PLUMBERS LOCAL #12 LABOR MANAGEMENT COOPERATION TRUST (EIN 046742981) - 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

1993

Legal Domicile

Principal Officer

MATTHEW COLETTI

Phone

6172885400

Tax Period

2023-09-01 to 2024-08-31

PLUMBERS LOCAL #12 LABOR MANAGEMENT COOPERATION TRUST, founded in 1993, is a community nonprofit that reported $7.2M in total revenue in fiscal year 2023. The organization ran a surplus of $1.1M, a strong 16% operating margin.

Mission

TO PROVIDE COMPETITIVE EMPLOYMENT OPPORTUNITIES

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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 $6,766,525

Investment Income $388,311

Other Revenue $0

TOTAL REVENUE $7,154,836

Expense Breakdown

Grants Paid $0

Salaries & Benefits $267,514

Fundraising Expenses $0

Other Expenses $692,757

TOTAL EXPENSES $6,007,640

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,154,836	$7,435,556	0.0%
Expenses	$6,007,640	$7,382,017	-0.2%
Net Income	$1,147,196	$53,539	+20.4%

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

$257,712

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL DIONNE	TRUSTEE	10.00	Director	$0	$0	$0
PATRICK M MULKERRIN	TRUSTEE	10.00	Director	$0	$0	$0
ANDREW DEANGELO	TRUSTEE	10.00	Director	$0	$0	$0
TIMOTHY FANDEL	TRUSTEE	10.00	Director	$0	$0	$0
MATTHEW COLETTI	ADMINISTRATOR	10.00	Officer	$28,320	$68,910	$257,712

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	$7,154,836	$6,007,640	$10,112,102	$1,147,196
2023	$7,435,556	$7,382,017	$8,741,436	$53,539
2022	$6,871,494	$6,422,763	$8,731,292	$448,731
2021	$6,952,624	$6,939,346	$8,824,661	$13,278
2020	$6,163,102	$6,651,243	$9,279,914	$-488,141
2019	$8,200,280	$6,124,445	$9,286,511	$2,075,835
2018	$6,732,623	$4,881,078	$7,078,397	$1,851,545

PLUMBERS LOCAL #12 LABOR MANAGEMENT COOPERATION TRUST