Operating Engineers Local 324 Health Care Fund
Troy, MI 48098 · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $170,773,741 | $167,355,072 | $14,385,493 |
| FY2024 | $161,842,439 | $149,859,492 | $32,125,676 |
| FY2023 | $146,005,660 | $138,131,555 | $33,406,090 |
| FY2022 | $138,853,618 | $136,341,190 | $34,877,818 |
| FY2021 | $138,430,695 | $116,047,121 | $54,805,724 |
| FY2020 | $130,258,640 | $126,717,120 | $40,342,995 |
| FY2019 | $130,323,261 | $133,975,311 | $26,359,826 |
| FY2018 | $128,502,148 | $123,767,531 | $34,635,180 |
| FY2017 | $118,057,529 | $117,531,268 | $36,695,985 |
| FY2016 | $112,934,211 | $105,515,944 | $40,197,235 |
| FY2015 | $109,309,206 | $102,269,713 | $39,703,018 |
| FY2014 | $103,702,087 | $97,495,528 | $34,793,336 |
| FY2013 | $96,908,658 | $93,830,726 | $28,138,661 |
| FY2012 | $95,827,418 | $97,117,654 | $23,712,006 |
Form 990 filings
The returns filed by Operating Engineers Local 324 Health Care Fund (EIN 38-1940673), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $0 | 0% |
| Program service revenue | $163,953,433 | 96% |
| Other revenue | $6,820,308 | 4% |
What the numbers show
- Program service revenue made up 96% of total revenue in FY2025.
- Net assets covered about 1 month of expenses at the end of the reporting year.
- Total revenue rose from $95,827,418 in FY2012 to $170,773,741 in FY2025. Revenue increased in 12 and decreased in 1 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 2 of 14 reported years (FY2012, FY2019).
- Net assets declined from $23,712,006 to $14,385,493 between FY2012 and FY2025.
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
COLLECTION OF MONIES PURSUANT TO COLLECTIVE BARGAINING AGREEMENTS FOR DISTRIBUTION FOR PAYMENT OF COVERED HEALTH CARE, DEATH, AND DISABILITY BENEFITS TO PLAN PARTICIPANTS APPROX. 12,066 PARTICIPANTS BENEFIT UNDER TERMS OF PLAN.
IRS status
| Ruling year | 1973 |
| Subsection | 501(c)(9) |
Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
Think something here is wrong or should be removed? Use the contact form — we act on removal requests within 30 days.