Operating Engineers Health & Welfare Fund
501(c)(9)
94% goes to programs Thin reserves Growing revenue
Operating Engineers Health & Welfare Fund is a 501(c)(9) organization based in Pasadena, California, registered in 1956, with $313,233,018 in FY2023 revenue. CharityIndex grades it C+, and it directs about 94% of spending to programs.
100 Corson St Ste 100, Pasadena, CA, 91103 EIN 95-6034886 Since 1956
Revenue (FY2023)
$313.2M
▲ 4.4% vs prior year
Expenses (FY2023)
$337.9M
Net assets
-$52.9M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
C+Program efficiency40% of the rating94% to programs
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. For Operating Engineers Health & Welfare Fund: 94% to programs earns a C+ on this criterion. See the exact thresholds →
DFinancial health25% of the rating0 mo reserves · -8% margin
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 Operating Engineers Health & Welfare Fund: 0 mo reserves · -8% margin earns a D on this criterion. See the exact thresholds →
AGovernance25% of the rating5 of 6 checks met
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. For Operating Engineers Health & Welfare Fund: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
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 Operating Engineers Health & Welfare Fund: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
See schedule o
Contact & location
- Address
- 100 Corson St Ste 100, Pasadena, CA, 91103
- City
- Pasadena
- State
- California
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $217.1M (FY2013) to $313.2M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $200.4MNet assets -$52.9M
Operating margin
-7.9%
Spent more than it raised in the latest fiscal year.
Total assets
$147.5M
Total liabilities
$200.4M
Net assets
-$52.9M
Salaries & benefits
$0
0% of expenses
Board members
14
14 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $313,233,018▲4.4% | $337,865,941▲9.0% | -$52,876,262▼65.1% | $147,480,917▼3.3% | 990 |
| 2022 | $299,981,733▲8.4% | $309,909,840▲0.5% | -$32,017,608▼35.8% | $152,565,524▼1.9% | 990 |
| 2021 | $276,719,085▲1.9% | $308,334,285▲16.5% | -$23,579,232▼252% | $155,541,589▼12.2% | 990 |
| 2020 | $271,504,850▲2.7% | $264,682,976▲4.9% | $15,494,611▲282% | $177,217,807▲11.7% | 990 |
| 2019 | $264,361,794▲3.5% | $252,205,689▼3.1% | $4,057,848▲165% | $158,654,952▲10.2% | 990 |
| 2018 | $255,374,574▲1.1% | $260,238,135▲7.6% | -$6,263,037▼16.2% | $143,977,886▲5.0% | 990 |
| 2017 | $252,714,947▲1.8% | $241,850,613▲3.1% | -$5,391,787▲65.4% | $137,124,048▲15.7% | 990 |
| 2016 | $248,267,214▲4.9% | $234,671,771 | -$15,562,508▲48.7% | $118,547,688▲17.7% | 990 |
| 2015 | $236,754,703▲3.8% | $234,561,666▲4.0% | -$30,318,217▲4.6% | $100,698,981▲13.5% | 990 |
| 2014 | $228,040,558▲5.1% | $225,596,313▲8.1% | -$31,777,474▲2.1% | $88,748,295▲3.4% | 990 |
| 2013 | $217,071,727 | $208,680,127▲8.4% | -$32,465,913▲22.7% | $85,820,862▲31.6% | 990 |
| 2012 | — | $192,513,843▼14.9% | -$41,974,042▲33.5% | $65,203,088▲4.6% | 990 |
| 2011 | — | $226,237,444▲37.6% | -$63,108,133▼30.1% | $62,306,749▲9.6% | 990 |
| 2010 | — | $164,357,144▼20.9% | -$48,502,281▲33.1% | $56,845,991▲58.7% | 990 |
| 2009 | — | $207,677,899 | -$72,511,118 | $35,810,716 | 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.
Leadership & compensation (FY2023)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Dave Garbarino | Trustee | 1 | — |
| Dave Greco | Trustee | 1 | — |
| David Sikorski | Trustee | 1 | — |
| Employee Id 00468 | Fund Manager | 30 | — |
| Employee Id 00589 | Director of It Applications | 5 | — |
| Employee Id 00889 | Director of Human Resources | 1 | — |
| Employee Id 03493 | Director of Training | 0 | — |
| Employee Id 05084 | Chief Information Officer | 5 | — |
| Employee Id 05145 | Chief Financial Officer | 7 | — |
| George Butorovich | Trustee | 1 | — |
| Jaimie Angus | Trustee | 1 | — |
| Jim Ryan | Trustee | 1 | — |
| Joe Rangel Jr | Trustee | 1 | — |
| John Cooper | Trustee | 1 | — |
| Ken Hunt | Trustee | 1 | — |
| Michael Crawford | Trustee | 1 | — |
| Patrick Velasquez | Trustee | 1 | — |
| Perry Hawkins | Trustee | 1 | — |
| Robert Ninteman | Trustee | 1 | — |
| Shawn Kinsey | Trustee | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| National Investment Services | Invest. Management | $344,279 |
Frequently asked questions
- Is Operating Engineers Health & Welfare Fund a legitimate nonprofit?
- Yes. Operating Engineers Health & Welfare Fund is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 95-6034886, based in Pasadena, California.
- What is Operating Engineers Health & Welfare Fund's EIN?
- Operating Engineers Health & Welfare Fund's Employer Identification Number (EIN) is 95-6034886.
- How much revenue does Operating Engineers Health & Welfare Fund report?
- Operating Engineers Health & Welfare Fund reported $313,233,018 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Operating Engineers Health & Welfare Fund's spending goes to programs?
- Operating Engineers Health & Welfare Fund spends about 94% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Operating Engineers Health & Welfare Fund have?
- CharityIndex grades Operating Engineers Health & Welfare Fund C+, based on program efficiency and fundraising cost.
- How much does Operating Engineers Health & Welfare Fund's highest-paid employee make?
- The highest reported compensation on Operating Engineers Health & Welfare Fund's latest Form 990 is $0, paid to Dave Garbarino (Trustee).
More nonprofits in Pasadena
Explore more
Data for Operating Engineers Health & Welfare Fund (EIN 95-6034886) 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.