PLUMBING INDUSTRY PROMOTION FUND OF LONG ISLAND (EIN 112646781) - 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

1982

Legal Domicile

Principal Officer

ROBERT RUGGIERO JR

Phone

6316828310

Tax Period

2024-01-01 to 2024-12-31

PLUMBING INDUSTRY PROMOTION FUND OF LONG ISLAND, founded in 1982, is a small nonprofit that reported $559K in total revenue in fiscal year 2024. Revenue decreased 20% compared to the prior year. Expenses of $723K exceeded revenue, resulting in a 29% operating deficit.

Mission

TO PROMOTE, PUBLICIZE, AND EDUCATE THE UNIONIZED PLUMBING INDUSTRY OFLONG ISLAND NEW YORK.

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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 $521,577

Investment Income $37,589

Other Revenue $0

TOTAL REVENUE $559,166

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $722,864

TOTAL EXPENSES $722,864

Year-over-Year Comparison

	2024	2023	Change
Revenue	$559,166	$695,991	-0.2%
Expenses	$722,864	$527,124	+0.4%
Net Income	$-163,698	$168,867	-2.0%

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
ROBERT RUGGIERO	TRUSTEE	001.00	Director	$0	$0	$0
DOMINICK D'ELIA	TRUSTEE	001.00	Director	$0	$0	$0
IRWIN BOTTO	TRUSTEE	001.00	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
2024	$559,166	$722,864	$1,491,893	$-163,698
2023	$695,991	$527,124	$1,667,501	$168,867
2022	$439,050	$597,968	$1,490,634	$-158,918
2022	No data	No data	$1,649,552	No data
2021	$593,114	$507,554	$1,649,552	$85,560
2020	$601,566	$264,124	$1,563,992	$337,442
2019	$494,920	$408,961	$1,126,986	$85,959
2019	No data	No data	$1,041,027	No data
2018	$435,134	$453,789	$1,041,027	$-18,655

PLUMBING INDUSTRY PROMOTION FUND OF LONG ISLAND