SPRINKLER FITTERS & APPR LOCAL UNION 55 (EIN 041859910) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1916

Legal Domicile

Principal Officer

PETER GIBBONS

Phone

6173230474

Tax Period

2024-01-01 to 2024-12-31

SPRINKLER FITTERS & APPR LOCAL UNION 55, founded in 1916, is a community nonprofit that reported $6.3M in total revenue in fiscal year 2024.

Mission

LABOR UNION

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $6,161,083

Program Service Revenue $0

Investment Income $52,644

Other Revenue $48,000

TOTAL REVENUE $6,261,727

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,749,411

Fundraising Expenses $0

Other Expenses $4,168,929

TOTAL EXPENSES $6,427,325

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,261,727	$6,468,430	0.0%
Expenses	$6,427,325	$6,085,323	+0.1%
Net Income	$-165,598	$383,107	-1.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$710,834

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL BOLAND	DIRECTOR	5.00	Director	$0	$0	$0
CHRISTOPHER CHASE	DIRECTOR	5.00	Director	$0	$0	$0
MICHAEL DYER	DIRECTOR	5.00	Director	$0	$0	$0
PATRICK ATHANAS	DIRECTOR	5.00	Director	$0	$0	$0
FRANK GAUDETTE	PRESIDENT	10.00	Officer	$0	$0	$0
MICHAEL GOMPERTS	VICE-PRESIDENT	10.00	Officer	$0	$0	$0
MARK FORTUNE	BUSINESS AGENT	50.00	Officer	$209,799	$21,811	$231,610
PETER GIBBONS	SECRETARY-TREASURER	55.00	Officer	$225,803	$21,811	$247,614
CHRISTOPHER ATHANAS	RECORDING SECRETARY	10.00	Officer	$0	$0	$0
MATTHEW JONES	ORGANIZER	45.00	Officer	$209,799	$21,811	$231,610
TERRENCE KERR	BOOKKEEPER	40.00	Highest	$156,571	$21,811	$178,382
COLLEEN BURKE	SECRETARY	40.00	Highest	$124,597	$21,811	$146,408

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	$6,261,727	$6,427,325	$4,430,703	$-165,598
2023	$6,468,430	$6,085,323	$4,605,981	$383,107
2022	$6,243,926	$5,791,487	$4,210,991	$452,439
2021	$6,306,074	$5,862,514	$3,764,829	$443,560
2020	$4,593,332	$5,157,035	$3,309,086	$-563,703
2019	$5,786,803	$5,710,862	$3,889,392	$75,941
2018	$5,314,675	$5,489,106	$3,794,261	$-174,431

SPRINKLER FITTERS & APPR LOCAL UNION 55