PLUMBERS LOCAL UNION NO 12

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1890

Legal Domicile

Principal Officer

JAMES VAUGHAN

Phone

6172886200

Tax Period

2024-01-01 to 2024-12-31

PLUMBERS LOCAL UNION NO 12, founded in 1890, is a mid-sized nonprofit that reported $12.1M in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum. Expenses of $11.7M left a modest 4% surplus.

Mission

TO PROVIDE LABOR UNION ACTIVITIES

Program Service Accomplishments

Program 1

Expenses: $6,111,124 Revenue: $11,505,380

LABOR UNION ACTIVITIES

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $100,000

Program Service Revenue $11,450,452

Investment Income $484,808

Other Revenue $53,453

TOTAL REVENUE $12,088,713

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,964,499

Fundraising Expenses $0

Program Expenses $6,111,124

Other Expenses $7,562,604

TOTAL EXPENSES $11,654,521

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,088,713	$9,147,118	+0.3%
Expenses	$11,654,521	$7,515,172	+0.6%
Net Income	$434,192	$1,631,946	-0.7%

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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

$1,993,300

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANK AMATO	BUSINESS AGENT	40.00	Officer	$234,892	$69,882	$304,774
CHAD CARBONE	BYLAWS COMMITTEE	2.00	Officer	$8,495	$0	$8,495
RICHARD CARTER	BYLAWS COMMITTEE	2.00	Officer	$6,475	$0	$6,475
TIMOTHY FANDEL	BUSINESS MANAGER	40.00	Officer	$248,559	$69,882	$318,441
BRIAN FARRELL	PAC/PR	2.00	Officer	$1,700	$0	$1,700
KIMBERLY GARSIDE	EXAMINING BOARD	2.00	Officer	$3,989	$0	$3,989
ROGER GILL	BYLAWS COMMITTEE	2.00	Officer	$0	$0	$0
RONALD HEIM	BYLAWS COMMITTEE	2.00	Officer	$6,475	$0	$6,475
JOE KYNE	INSIDE GUARD	2.00	Officer	$5,977	$0	$5,977
MARC LASALA	BYLAWS COMMITTEE	2.00	Officer	$0	$0	$0
ROBERT MCCARTHY	PRESIDENT	2.00	Officer	$20,781	$0	$20,781
MATTHEW MCGONAGLE	PAC/PR	2.00	Officer	$14,205	$0	$14,205
GEORGE MCMANUS	FINANCE COMMITTEE	2.00	Officer	$5,106	$0	$5,106
MATTHEW MESSINGER	ORGANIZER	40.00	Officer	$221,133	$69,882	$291,015
PATRICK MULKERRIN	BUSINESS AGENT	40.00	Officer	$234,892	$69,882	$304,774
GREGG PETERSON	BYLAWS COMMITTEE	2.00	Officer	$0	$0	$0
TONY PITARYS	EXAMINING BOARD	2.00	Officer	$3,838	$0	$3,838
YASMANI SANTIAGO	ORGANIZER	40.00	Officer	$221,133	$69,882	$291,015
JAMES VAUGHAN	BUSINESS AGENT	40.00	Officer	$238,938	$69,882	$308,820
LUKE WADE	PAC/PR	2.00	Officer	$5,956	$0	$5,956
PATRICK DOOLAN	RECORDING SECRETARY	2.00	Officer	$15,472	$0	$15,472
BRIAN HART	VICE PRESIDENT	2.00	Officer	$8,937	$0	$8,937
DARREN MACDONALD	JOINT APPRENTICE COMMITTEE	2.00	Officer	$5,948	$0	$5,948
JENNIFER TOBIES	JOINT APPRENTICE COMMITTEE	2.00	Officer	$6,009	$0	$6,009
DOMINIQUE CAVE	EXECUTIVE BOARD	2.00	Officer	$7,263	$0	$7,263
CHRISTOPHER BRETT	BUILDING COMMITTEE	2.00	Officer	$7,742	$0	$7,742
KERRY CARBONE	EXECUTIVE BOARD	2.00	Officer	$5,113	$0	$5,113
JOHN DREW	FINANCE COMMITTEE	2.00	Officer	$3,846	$0	$3,846
VAUGHAN FERGESON	JOINT APPRENTICE COMMITTEE	2.00	Officer	$6,009	$0	$6,009
ANDREW FONTANA	EXAMINING BOARD	2.00	Officer	$4,256	$0	$4,256
THOMAS MCCARTHY	EXECUTIVE BOARD	2.00	Officer	$5,113	$0	$5,113
SEAN MCINTYRE	EXECUTIVE BOARD	2.00	Officer	$5,113	$0	$5,113
JOSEPH PHINNEY	BYLAWS COMMITTEE	2.00	Officer	$0	$0	$0
GERARD POTTS	BUILDING COMMITTEE	2.00	Officer	$1,267	$0	$1,267
RICHARD RUSSO	FINANCE COMMITTEE	2.00	Officer	$5,113	$0	$5,113
THOMAS SPILLANE	BYLAWS COMMITTEE	2.00	Officer	$0	$0	$0
JIMMY DAVIS	PAC/PR	2.00	Officer	$4,263	$0	$4,263
BARRY KEADY	BUILDING COMMITTEE	2.00	Officer	$0	$0	$0

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
2024	$12,088,713	$11,654,521	$10,710,648	$434,192
2023	$9,147,118	$7,515,172	$10,381,429	$1,631,946
2022	$7,641,403	$6,396,991	$8,651,612	$1,244,412
2021	$6,556,085	$6,057,330	$7,675,933	$498,755
2020	$5,968,617	$5,326,932	$6,759,171	$641,685
2019	$6,908,056	$6,453,264	$6,100,039	$454,792
2018	$6,210,179	$5,367,927	$5,583,291	$842,252