and educational materials and information to architects, engineers, and operating engineers to enhance progressive relationships with the contractors employing them and the project owners providing opportunities for members to perform their craft.
Operating model
- Revenue model
- Earned-program. 95% 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
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 60
- Accountability: 57
- Sustainability: 60
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd 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: 50%; rating input score 50; 11th percentile among comparable filings
- Governance controls: 6 of 9 controls in place; rating input score 67
- 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: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 22.1%; rating input score 78; 78th percentile among comparable filings
- Total-asset coverage ratio: 1.77; rating input score 61; 61st percentile among comparable filings
- Liabilities to assets ratio: 0.09; rating input score 44; 44th percentile among comparable filings
- Officer compensation ratio: 55.7%; rating input score 1; 1st percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 6.9% per year; rating input score 100; 54th percentile among comparable filings
- Asset growth: 14.1% per year; rating input score 100; 70th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 5 of 10 board members independent · 6 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $293K · 13 people listed · 0 of 6 pay-setting controls reported
- Consistency: 13 of 13 current checks pass
- Schedules: 4 filed schedules · includes executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: 9 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 — Transparency & Controls: Pay-setting controls scored 0/100.
- Review — Accountability: Independent voting board scored 50/100.
- Review — Accountability: Governance controls: 2 of 8 not reported.
- High — Sustainability: Officer compensation ratio scored 1/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 44/100.