THE PLUMBING FOUNDATION CITY OF NEW YORK INC (EIN 133380149) - 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

1986

Legal Domicile

Principal Officer

TERENCE O'BRIEN

Phone

2124814580

Tax Period

2024-01-01 to 2024-12-31

THE PLUMBING FOUNDATION CITY OF NEW YORK INC, founded in 1986, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. The organization ran a surplus of $426K, a strong 29% operating margin.

Mission

TO ENSURE THE PUBLIC HEALTH THROUGH THE ENACTMENT AND ENFORCEMENT OF SAFE PLUMBING CODES.

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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 $595,833

Program Service Revenue $755,445

Investment Income $112,341

Other Revenue $18,307

TOTAL REVENUE $1,481,926

Expense Breakdown

Grants Paid $621

Salaries & Benefits $291,359

Fundraising Expenses $0

Other Expenses $763,693

TOTAL EXPENSES $1,055,673

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,481,926	$1,671,543	-0.1%
Expenses	$1,055,673	$1,697,022	-0.4%
Net Income	$426,253	$-25,479	-17.7%

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

$677,404

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HARRIS CLARK	DIRECTOR	1.00	Director	$0	$0	$0
MARC BRESLAW	DIRECTOR	1.00	Director	$0	$0	$0
PAUL BELLI	DIRECTOR	1.00	Director	$0	$0	$0
LOUIS BUTTERMARK	VICE CHAIRMAN	3.00	Officer Director	$0	$0	$0
LAWRENCE LEVINE	CHAIRMAN	3.00	Officer Director	$0	$0	$0
BARR RICKMAN	TREASURER	3.00	Officer Director	$0	$0	$0
RICHARD TURCHIANO	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT LYONS	DIRECTOR	1.00	Director	$0	$0	$0
ANGELO LEMODETIS	DIRECTOR	1.00	Director	$0	$0	$0
ANTHONY ALTIMARI	DIRECTOR	1.00	Director	$0	$0	$0
ALEX GREENBERG	DIRECTOR	1.00	Director	$0	$0	$0
NICHOLAS KATRAGIS	DIRECTOR	1.00	Director	$0	$0	$0
APRIL MCIVER	EXECUTIVE DIRECTOR	40.00	Officer	$180,500	$29,542	$210,042
TERENCE O'BRIEN	SENIOR DIRECTOR	12.00	Officer	$0	$93,282	$467,362

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	$1,481,926	$1,055,673	$4,399,796	$426,253
2023	$1,671,543	$1,697,022	$3,985,064	$-25,479
2022	$1,613,353	$1,312,597	$3,984,498	$300,756
2021	$1,609,385	$794,298	$3,734,232	$815,087
2020	$1,317,731	$964,493	$2,929,404	$353,238
2019	$1,698,822	$1,504,000	$2,576,166	$194,822
2018	$1,292,322	$686,904	$2,381,344	$605,418

THE PLUMBING FOUNDATION CITY OF NEW YORK INC