WESTCHESTER AND PUTNAM COUNTIES STEAMFITTER INDUSTRY PROMOTIONAL FUND (EIN 132911908) - 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

1991

Principal Officer

ROBERT COURTIEN

Tax Period

2023-01-01 to 2023-12-31

WESTCHESTER AND PUTNAM COUNTIES STEAMFITTER INDUSTRY PROMOTIONAL FUND, founded in 1991, is a small nonprofit in the Community Improvement sector that reported $437K in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $551K exceeded revenue, resulting in a 26% operating deficit.

Mission

TO INTRODUCE NEW PROCEDURES, TO PROTECT AND IMPROVE EXISTING STANDARDS, TO GIVE TECHNICAL ASSISTANCE, TO EXPOSE FRAUDULENT AND MISLEADING ADVERTISING AND TO PROMOTE AND IMPROVE THE PLUMBING 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 $426,532

Program Service Revenue $0

Investment Income $10,590

Other Revenue $0

TOTAL REVENUE $437,122

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $551,370

TOTAL EXPENSES $551,370

Year-over-Year Comparison

	2023	2022	Change
Revenue	$437,122	$366,427	+0.2%
Expenses	$551,370	$345,866	+0.6%
Net Income	$-114,248	$20,561	-6.6%

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 COURTIEN	Chairman	0.00	Officer Director	$0	$0	$0
MARK WHALEN	Trustee	4.00	Director	$0	$0	$0
RONALD MACELLARO	Trustee	0.00	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	$437,122	$551,370	$1,200,145	$-114,248
2022	$366,427	$345,866	$1,314,393	$20,561
2021	$359,444	$326,582	$1,293,832	$32,862
2020	$422,458	$285,746	$1,260,970	$136,712
2019	$715,699	$333,996	$1,124,258	$381,703
2018	$439,079	$284,157	$742,555	$154,922

WESTCHESTER AND PUTNAM COUNTIES STEAMFITTER INDUSTRY PROMOTIONAL FUND