Boston Plumbing & Gasfitting Industry Improvement Fund (EIN 042535112) - 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

1974

Legal Domicile

Principal Officer

Andrew DeAngelo

Phone

9787778764

Tax Period

2023-01-01 to 2023-12-31

Boston Plumbing & Gasfitting Industry Improvement Fund, founded in 1974, is a community nonprofit in the Employment sector that reported $1.3M in total revenue in fiscal year 2023. The organization ran a surplus of $216K, a strong 17% operating margin.

Mission

To enhance and protect the general welfare of the plumbling and gasfitting 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $153,679

Other Revenue $1,144,836

TOTAL REVENUE $1,298,515

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,082,046

TOTAL EXPENSES $1,082,046

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,298,515	$1,250,967	+0.0%
Expenses	$1,082,046	$1,021,442	+0.1%
Net Income	$216,469	$229,525	-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

N/A

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

Key Employees

$185,400

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael Petrilli	Trustee	2.00	Director	$0	$0	$0
Joseph Cannistraro	Trustee	2.00	Director	$0	$0	$0
Kevin Walsh	Trustee	2.00	Director	$0	$0	$0
Paul Dionne	Trustee	3.00	Director	$0	$0	$0
Joseph Valante	Trustee	2.00	Director	$0	$0	$0
John Marani	Trustee	2.00	Director	$0	$0	$0
Dan Bent	Trustee	2.00	Director	$0	$0	$0
Andrew DeAngelo	Administrator	40.00	Key Emp	$0	$0	$185,400

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	No data	No data	No data	No data
2023	$1,298,515	$1,082,046	$3,194,034	$216,469
2022	$1,250,967	$1,021,442	$2,977,565	$229,525
2021	$1,298,005	$583,336	$2,748,040	$714,669
2020	$913,634	$915,184	$2,033,371	$-1,550
2019	$1,366,604	$1,024,427	$2,034,921	$342,177
2018	$1,339,816	$1,171,433	$1,692,744	$168,383

Boston Plumbing & Gasfitting Industry Improvement Fund