Plumbing-Heating-Cooling Contractors of MA Inc (EIN 042057147) - Form 990 Financial Analysis & Trantor Score

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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

1893

Legal Domicile

Phone

7818433800

Tax Period

2024-01-01 to 2024-12-31

Plumbing-Heating-Cooling Contractors of MA Inc, founded in 1893, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $302K, a strong 19% operating margin.

Mission

To provide education and dissemination of knowledge pertaining to the plumbing-heating-cooling industry.

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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 $236,880

Program Service Revenue $1,017,794

Investment Income $205,908

Other Revenue $163,182

TOTAL REVENUE $1,623,764

Expense Breakdown

Grants Paid $86,475

Salaries & Benefits $424,363

Fundraising Expenses $0

Program Expenses $1,321,873

Other Expenses $811,035

TOTAL EXPENSES $1,321,873

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,623,764	$1,379,567	+0.2%
Expenses	$1,321,873	$1,107,405	+0.2%
Net Income	$301,891	$272,162	+0.1%

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

Total Directors

$79,214

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Bradford Piesco	Director	1.00	Director	$30,576	$0	$30,576
Kate Tynan	Director	0.00	Director	$29,820	$0	$29,820
Andrew Lyne Jr	Director	0.00	Director	$10,400	$0	$10,400
John Cersosimo	Director	0.00	Director	$8,418	$0	$8,418
Peter Leydon	Director	1.00	Director	$0	$0	$0
Frank Monroe	Treasurer	5.00	Officer Director	$0	$0	$0
James Doughty	President	5.00	Officer Director	$0	$0	$0
Michael E Allen	Director	1.00	Director	$0	$0	$0
Christine Ernst	Director	1.00	Director	$0	$0	$0
William Grover Jr	Director	1.00	Director	$0	$0	$0
Kenneth Hinchey	Clerk	5.00	Officer Director	$0	$0	$0
William Leydon	Director	1.00	Director	$0	$0	$0
John Maurer	Director	1.00	Director	$0	$0	$0
Michael Prousalis	Director	1.00	Director	$0	$0	$0
Robert Basnett	Director	1.00	Director	$0	$0	$0
Joseph Whitney	Director	1.00	Director	$0	$0	$0
John Macone	Director	1.00	Director	$0	$0	$0
John Klesaris	Director	1.00	Director	$0	$0	$0
Ken Nielsen	Director	1.00	Director	$0	$0	$0
Brian MacDonald	Director	1.00	Director	$0	$0	$0
John OLeary	Director	1.00	Director	$0	$0	$0
Matthew Dorsey	Director	1.00	Director	$0	$0	$0
Edward Doughty	Vice President	5.00	Officer Director	$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	$1,623,764	$1,321,873	$2,281,399	$301,891
2023	$1,379,567	$1,107,405	$2,089,053	$272,162
2022	$1,252,362	$1,066,156	$1,772,445	$186,206
2021	$979,809	$867,242	$1,573,052	$112,567
2020	$913,639	$930,575	$1,159,823	$-16,936
2019	$1,012,808	$956,580	$1,387,579	$56,228
2018	$1,240,692	$967,079	$1,346,784	$273,613

Plumbing-Heating-Cooling Contractors of MA Inc