PLUMBERS LOCAL 12 EDUCATION FUND (EIN 046266388) - 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

1980

Legal Domicile

Principal Officer

RICHARD CARTER

Phone

6172881010

Tax Period

2023-01-01 to 2023-12-31

PLUMBERS LOCAL 12 EDUCATION FUND, founded in 1980, is a community nonprofit in the Employment sector that reported $4.1M in total revenue in fiscal year 2023. Expenses of $3.5M left a modest 15% surplus.

Mission

TO TEACH AND TRAIN UNION MEMBERS.

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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 $3,893,829

Investment Income $163,661

Other Revenue $5,397

TOTAL REVENUE $4,062,887

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,816,440

Fundraising Expenses $0

Program Expenses $2,652,806

Other Expenses $1,132,312

TOTAL EXPENSES $3,453,710

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,062,887	$4,079,160	0.0%
Expenses	$3,453,710	$3,131,694	+0.1%
Net Income	$609,177	$947,466	-0.4%

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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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

Key Employees

$302,198

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIMOTHY G FANDEL	TRUSTEE	10.00	Director	$0	$0	$0
ANDREW DEANGELO	TRUSTEE	10.00	Director	$0	$0	$0
FRANK AMATO	TRUSTEE	10.00	Director	$0	$0	$0
DAN BENT	TRUSTEE	10.00	Director	$0	$0	$0
JIM VAUGHAN	TRUSTEE	10.00	Director	$0	$0	$0
JOSEPH CANNISTRARO	TRUSTEE	10.00	Director	$0	$0	$0
PATRICK MULKERRIN	TRUSTEE	10.00	Director	$0	$0	$0
MICHAEL PETRILLI	TRUSTEE	10.00	Director	$0	$0	$0
MATT MCGONAGLE	TRUSTEE	10.00	Director	$0	$0	$0
PAUL DIONNE	TRUSTEE	10.00	Director	$0	$0	$0
JOSEPH KYNE	TRUSTEE	10.00	Director	$0	$0	$0
JOHN MARANI	TRUSTEE	10.00	Director	$0	$0	$0
JOE VALANTE	TRUSTEE	10.00	Director	$0	$0	$0
KEVIN WALSH	TRUSTEE	10.00	Director	$0	$0	$0
HILLIARD BAKER	TRUSTEE	10.00	Director	$0	$0	$0
SHAWN GUERTIN	TRUSTEE	10.00	Director	$0	$0	$0
TOM HANNON JR	TRUSTEE	10.00	Director	$0	$0	$0
PATRICK DOOLAN	TRUSTEE	10.00	Director	$0	$0	$0
KEN REAGAN	TRUSTEE	10.00	Director	$0	$0	$0
EDWARD STRICKLAND	TRUSTEE	10.00	Director	$0	$0	$0
RICHARD CARTER	TRAINING COORDINATOR	40.00	Key Emp	$234,112	$68,086	$302,198
KIMBERLY GARSIDE	INSTRUCTOR	40.00	Highest	$162,165	$68,671	$230,836
PAUL MCSWEENEY	INSTRUCTOR	40.00	Highest	$174,058	$68,671	$242,729
DARREN MCDONALD	INSTRUCTOR	40.00	Highest	$154,456	$68,671	$223,127
JOSEPH KYNE	INSTRUCTOR	40.00	Highest	$157,307	$68,671	$225,978

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	$4,062,887	$3,453,710	$10,410,619	$609,177
2022	$4,079,160	$3,131,694	$9,296,863	$947,466
2021	$4,169,953	$2,939,052	$9,310,062	$1,230,901
2020	$3,392,634	$2,480,802	$8,403,442	$911,832
2019	$4,283,600	$2,833,598	$7,184,203	$1,450,002
2018	$4,278,126	$2,451,420	$5,490,869	$1,826,706

PLUMBERS LOCAL 12 EDUCATION FUND