PLUMBERS & STEAMFITTERS LOCAL 21

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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

1997

Legal Domicile

Principal Officer

THOMAS W O'BRIEN

Phone

9147372166

Tax Period

2025-01-01 to 2025-12-31

PLUMBERS & STEAMFITTERS LOCAL 21, founded in 1997, is a community nonprofit that reported $3.6M in total revenue in fiscal year 2025. Revenue decreased 17% compared to the prior year. Net assets of $8.0M represent 27 months of operating reserves.

Mission

REPRESENTATION OF WORKERS.

Program Service Accomplishments

Program 1

ORGANIZING AND NEGOTIATING FUNCTIONS OF THE UNION TO PROVIDE JOB OPPORTUNITIES TO MEMBERS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $3,110,586

Program Service Revenue $0

Investment Income $204,391

Other Revenue $248,955

TOTAL REVENUE $3,563,932

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,648,987

Fundraising Expenses $0

Other Expenses $1,920,971

TOTAL EXPENSES $3,583,458

Year-over-Year Comparison

	2025	2024	Change
Revenue	$3,563,932	$4,296,919	-0.2%
Expenses	$3,583,458	$3,983,957	-0.1%
Net Income	$-19,526	$312,962	-1.1%

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

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

$1,410,066

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS W O'BRIEN	BUSINESS MANAGER	43.00	Officer	$163,164	$136,398	$299,562
SEAN CAREY	BUSINESS AGENT/TREASURER	43.00	Officer	$149,015	$128,611	$277,626
JOHN MCCRUDDEN JR	BUSINESS AGENT	43.00	Officer	$149,015	$128,611	$277,626
DON CALABRESE	BUSINESS AGENT/REC SEC	43.00	Officer	$149,015	$128,611	$277,626
CRAIG STRASSER	BUSINESS AGENT	43.00	Officer	$149,015	$128,611	$277,626
NICK CASSETTA	PRESIDENT	5.00	Officer	$0	$0	$0
JOSEPH FORINTOS	VICE PRESIDENT	5.00	Officer	$0	$0	$0
MIKE ZOTTOLA	TREASURER	5.00	Officer	$0	$0	$0
MICHAEL C SWEENEY	EXECUTIVE BOARD	5.00	Officer	$0	$0	$0
JOSEPH MOLELLA	EXECUTIVE BOARD	5.00	Officer	$0	$0	$0
JOSEPH PISCANI	EXECUTIVE BOARD	5.00	Officer	$0	$0	$0
MICHAEL NICKERSON	EXECUTIVE BOARD	5.00	Officer	$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
2025	$3,563,932	$3,583,458	$8,456,115	$-19,526
2024	$4,296,919	$3,983,957	$8,392,991	$312,962
2023	$3,801,781	$3,813,347	$8,113,702	$-11,566
2022	$3,416,116	$3,269,513	$7,999,055	$146,603
2021	$3,346,144	$3,484,728	$8,186,019	$-138,584
2020	$3,683,080	$3,177,444	$8,385,433	$505,636
2019	$5,522,053	$2,738,190	$7,855,532	$2,783,863
2018	$3,716,427	$2,496,348	$5,033,131	$1,220,079