Steamfitters' Industry Educational Fund (EIN 131919703) - 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

1960

Legal Domicile

Phone

2124658888

Tax Period

2023-01-01 to 2023-12-31

Steamfitters' Industry Educational Fund, founded in 1960, is a community nonprofit that reported $3.6M in total revenue in fiscal year 2023. Expenses of $4.8M exceeded revenue, resulting in a 33% operating deficit.

Mission

The Fund is an employee welfare benefit fund established to accumulate funds to pay or provide for the pmt of the cost of maintenance and supervision of the apprentice and post-apprentice training programs.

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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 $0

Program Service Revenue $2,614,838

Investment Income $968,080

Other Revenue $58,570

TOTAL REVENUE $3,641,488

Expense Breakdown

Grants Paid $0

Salaries & Benefits $563,544

Fundraising Expenses $0

Program Expenses $3,207,390

Other Expenses $1,185,008

TOTAL EXPENSES $4,838,587

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,641,488	$3,410,897	+0.1%
Expenses	$4,838,587	$4,761,886	+0.0%
Net Income	$-1,197,099	$-1,350,989	-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

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

$493,126

Total Directors

Key Employees

$828,332

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
William J Turnbull	Executive Administrator	003.00	Officer	$44,455	$48,581	$493,126
Steve Cuadra	Education Director	020.00	Key Emp	$117,355	$66,027	$300,737
James Ippolito	Assistant Administrator	002.00	Key Emp	$15,233	$46,924	$264,546
James C White	Assistant Administrator	001.50	Key Emp	$10,811	$46,924	$263,049
Stephen Powers	Education Instructor	035.00	Highest	$186,250	$56,420	$242,670
Daniel Knights	Education Instructor	035.00	Highest	$183,947	$56,466	$240,413
Jason Grecco	Education Instructor	035.00	Highest	$183,879	$56,420	$240,299
Matthew Pizzo	Education Instructor	035.00	Highest	$176,818	$56,420	$233,238
Sean Driscoll	IT Director	001.50	Highest	$9,325	$26,280	$212,774
Daniel Mulligan	Trustee	002.00	Director	$0	$0	$0
James Sheeran	Trustee	002.00	Director	$0	$0	$0
Michael Mulvaney	Trustee	002.00	Director	$0	$0	$0
Robert Bartels Jr	Trustee	002.00	Director	$0	$0	$0
Anthony Saporito	Trustee	002.00	Director	$0	$0	$0
Robert McMorrow	Trustee	002.00	Director	$0	$0	$0
Richard Thompson	Trustee	002.00	Director	$0	$0	$0
Timothy Bowe	Trustee	002.00	Director	$0	$0	$0
Brian Kearney Jr	Trustee	002.00	Director	$0	$0	$0
Janet Powers	Trustee	002.00	Director	$0	$0	$0
Vinny Gaynor	Trustee	002.00	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	$3,641,488	$4,838,587	$24,071,568	$-1,197,099
2022	$3,410,897	$4,761,886	$25,496,285	$-1,350,989
2021	$3,704,991	$4,068,524	$24,707,289	$-363,533
2020	$3,417,368	$4,079,821	$25,592,488	$-662,453

Steamfitters' Industry Educational Fund