PLUMBERS LOCAL UNION NO 1 (EIN 113386159) - 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

1889

Legal Domicile

Principal Officer

PAUL O'CONNOR

Phone

7187387500

Tax Period

2024-01-01 to 2024-12-31

PLUMBERS LOCAL UNION NO 1, founded in 1889, is a mid-sized nonprofit that reported $13.0M in total revenue in fiscal year 2024. Expenses of $11.7M left a modest 10% surplus.

Mission

TO ENCOURAGE GOOD WORKMANSHIP, ADOPT AND MAINTAIN A FAIR RATE OF WAGES AND WORKING CONDITIONS, PROTECT THE MEMBERS FROM UNJUST AND INJURIOUS COMPETITION AND SECURE UNITY OF ACTION FOR THEIR MUTUAL PROTECTION.

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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 $11,469,611

Investment Income $1,404,363

Other Revenue $97,313

TOTAL REVENUE $12,971,287

Expense Breakdown

Grants Paid $90,174

Salaries & Benefits $6,446,746

Fundraising Expenses $0

Other Expenses $5,194,433

TOTAL EXPENSES $11,731,353

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,971,287	$12,705,889	+0.0%
Expenses	$11,731,353	$12,095,840	0.0%
Net Income	$1,239,934	$610,049	+1.0%

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

N/A

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

$4,549,408

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL O'CONNOR	BUSINESS MANAGER	40.00	Officer	$244,056	$141,223	$385,279
FRED DELLIGATTI	FINANCIAL SEC./TRESURER	40.00	Officer	$214,412	$132,725	$347,137
RICHARD GILLIGAN	BUSINESS AGENT AT LARGE	40.00	Officer	$206,866	$128,575	$335,441
CARL L JOHNSON JR	BUSINESS AGENT	40.00	Officer	$196,171	$132,055	$328,226
ANDREW FRISCIA	ORGANIZER	40.00	Officer	$194,398	$131,139	$325,537
PAUL COTTO	EXECUTIVE BOARD/ORGANIZER	40.00	Officer	$197,137	$128,018	$325,155
THOMAS KINIRONS	BUSINESS AGENT	40.00	Officer	$194,463	$130,669	$325,132
RICHARD GARNER	BUSINESS AGENT	40.00	Officer	$197,755	$127,231	$324,986
LOUIS PASQUALE	BUSINESS AGENT	40.00	Officer	$194,720	$128,296	$323,016
JOHN TOTINO	BUSINESS AGENT	40.00	Officer	$193,868	$128,104	$321,972
JOHN HICKEY	BUSINESS AGENT	40.00	Officer	$194,885	$125,580	$320,465
GEORGE MALANDRAKIS	BUSINESS AGENT	40.00	Officer	$194,846	$125,570	$320,416
ROBERT MURRAY	BUSINESS AGENT	40.00	Officer	$193,783	$125,305	$319,088
RAYMOND RONDINO	BUSINESS AGENT (P)	40.00	Officer	$96,221	$68,481	$164,702
ALBERT ESPOSITO	RECORDING SECRETARY/ORGANIZER	10.00	Officer	$28,912	$4,007	$32,919
MATTHEW GRIMES	FINANCE COMMITTEE	5.00	Officer	$5,988	$0	$5,988
TIMOTHY SPELLMAN	PRESIDENT	1.00	Officer	$5,208	$701	$5,909
ALAN PAWELSKY	VICE PRESIDENT	1.00	Officer	$2,820	$0	$2,820
MICHAEL ALOISI	EXECUTIVE BOARD	1.00	Officer	$2,784	$0	$2,784
DOMINICK BRUNO	EXECUTIVE BOARD	1.00	Officer	$2,784	$0	$2,784
JUDALINE CASSIDY	EXECUTIVE BOARD	1.00	Officer	$2,784	$0	$2,784
CHRISTOPHER CONBOY JR	EXECUTIVE BOARD	1.00	Officer	$2,784	$0	$2,784
PIOTR AKSAMITOWSKI	EXAMINING BOARD	1.00	Officer	$2,676	$0	$2,676
RAFAEL CRUZ	EXAMINING BOARD	1.00	Officer	$2,676	$0	$2,676
ANDREW DONLEVY	FINANCE COMMITTEE	1.00	Officer	$2,676	$0	$2,676
MICHAEL FUSCO	EXAMINING BOARD	1.00	Officer	$2,676	$0	$2,676
STRACY JONES	EXAMINING BOARD	1.00	Officer	$2,676	$0	$2,676
DAVID MCINTOSH	FINANCE COMMITTEE	1.00	Officer	$2,676	$0	$2,676
MICHAEL PINTO	INSIDE SENTRY	1.00	Officer	$2,676	$0	$2,676
MICHAEL REED	EXAMINING BOARD	1.00	Officer	$2,676	$0	$2,676
VICTOR ROSSI	EXAMINING BOARD	1.00	Officer	$2,676	$0	$2,676
ETHLYN DOUGLAS	CONTROLLER	40.00	Highest	$163,448	$78,574	$242,022
DANIEL ROMAN	MAINTENANCE	40.00	Highest	$107,771	$67,136	$174,907

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	$12,971,287	$11,731,353	$57,505,144	$1,239,934
2023	$12,705,889	$12,095,840	$55,849,197	$610,049
2022	$12,809,826	$11,595,111	$54,336,972	$1,214,715
2021	$12,579,466	$11,482,458	$55,448,658	$1,097,008
2020	$12,321,370	$10,917,999	$53,263,436	$1,403,371
2019	$15,308,607	$11,249,821	$45,757,979	$4,058,786
2018	$13,307,295	$11,122,248	$41,261,988	$2,185,047

PLUMBERS LOCAL UNION NO 1