Local 57 Operating Engineers Apprenticeship & Skill Improvement is a 501(c)(3) organization based in Johnston, Rhode Island, registered in 1972, with $2,376,267 in FY2024 revenue. CharityIndex grades it C+.
Revenue (FY2024)
$2.4M
▲ 14.1% vs prior year
Employment median: $367K
Expenses (FY2024)
$1.3M
Net assets
$6.0M
Employees
—
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Local 57 Operating Engineers Apprenticeship & Skill Improvement— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Local 57 Operating Engineers Apprenticeship & Skill Improvement: 55 mo reserves · +45% margin earns a A on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Local 57 Operating Engineers Apprenticeship & Skill Improvement— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Local 57 Operating Engineers Apprenticeship & Skill Improvement: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Revenue grew from $652K (FY2013) to $2.4M (FY2024) across 11 reported years.
Financial snapshot
Operating margin
45.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$6.0M
Total liabilities
$51K
Net assets
$6.0M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $2,376,267▲14.1% | $1,300,462▲1.7% | $5,999,134▲21.9% | $6,049,867▲21.5% | 990 |
| 2023 | $2,082,117▲14.4% | $1,278,163▲34.6% | $4,923,329▲50.3% | $4,978,503▲49.3% | 990 |
| 2021 | $1,819,720▲25.7% | $949,603▲14.3% | $3,275,365▲36.2% | $3,335,061▲33.6% | 990 |
| 2020 | $1,448,072▲15.8% | $831,089▼7.1% | $2,405,248▲34.5% | $2,495,944▲30.0% | 990 |
| 2019 | $1,251,026▲12.2% | $894,592▲24.5% | $1,788,265▲24.9% | $1,920,190▲16.8% | 990 |
| 2018 | $1,114,792▲17.4% | $718,690▼1.2% | $1,431,831▲38.2% | $1,643,900▲28.4% | 990 |
| 2017 | $949,468▲6.7% | $727,631▼2.7% | $1,035,729▲27.3% | $1,280,513▲32.4% | 990 |
| 2016 | $889,956▼2.4% | $747,763▲4.2% | $813,892▲21.2% | $967,424▲10.1% | 990 |
| 2015 | $912,167▲28.8% | $717,473▲6.5% | $671,699▲40.8% | $878,688▲25.6% | 990 |
| 2014 | $708,467▲8.7% | $673,625▲10.0% | $477,005▲7.9% | $699,414▲42.5% | 990 |
| 2013 | $651,611 | $612,221▲1.9% | $442,163▲18.6% | $490,666▲17.7% | 990 |
| 2012 | — | $600,810▲3.4% | $372,773▼27.3% | $416,822▼25.8% | 990 |
| 2011 | — | $581,020 | $512,509 | $561,445 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Data for Local 57 Operating Engineers Apprenticeship & Skill Improvement (EIN 05-0347056) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.