Plumbers and Pipefitters Local Union 51 Scholarship Education Fund (EIN 050499551) - 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

1998

Legal Domicile

Phone

4019433033

Tax Period

2024-07-01 to 2025-06-30

Plumbers and Pipefitters Local Union 51 Scholarship Education Fund, founded in 1998, is a small nonprofit in the Education sector that reported $302K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $63K, a strong 21% operating margin.

Mission

The Scholarship Educational Fund was created for the purpose of providing educational assistance to eligible recipients in order to encourage members and their dependent children to improve their educational background.

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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 $291,715

Investment Income $10,551

Other Revenue $0

TOTAL REVENUE $302,266

Expense Breakdown

Grants Paid $220,150

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $220,150

Other Expenses $19,219

TOTAL EXPENSES $239,369

Year-over-Year Comparison

	2024	2023	Change
Revenue	$302,266	$271,910	+0.1%
Expenses	$239,369	$286,856	-0.2%
Net Income	$62,897	$-14,946	-5.2%

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
William DeMello	Trustee	1.00	Director	$0	$0	$0
Max Sleczkowski	Trustee	1.00	Director	$0	$0	$0
John McMullen	Trustee	1.00	Director	$0	$0	$0
Brian Westcott	Trustee	1.00	Director	$0	$0	$0
Paul Carvalho	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	$302,266	$239,369	$624,639	$62,897
2024	$271,910	$286,856	$561,742	$-14,946
2023	$256,085	$261,785	$576,688	$-5,700
2022	$265,287	$233,024	$582,388	$32,263
2021	$287,160	$220,904	$550,125	$66,256
2020	$244,147	$202,728	$483,869	$41,419
2019	$270,083	$193,252	$442,450	$76,831

Plumbers and Pipefitters Local Union 51 Scholarship Education Fund