Operating Engineers Local No 825 Welfare Fund

Nonprofit profile at a glance

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

17 people listed

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

To provide welfare benefits to plan participants.

Provide health and welfare benefits to eligible participants.

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 available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Consistency checks: 91.7%; rating input score 92; 8th 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: No; rating input score 0

Independent voting board: 50%; rating input score 50; 13th percentile among comparable filings
Governance controls: 5 of 9 controls in place; rating input score 62
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: Limited
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass

Operating margin: -0.3%; rating input score 25; 25th percentile among comparable filings
Total-asset coverage ratio: 1.49; rating input score 53; 53rd percentile among comparable filings
Liabilities to assets ratio: 0.03; rating input score 91; 91st percentile among comparable filings
Officer compensation ratio: 0.9%; rating input score 77; 77th percentile among comparable filings

Program expense growth: Limited
Revenue growth: 6.2% per year; rating input score 100; 54th percentile among comparable filings
Asset growth: 9.7% per year; rating input score 100; 69th percentile among comparable filings

Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
Governance: 4 of 8 board members independent · 5 of 9 filing controls reported
Programs: 1 filed program accomplishment
Leadership: top reported pay $397K · 17 people listed · 0 of 6 pay-setting controls reported
Highest-paid contractors: 5 contractors listed · $2.9M reported
Consistency: 13 of 14 current checks pass · 1 finding to review
Schedules: 4 filed schedules · includes executive pay
Filing history: 16 filing years from 2009 to 2024
Contacts: How to reach this organization
Money network: 7 filed money-flow records
Related organizations: 7 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.

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: 3 of 8 not reported.
High — Transparency & Controls: Related-party transparency scored 0/100.
High — Sustainability: Operating margin scored 25/100.
Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
Review — Sustainability: Total-asset coverage ratio scored 53/100.