PLUMBERS LOCAL UNION NO 1 TRADE EDUCATION FUND (EIN 111805197) - 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

1983

Legal Domicile

Principal Officer

PAUL O'CONNOR MARIE CAR

Phone

7188352700

Tax Period

2024-01-01 to 2024-12-31

PLUMBERS LOCAL UNION NO 1 TRADE EDUCATION FUND, founded in 1983, is a community nonprofit in the Employment sector that reported $5.7M in total revenue in fiscal year 2024. Expenses of $5.0M left a modest 13% surplus.

Mission

OPERATION AND MAINTENANCE OF TRADE SCHOOL FOR APPRENTICES AND JOURNEYMEN IN THE PLUMBING AND PIPE FITTING TRADE.

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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 $178,904

Program Service Revenue $5,276,939

Investment Income $185,635

Other Revenue $77,805

TOTAL REVENUE $5,719,283

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,343,983

Fundraising Expenses $0

Program Expenses $4,541,720

Other Expenses $1,450,389

TOTAL EXPENSES $4,994,933

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,719,283	$5,744,634	0.0%
Expenses	$4,994,933	$4,930,681	+0.0%
Net Income	$724,350	$813,953	-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

Key Employees

$314,524

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL O'CONNOR	LABOR TRUSTEE	2.00	Director	$0	$0	$0
FREDDY DELLIGATTI	LABOR TRUSTEE	2.00	Director	$0	$0	$0
MARIE CARDOZA	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
JEFFERY LEVINE	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
RICHARD GILLIGAN	LABOR TRUSTEE	2.00	Director	$0	$0	$0
RICHARD GARNER	LABOR TRUSTEE	2.00	Director	$0	$0	$0
LOUIS BUTTERMARK	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
VINCENT GAMBA	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
BARR RICKMAN	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
TERENCE O'BRIEN	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
ARTHUR KLOCK	DIRECTOR OF TRAINING	40.00	Key Emp	$0	$72,904	$314,524
JOHN SULLIVAN	INSTRUCTOR	40.00	Highest	$0	$72,904	$256,036
ROBERT GOULDSBURY	INSTRUCTOR	40.00	Highest	$0	$72,904	$271,495
MELLISSA BROTHERSON	INSTRUCTOR	40.00	Highest	$0	$72,904	$266,541
DAVID SMALLEY	INSTRUCTOR	40.00	Highest	$0	$72,904	$282,324
ROBERT FINLEY	INSTRUCTOR	40.00	Highest	$0	$72,904	$257,745

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	$5,719,283	$4,994,933	$16,997,843	$724,350
2023	$5,744,634	$4,930,681	$18,039,299	$813,953
2022	$6,432,489	$4,748,779	$18,932,738	$1,683,710
2021	$6,002,321	$3,615,344	$14,099,021	$2,386,977
2020	$4,809,211	$4,160,597	$10,311,856	$648,614
2019	$4,178,847	$4,493,150	$9,535,611	$-314,303
2018	$4,246,700	$4,602,791	$9,720,171	$-356,091

PLUMBERS LOCAL UNION NO 1 TRADE EDUCATION FUND