PIPEFITTERS ASSOCIATION LOCAL UNION 537 NEMCA LABOR MANAGEMENT COOPERATION TRUST (EIN 046751112) - 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

DANIEL T O'BRIEN

Phone

6177875550

Tax Period

2023-09-01 to 2024-08-31

PIPEFITTERS ASSOCIATION LOCAL UNION 537 NEMCA LABOR MANAGEMENT COOPERATION TRUST, founded in 1993, is a mid-sized nonprofit that reported $11.7M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $8.8M, a strong 75% operating margin.

Mission

TO IDENTIFY AND EXPAND WORK OPPORTUNITIES, IMPROVE COMMUNICATIONS, PROMOTE EFFICIENCY IN OPERATIONS, PROMOTE HEALTH AND SAFETY, AND TO ESTABLISH AND MAINTAIN QUALITY TRAINING PROGRAMS.

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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 $9,972,620

Investment Income $1,746,723

Other Revenue $0

TOTAL REVENUE $11,719,343

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $345,003

TOTAL EXPENSES $2,959,271

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,719,343	$10,558,864	+0.1%
Expenses	$2,959,271	$6,818,068	-0.6%
Net Income	$8,760,072	$3,740,796	+1.3%

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

$336,506

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVEN AFFANATO	TRUSTEE	4.00	Director	$0	$0	$0
DANIEL T O'BRIEN	CHAIRMAN/TRUSTEE	4.00	Director	$0	$70,736	$336,506

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	$11,719,343	$2,959,271	$47,936,013	$8,760,072
2023	$10,558,864	$6,818,068	$39,617,197	$3,740,796
2022	$9,741,848	$4,940,188	$32,835,615	$4,801,660
2021	$8,505,808	$4,978,336	$28,969,753	$3,527,472
2020	$7,363,690	$3,984,628	$23,920,164	$3,379,062
2019	$8,481,238	$3,633,502	$19,252,104	$4,847,736
2018	$6,787,648	$3,525,871	$12,923,296	$3,261,777

PIPEFITTERS ASSOCIATION LOCAL UNION 537 NEMCA LABOR MANAGEMENT COOPERATION TRUST