Charity Search / OPERATING ENGINEERS LOCAL 406 STATE OF LOUISIANA APPRENTICESHIP AND ED
Employment (J22Z) 990 on File

OPERATING ENGINEERS LOCAL 406 STATE OF LOUISIANA APPRENTICESHIP AND ED

EIN: 23-7400330 · METAIRIE, LA 70010-7610 · United States · FY 2023 Data
3 out of 5 49 / 100 Based on 2+ years of filings
Financial strength (30%) 72/100
Reliability (20%) 55/100
Effectiveness (25%) 68/100
Impact (25%) No data yet
Financial data: FY 2023 · Scored 9/13/2026
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Financial Overview — FY 2023
$560K
Total Revenue
$632K
Total Expenses
$2.9M
Net Assets
12
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 67.8%
Fundraising Efficiency N/A
Operating Reserve 54.38x
Liability-to-Asset 0.5%
Revenue Diversification 91.8%
Executive Compensation $149K
Compared with Peers
FY 2023
Compared with 1,206 similar organizations (United States, Employment, $100K–$1M in expenses), FY 2023.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
67.8% 84.2%
P10P90
Bottom quarter
Admin expense ratio
Management and general / total expenses · lower is better
32.2% 12.8%
P10P90
Bottom quarter
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
0.0% 0.0%
P10P90
Top quarter
Operating reserve
Months of expenses covered by net assets · higher is better
54.4 mo 8.1 mo
P10P90
Top quarter
Liabilities to assets
Total liabilities / total assets · lower is better
0.5% 4.1%
P10P90
Above median
Revenue concentration
Share of revenue from the largest source · lower is better
91.8% 95.3%
P10P90
Above median
Revenue growth
Year over year revenue growth
-8.1% 10.8%
P10P90
Expense growth
Year over year expense growth
14.3% 13.1%
P10P90
Surplus margin
Surplus as a share of revenue
-12.8% 2.8%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2023 $560K $632K $2.9M 67.8% 12
2022 $610K $553K $2.9M 65.1% 10
2021 $417K $441K N/A — 9
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Organization Details
EIN
23-7400330
State
LA
City
METAIRIE
ZIP
70010-7610
Classification
J22Z
Category
Employment
Rating
3★
Coverage
A
Last Updated
Aug 2026
Form 990
On File
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