International Union of Operating Engineers Welfare Fund
Revenue
$26.7m
year to 31 December 2025
Expenses
$20.5m
year to 31 December 2025
Total assets
$44.4m
$5.8m liabilities
Net assets
$38.5m
assets less liabilities
Directors and trustees
6
7.6 years on average
Staff
5
employees, year to 31 December 2025
Left since last filing
0
no seats appear to have opened
Officers and senior staff
2
named in Part VII
International Union of Operating Engineers Welfare Fund's network
6 people6 organisationsi6 people and 6 organisations on this map.The large node is the subject of this page. Solid lines are what the register itself records (6). Violet dotted lines (12) are likely: the same full name sits on the current board of another organisation in the same register and region. Form 990 filings give names without a person identifier; SEC insider filings carry a CIK. It may be a different person.The board
6 listediTime on the board is observed from the annual filings: the IRS files no appointment date, so the bar counts years from the first filing the person appears on - a lower bound, not a filed start date. Names are exactly as filed. The IRS publishes no person identifier, so this edition does not yet link a person across organisations in the tables. The network map shows same-name matches as likely links only, never as confirmed.Time served and departures are observed across annual filings. Observed time served is a lower bound - a member may have joined before the first year on record. The organisation reported 6 voting members of its governing body on its latest Form 990 Part VI, which matches the board listed here.| Name | Role as filed | Since | On the board |
|---|---|---|---|
| James Sasso | Union Trustee | 2019 | 7 yrs |
| Jeffrey Loughlin | Union Trustee | 2018 | 8 yrs |
| John Cooney | Employer Trustee | 2020 | 6 yrs |
| Mark Fante | Employer Trustee | 2018 | 8 yrs |
| Michael Miller | Union Trustee | 2020 | 6 yrs |
| Richard Lombardi | Employer Trustee | 2018 | 8 yrs |
Under 5 years5 to 6 years6 years or more
Officers and senior leadership
2 listediNamed in Part VII as officers, key employees or highest-compensated staff - not board members, shown for completeness.| Name | Title as filed | On the filings |
|---|---|---|
| Albert Wassell | Fund Manager - Eff 07/23 | since 2023 |
| Rita Kostik | Fund Manager - Thru 06/23 | since 2018 |
Pay and hours
year to 31 December 2025iFrom Part VII of the Form 990: compensation reported for each officer, director, trustee, key employee and highest-paid staff member, and the average hours a week they report. Most board members are unpaid; a blank means nothing was reported. Pay from related organisations is shown separately.| Name | Title as filed | Hours a week | Pay from the organisation | Related organisations | Other |
|---|---|---|---|---|---|
| Albert Wassell | Fund Manager | 10 | $159k | $111k | |
| Jeffrey Loughlin | Union Trustee | 1 | $0 | ||
| James Sasso | Union Trustee | 1 | $0 | ||
| Michael Miller | Union Trustee | 1 | $0 | ||
| John Cooney | Employer Trustee | 1 | $0 | ||
| Richard Lombardi | Employer Trustee | 1 | $0 | ||
| Mark Fante | Employer Trustee | 1 | $0 |
About
- Legal name
- International Union of Operating Engineers Welfare Fund
- EIN
- 131739714
- Address
- 1360 Pleasantville Rd, Briarcliff, NY, 10510-1620
- State
- New York
- Mission
- The purpose of the plan is to provide health and other benefits to eligible participants. (as filed on the Form 990)
- IRS classification
- 501(c)09 (tax-exempt under section 501(c)(3) where shown)
- Size band
- 8 (IRS master file code)
- Formed
- 1951
- Principal officer
- Albert Wassel (as named on the Form 990)
- IRS ruling date
- 1 August 1993
- Status
- Code 01 (unconditional exemption)
- Form 990 filings on record
- 7, latest 2024
Most connected
Related organisations (Schedule R)
RelatedPROVIDE APP TRAINING, SKILL IMPROV. & SAFETY EDUCATIONApprentice Fund Iuoe L 137 A B C R Afl-CIORelatedLABOR UNIONIuoe Local 137 A B C R Afl-CIORelatedTO IMPROVE LABOR MGMT REL, SECURE EMPLOYMENTOperating Engineer Local 137 LMCT
Longest observed on the filings
≥8years on the filingsJeffrey Loughlin
≥8years on the filingsMark Fante
≥8years on the filingsRichard Lombardi
≥7years on the filingsJames Sasso
Latest return
year to 31 December 2025iFigures from the newest Form 990 or 990-EZ in the IRS e-file releases of 2025 and 2026, for the year ending 31 December 2025. US dollars, as filed.- Total assets
- $44.4m
- Total liabilities
- $5.8m
- Net assets or fund balances
- $38.5m
- Contributions and grants received
- $0
- Program service revenue
- $24.8m
- Employees
- 5
Filed finances
1 yeariTotals as filed on the IRS Form 990 (revenue and expenses), by tax year.| Tax year | Total revenue | Total expenses | Surplus or deficit |
|---|---|---|---|
| 2024 | $25.7m | $24.9m | $801k |
As filed on the IRS Form 990. US dollars.