Plumbers & Pipefitters Local Union No 51 (EIN 061475010) - 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

1997

Legal Domicile

Phone

4019433033

Tax Period

2025-01-01 to 2025-12-31

Plumbers & Pipefitters Local Union No 51, founded in 1997, is a community nonprofit that reported $4.7M in total revenue in fiscal year 2025. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $4.1M left a modest 13% surplus.

Mission

The Plumbers & Pipefitters Local Union No. 51 was organized to represent members in the plumbing and pipefitting trades.

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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 (2025)

Revenue Breakdown

Contributions & Grants $120,000

Program Service Revenue $4,490,368

Investment Income $61,785

Other Revenue $-9,257

TOTAL REVENUE $4,662,896

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,062,794

Fundraising Expenses $0

Other Expenses $3,002,592

TOTAL EXPENSES $4,065,386

Year-over-Year Comparison

	2025	2024	Change
Revenue	$4,662,896	$4,087,787	+0.1%
Expenses	$4,065,386	$3,162,278	+0.3%
Net Income	$597,510	$925,509	-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

$981,816

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Paul Alvarez	Business Manage	40.00	Director	$156,040	$106,490	$262,530
Darrell Price	Organizer	40.00	Director	$137,826	$101,936	$239,762
John McMullen	Business Agent	40.00	Director	$137,826	$101,936	$239,762
William DeMello Jr	Business Agent	40.00	Director	$137,826	$101,936	$239,762
Paul Adamonis	President	1.00	Officer	$0	$0	$0
Edward Keenan	Vice President	1.00	Officer	$0	$0	$0
Mathew Day	Recording Sec.	1.00	Officer	$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	$4,662,896	$4,065,386	$8,624,248	$597,510
2024	$4,087,787	$3,162,278	$8,040,096	$925,509
2023	$3,444,176	$2,772,414	$6,999,074	$671,762
2022	$3,575,563	$3,016,551	$6,404,596	$559,012
2021	$3,474,684	$3,269,451	$6,056,040	$205,233
2020	$3,158,562	$3,100,314	$5,453,746	$58,248
2019	$3,236,831	$2,495,388	$7,703,586	$741,443
2018	$2,808,032	$2,241,529	$5,835,744	$566,503

Plumbers & Pipefitters Local Union No 51