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Filing year 2024

INTERNATIONAL UNION OF OPERATING ENGINEERS WELFARE FUND 478

Hamden, Connecticut·EIN 06-0662089·9
Total revenue
$81.9M
Total assets
$137.4M
Total expenses
$73.6M
Reported officers
14
Mission

TO PROVIDE HEALTH AND OTHER BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.

Executive compensation, broken down

Form 990 · Schedule J · 7 reported individuals · Filing year 2024

Network Admin.
highest compensated employee
$309k
$334k
Base
$209k
Bonus
Other
Benefits
$27k
Asst Executive Dir
highest compensated employee
$297k
$321k
Base
$200k
Bonus
Other
Benefits
$27k
Executive Dir. Thru 4/24
officer (unspecified)
$288k
$311k
Base
$175k
Bonus
Other
$27k
Benefits
$20k
Network Admin.
highest compensated employee
$266k
$287k
Base
$175k
Bonus
Other
Benefits
$27k
Claims Supervisor
highest compensated employee
$237k
$256k
Base
$152k
Bonus
Other
Benefits
$27k
Payroll and Ee Bnf. Acct.
highest compensated employee
$237k
$256k
Base
$152k
Bonus
Other
Benefits
$27k
Executive Dir. Eff 4/24
officer (unspecified)
$201k
$217k
Base
$114k
Bonus
Other
$25k
Benefits
$16k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 7 unpaid individuals.

Down 14%
from 2023

From $358k in 2023 to $309k in 2024.

$358k
2023
$309k
2024
In today's dollarsEst.
Down 16% in real terms$400k to $334k

Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

INTERNATIONAL UNION OF OPERATING ENGINEERS WELFARE FUND 478 reported revenue and expenses across 2 filing years.

RevenueExpenses
$67.4M
$69.3M
2023
$81.9M
$73.6M
2024
Total revenue and total expenses from IRS Form 990 filings.
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