UNITED ASSOCIATION OF JOURNEYMEN LOCAL 131 PPF

EIN: 020134876

HOOKSETT, NH

Total Revenue
$1,191,876
Total Expenses
$1,069,511
Total Assets
$2,574,018
Net Assets
$2,044,404
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1979
Legal Domicile
NH
Principal Officer
DAVID PELLETIER
Phone
6036697307
Tax Period
2024-07-01 to 2025-06-30

UNITED ASSOCIATION OF JOURNEYMEN LOCAL 131 PPF, founded in 1979, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $1.1M left a modest 10% surplus.

Mission

TO IMPROVE THE WORKING CONDITIONS AND ADVANCE THE ECONOMIC INTERESTS OF THE JOURNEYMEN AND APPRENTICES OF THE PLUMBING AND PIPEFITTING INDUSTRY IN NH.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,062,839
Program Service Revenue $0
Investment Income $84,457
Other Revenue $44,580
TOTAL REVENUE $1,191,876

Expense Breakdown

Grants Paid $0
Salaries & Benefits $568,099
Fundraising Expenses $0
Other Expenses $501,412
TOTAL EXPENSES $1,069,511

Year-over-Year Comparison

2024 2023 Change
Revenue $1,191,876 $1,081,872 +0.1%
Expenses $1,069,511 $1,031,418 +0.0%
Net Income $122,365 $50,454 +1.4%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
4
Volunteers
N/A

Governance Policies

✓ Conflict of Interest Policy
✗ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$266,254
Total Directors
10
$133,777
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEFFREY WELCH PRESIDENT 2.00
Officer Director
$0 $0 $0
GEORGE STITT VP/CHAIRMAN OF BOARD 1.00
Officer Director
$0 $0 $0
MICHAEL BOYLE RECORDING SECRETARY 2.00
Director
$0 $0 $0
DAVID PELLETIER TREAS./BUSINESS MGR. 40.00
Officer Director
$133,777 $0 $133,777
MICHAEL NETISHEN INSIDE GUARD 1.00
Director
$0 $0 $0
ERIC BERRY EXECUTIVE BOARD MEMBER 1.00
Director
$0 $0 $0
JESSE TOROSIAN EXECUTIVE BOARD MEMBER 1.00
Director
$0 $0 $0
ALEX BROWN EXECUTIVE BOARD MEMBER 1.00
Director
$0 $0 $0
NATHAN RACIOT EXECUTIVE BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL FANNING EXECUTIVE BOARD MEMBER 1.00
Director
$0 $0 $0
STEVEN LACHANCE BUSINESS AGENT 40.00
Officer
$132,477 $0 $132,477
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $1,191,876 $1,069,511 $2,574,018 $122,365
2024 $1,081,872 $1,031,418 $2,372,798 $50,454
2023 $1,364,924 $978,623 $2,349,155 $386,301
2022 $965,768 $1,119,085 $1,906,150 $-153,317
2021 $905,258 $857,899 $1,993,370 $47,359
2020 $1,277,022 $943,226 $1,820,430 $333,796
2019 $929,435 $865,270 $1,412,979 $64,165
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