LICENSED PLUMBERS ASSOC OF NY INC (EIN 113133983) - 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

1992

Legal Domicile

Principal Officer

RICHARD BONELLI

Phone

7187936300

Tax Period

2023-01-01 to 2023-12-31

LICENSED PLUMBERS ASSOC OF NY INC, founded in 1992, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2023. Revenue surged 76% from the prior year, signaling strong growth momentum. Expenses of $1.6M left a modest 8% surplus.

Mission

TO ENHANCE AND DEVELOP GOOD RELATIONS BETWEEN THE PUBLIC, THE GOVERNMENT AND THE INDUSTRY

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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 (2023)

Revenue Breakdown

Contributions & Grants $544,196

Program Service Revenue $1,203,887

Investment Income $16,008

Other Revenue $22,671

TOTAL REVENUE $1,786,762

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $70,615

Program Expenses $1,361,966

Other Expenses $1,644,547

TOTAL EXPENSES $1,644,547

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,786,762	$1,014,122	+0.8%
Expenses	$1,644,547	$1,184,231	+0.4%
Net Income	$142,215	$-170,109	-1.8%

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

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
RICHARD BONELLI JR	BD MEMBER	5.00	Officer Director	$0	$0	$0
ANTHONY VIGILANTE	PRESIDENT	10.00	Officer Director	$0	$0	$0
LEONARD WILLIAMS	VP	5.00	Officer Director	$0	$0	$0
ROBERT MCMANUS	TREASURER	5.00	Director	$0	$0	$0
ANTHONY CAIAZZO	SECRETARY	5.00	Officer Director	$0	$0	$0
ANGELO LEMODETIS	BD MEMBER	5.00	Director	$0	$0	$0
HARRIS CLARK	BD MEMBER	5.00	Director	$0	$0	$0
OWEN WILLIAMS	BD MEMBER	5.00	Director	$0	$0	$0
DARREN LUNDEN	BD MEMBER	5.00	Director	$0	$0	$0
ROBERT GUILANTE	BD MEMBER	5.00	Director	$0	$0	$0
DANIEL VESSIO	BD MEMBER	5.00	Director	$0	$0	$0
JOHN SIDERIS	BD MEMBER	5.00	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	No data	No data	No data	No data
2023	$1,786,762	$1,644,547	$1,669,463	$142,215
2022	$1,014,122	$1,184,231	$1,404,525	$-170,109
2021	$1,011,542	$867,113	$1,646,881	$144,429
2020	$830,391	$789,461	$1,369,347	$40,930
2019	$1,377,820	$1,057,593	$1,432,421	$320,227

LICENSED PLUMBERS ASSOC OF NY INC