Operating Engineers Welfare Fund of Eastern PA & Delaware
501(c)(9)
Only null% goes to programs Strong reserves
Operating Engineers Welfare Fund of Eastern PA & Delaware is a 501(c)(9) organization based in Ft Washington, Pennsylvania, registered in 1954, with $96,694,423 in FY2024 revenue. CharityIndex grades it B+.
1375 Virginia Dr Ste 245, Ft Washington, PA, 19034 EIN 23-1402245 Since 1954
Revenue (FY2024)
$96.7M
▼ 1.0% vs prior year
Expenses (FY2024)
$96.4M
Net assets
$240.9M
Employees
101
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 Welfare Fund of Eastern PA & Delaware— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating30 mo reserves · +0% 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 Welfare Fund of Eastern PA & Delaware: 30 mo reserves · +0% margin earns a A on this criterion. See the exact thresholds →
BGovernance25% of the rating4 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 Welfare Fund of Eastern PA & Delaware: 4 of 6 checks met earns a B 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 Welfare Fund of Eastern PA & Delaware: 3 of 5 disclosure signals earns a B on this criterion. See the exact thresholds →
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Mission
The plan provides hospital, surgical, medical, dental, vision, and prescription benefits to eligible members of iuoe local 542 and their dependents.
Contact & location
- Address
- 1375 Virginia Dr Ste 245, Ft Washington, PA, 19034
- City
- Ft Washington
- State
- Pennsylvania
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $72.2M (FY2013) to $96.7M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $2.2MNet assets $240.9M
Operating margin
0.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$243.1M
Total liabilities
$2.2M
Net assets
$240.9M
Salaries & benefits
$1.6M
2% of expenses
Board members
8
6 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $96,694,423▼1.0% | $96,407,279▲8.0% | $240,913,718▼0.1% | $243,072,853▼0.1% | 990 |
| 2023 | $97,694,348▲4.8% | $89,296,804▲6.0% | $241,037,869▲4.7% | $243,275,217▲4.6% | 990 |
| 2022 | $93,184,581▼7.2% | $84,273,749▼1.4% | $230,304,833▼1.6% | $232,618,956▼1.4% | 990 |
| 2021 | $100,453,173▲15.9% | $85,487,580▲9.3% | $234,047,283▲6.2% | $236,032,222▲6.3% | 990 |
| 2020 | $86,643,755▼11.5% | $78,189,969▼9.8% | $220,311,964▲5.7% | $222,140,504▲5.3% | 990 |
| 2019 | $97,909,493▼8.2% | $86,664,548▼3.0% | $208,497,174▲9.9% | $210,972,534▲10.0% | 990 |
| 2018 | $106,688,625▲2.3% | $89,307,830▲16.0% | $189,732,813▲8.0% | $191,852,104▲7.8% | 990 |
| 2017 | $104,328,710▲14.8% | $77,000,181▼1.3% | $175,640,527▲20.1% | $178,014,053▲19.9% | 990 |
| 2016 | $90,872,107▲7.1% | $78,019,538▲3.9% | $146,224,273▲11.2% | $148,525,833▲10.9% | 990 |
| 2015 | $84,819,202▲12.3% | $75,115,805▲10.3% | $131,449,069▲6.5% | $133,896,869▲6.9% | 990 |
| 2014 | $75,528,790▲4.6% | $68,095,198▲14.4% | $123,423,255▲6.1% | $125,206,389▲6.6% | 990 |
| 2013 | $72,239,397 | $59,503,379▼2.6% | $116,302,888▲9.4% | $117,418,546▲9.3% | 990 |
| 2012 | — | $61,086,269▲13.4% | $106,346,115▲7.6% | $107,406,892▲7.3% | 990 |
| 2011 | — | $53,865,518▲0.4% | $98,867,082▲17.5% | $100,062,022▲17.0% | 990 |
| 2010 | — | $53,627,574 | $84,159,019 | $85,541,822 | 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)
Highest-paid: Paul Potako — $65,767 (0.07% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Paul Potako | It Manager | 18 | $65,767 |
| John Heenan | Administrator | 14 | $64,726 |
| William Mcguire | Collections | 12 | $47,354 |
| Paul Carey III | Auditor | 12 | $44,296 |
| Nathan Smith | Pension/member Coordinator | 12 | $25,426 |
| Ben Connors | Employer Trustee | 2 | — |
| Christopher Lodge | Union Trustee | 2 | — |
| Fran Pietrini | Employer Trustee | 2 | — |
| James Davis | Employer Trustee (p) | 2 | — |
| James Reilly | Union Trustee | 2 | — |
| Michael J Driscoll Jr | Employer Trustee | 2 | — |
| Robert Walsh | Union Trustee | 2 | — |
| Sonia Divalerio | Employer Trustee | 2 | — |
| Thomas Danese | Union Trustee | 2 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Independence Blue Cross | Claims Administration | $2,129,955 |
| Healthstat Inc | Medical Clinic | $1,569,264 |
| Health Care Solutions Corporation | Claims Processing | $1,081,130 |
| Express Scripts | Claims Administration | $991,469 |
| Guardian Nurses | Healthccare Advocates | $232,740 |
Frequently asked questions
- Is Operating Engineers Welfare Fund of Eastern PA & Delaware a legitimate nonprofit?
- Yes. Operating Engineers Welfare Fund of Eastern PA & Delaware is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 23-1402245, based in Ft Washington, Pennsylvania.
- What is Operating Engineers Welfare Fund of Eastern PA & Delaware's EIN?
- Operating Engineers Welfare Fund of Eastern PA & Delaware's Employer Identification Number (EIN) is 23-1402245.
- How much revenue does Operating Engineers Welfare Fund of Eastern PA & Delaware report?
- Operating Engineers Welfare Fund of Eastern PA & Delaware reported $96,694,423 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Operating Engineers Welfare Fund of Eastern PA & Delaware have?
- CharityIndex grades Operating Engineers Welfare Fund of Eastern PA & Delaware B+, based on financial health (reserves and operating margin).
- How much does Operating Engineers Welfare Fund of Eastern PA & Delaware's highest-paid employee make?
- The highest reported compensation on Operating Engineers Welfare Fund of Eastern PA & Delaware's latest Form 990 is $65,767, paid to Paul Potako (It Manager).
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Data for Operating Engineers Welfare Fund of Eastern PA & Delaware (EIN 23-1402245) 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.