Plumbers & Pipefitters Local No 51 Realty Corporation (EIN 050452545) - 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

1989

Legal Domicile

Phone

4019433033

Tax Period

2024-05-01 to 2025-04-30

Plumbers & Pipefitters Local No 51 Realty Corporation, founded in 1989, is a small nonprofit that reported $289K in total revenue in fiscal year 2024. Expenses of $434K exceeded revenue, resulting in a 50% operating deficit.

Mission

The Local 51 Realty Corporation holds title to commercial property located at 11 Hemingway Drive, East Providence, Rhode Island on behalf of the Plumbers and Pipefitters Local No.51 Pension Plan.

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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 $0

Program Service Revenue $281,390

Investment Income $7,553

Other Revenue $0

TOTAL REVENUE $288,943

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $433,596

TOTAL EXPENSES $433,596

Year-over-Year Comparison

	2024	2023	Change
Revenue	$288,943	$282,237	+0.0%
Expenses	$433,596	$449,745	0.0%
Net Income	$-144,653	$-167,508	-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

$727,951

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Paul Alvarez	Co-chairman	1.00	Director	$0	$104,072	$257,623
John McMullen	Trustee	1.00	Director	$0	$99,580	$235,164
William DeMello	Trustee	1.00	Director	$0	$99,580	$235,164
Robert Bolton	Co-chairman	1.00	Director	$0	$0	$0
Alfred Archetto Jr	Trustee	1.00	Director	$0	$0	$0
David Rampone	Trustee	1.00	Director	$0	$0	$0
Michael Machado	Trustee	1.00	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
2025	$288,943	$433,596	$3,640,547	$-144,653
2023	$283,019	$392,497	$3,943,367	$-109,478
2022	$284,381	$443,094	$4,052,845	$-158,713
2021	$286,741	$312,040	$4,213,046	$-25,299
2020	$286,001	$325,245	$4,240,280	$-39,244
2019	$286,736	$401,213	$4,276,480	$-114,477

Plumbers & Pipefitters Local No 51 Realty Corporation