Operating Engineers Local 324 Vacation and Holiday Fund of Michi
501(c)(9)
Only null% goes to programs Thin reserves Growing revenue
Operating Engineers Local 324 Vacation and Holiday Fund of Michi is a 501(c)(9) organization based in Troy, Michigan, registered in 1984, with $80,907,173 in FY2024 revenue. CharityIndex grades it B.
5600 New King Dr Ste 330, Troy, MI, 48098 EIN 38-6195525 Since 1984
Revenue (FY2024)
$80.9M
▲ 7.8% vs prior year
Expenses (FY2024)
$77.3M
Net assets
$3.0M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—Program efficiency40% of the ratingNo expense breakdown in filings
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 Operating Engineers Local 324 Vacation and Holiday Fund of Michi— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CFinancial health25% of the rating0 mo reserves · +4% 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 Local 324 Vacation and Holiday Fund of Michi: 0 mo reserves · +4% margin earns a C on this criterion. See the exact thresholds →
A+Governance25% of the rating6 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 Local 324 Vacation and Holiday Fund of Michi: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
BTransparency10% of the rating3 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 Local 324 Vacation and Holiday Fund of Michi: 3 of 5 disclosure signals earns a B on this criterion. See the exact thresholds →
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Mission
Collection of funds pursuant to collective bargaining agreement for distribution to participants.
Contact & location
Financial trends
Revenue grew from $35.6M (FY2013) to $80.9M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $31.3MNet assets $3.0M
Operating margin
4.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$34.3M
Total liabilities
$31.3M
Net assets
$3.0M
Salaries & benefits
$0
0% of expenses
Board members
10
5 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $80,907,173▲7.8% | $77,270,208▲8.7% | $3,030,680▲59.5% | $34,330,730▲11.6% | 990 |
| 2023 | $75,073,568▲13.6% | $71,063,294▲10.2% | $1,900,082▲131% | $30,755,729▲15.1% | 990 |
| 2022 | $66,084,844▲10.8% | $64,495,941▲15.7% | $822,308▼46.6% | $26,726,026▲6.2% | 990 |
| 2021 | $59,619,008▲11.1% | $55,761,049▲8.8% | $1,539,336▲212% | $25,154,395▲18.6% | 990 |
| 2020 | $53,659,149▲0.5% | $51,254,855▼1.2% | $493,178▼23.9% | $21,201,696▲12.7% | 990 |
| 2019 | $53,391,956▲14.6% | $51,866,929▲9.6% | $648,126▲55.1% | $18,809,814▲8.9% | 990 |
| 2018 | $46,583,662▼4.5% | $47,320,169▲3.3% | $417,920▲164% | $17,277,827▼4.1% | 990 |
| 2017 | $48,777,687▲18.2% | $45,805,659▲13.6% | $158,418▲125% | $18,017,838▲19.8% | 990 |
| 2016 | $41,255,847▲10.9% | $40,310,375▲15.7% | $70,321▲132% | $15,035,835▲7.0% | 990 |
| 2015 | $37,206,581 | $34,838,492▼7.0% | -$221,659▼2265% | $14,058,075▲20.1% | 990 |
| 2014 | $37,210,101▲4.4% | $37,464,852▲3.6% | -$9,374▲60.0% | $11,701,742▼2.2% | 990 |
| 2013 | $35,648,118 | $36,163,050▲14.0% | -$23,409▲91.4% | $11,959,131▼4.2% | 990 |
| 2012 | — | $31,709,156▲7.7% | -$272,394▼834% | $12,485,178▲16.9% | 990 |
| 2010 | — | $29,441,904▲4.1% | $37,092▲111% | $10,676,130▲16.4% | 990 |
| 2009 | — | $28,290,694 | -$341,891 | $9,169,059 | 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 (FY2024)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Douglas Stockwell | Labor Trustee, Chairman | 1 | — |
| Heath Salisbury | Labor Trustee | 1 | — |
| James Oleksinski | Mgmt Trustee | 1 | — |
| Kenneth Dombrow | Labor Trustee | 1 | — |
| Ken Nowicki | Mgmt Trustee | 1 | — |
| Kevin Besonen | Labor Trustee | 1 | — |
| Me Woodbeck Jr | Mgmt Trustee, Secretary | 1 | — |
| Mike Malloure | Mgmt Trustee | 1 | — |
| Scott Hart | Labor Trustee, Cfo Intl Union Oe | 1 | — |
| Todd Doenitz | Mgmt Trustee | 1 | — |
Top vendors & contractors (FY2014)
| Contractor | Services | Paid |
|---|---|---|
| Benesys Inc | Recordkeeping Services | $101,587 |
Frequently asked questions
- Is Operating Engineers Local 324 Vacation and Holiday Fund of Michi a legitimate nonprofit?
- Yes. Operating Engineers Local 324 Vacation and Holiday Fund of Michi is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 38-6195525, based in Troy, Michigan.
- What is Operating Engineers Local 324 Vacation and Holiday Fund of Michi's EIN?
- Operating Engineers Local 324 Vacation and Holiday Fund of Michi's Employer Identification Number (EIN) is 38-6195525.
- How much revenue does Operating Engineers Local 324 Vacation and Holiday Fund of Michi report?
- Operating Engineers Local 324 Vacation and Holiday Fund of Michi reported $80,907,173 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Operating Engineers Local 324 Vacation and Holiday Fund of Michi have?
- CharityIndex grades Operating Engineers Local 324 Vacation and Holiday Fund of Michi B, based on financial health (reserves and operating margin).
- How much does Operating Engineers Local 324 Vacation and Holiday Fund of Michi's highest-paid employee make?
- The highest reported compensation on Operating Engineers Local 324 Vacation and Holiday Fund of Michi's latest Form 990 is $0, paid to Douglas Stockwell (Labor Trustee, Chairman).
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Data for Operating Engineers Local 324 Vacation and Holiday Fund of Michi (EIN 38-6195525) 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.