Plumbers & Pipefitters Local No 51 Joint Apprenticeship Comm Trust Fund

EIN: 061488613 501(c)(3) Employment

East Providence, RI

Total Revenue
$2,016,110
Total Expenses
$1,537,153
Total Assets
$3,489,093
Net Assets
$3,489,093
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
RI
Phone
4019433033
Tax Period
2024-05-01 to 2025-04-30

Plumbers & Pipefitters Local No 51 Joint Apprenticeship Comm Trust Fund, founded in 1997, is a community nonprofit in the Employment sector that reported $2.0M in total revenue in fiscal year 2024. The organization ran a surplus of $479K, a strong 24% operating margin.

Mission

The Plumbers and Pipefitters Local 51 Joint Apprenticeship Committee Trust Fund was created for the purpose of promoting and supporting apprenticeship and other training programs for apprentices and journeymen employed in the heating, piping, air conditioning and refrigeration industries in Rhode Island and Southern Massachussetts.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $428,564
Program Service Revenue $1,581,048
Investment Income $6,498
Other Revenue $0
TOTAL REVENUE $2,016,110

Expense Breakdown

Grants Paid $0
Salaries & Benefits $837,349
Fundraising Expenses $0
Program Expenses $1,158,923
Other Expenses $699,804
TOTAL EXPENSES $1,537,153

Year-over-Year Comparison

2024 2023 Change
Revenue $2,016,110 $1,982,469 +0.0%
Expenses $1,537,153 $1,436,495 +0.1%
Net Income $478,957 $545,974 -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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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
8
Employees
6
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
0
$0
Total Directors
8
$289,135
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Paul Alvarez Co-chairman 1.00
Director
$0 $0 $153,551
John McMullen Labor Trustee 1.00
Director
$0 $0 $135,584
Katie Spatcher Mgmt Trustee 1.00
Director
$0 $0 $0
Jim O'Keefe Mgmt Trustee 1.00
Director
$0 $0 $0
John Puniello Co-Chairman 1.00
Director
$0 $0 $0
Frank Raposa Jr Labor Trustee 1.00
Director
$0 $0 $0
John Sanna Labor Trustee 1.00
Director
$0 $0 $0
Bruce Baker Mgmt 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 $2,016,110 $1,537,153 $3,489,093 $478,957
2024 $1,982,469 $1,436,495 $2,995,863 $545,974
2023 $1,590,981 $1,466,225 $2,423,983 $124,756
2022 $1,766,239 $1,353,114 $2,296,803 $413,125
2021 $1,642,818 $1,200,256 $2,008,809 $442,562
2020 $1,710,242 $1,386,216 $1,443,249 $324,026
2019 $1,644,841 $1,286,611 $1,114,949 $358,230
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