PLUMBERS & STEAMFITTERS LOCAL 21 (EIN 133964242) - 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

1997

Legal Domicile

Principal Officer

THOMAS W O'BRIEN

Phone

9147372166

Tax Period

2024-01-01 to 2024-12-31

PLUMBERS & STEAMFITTERS LOCAL 21, founded in 1997, is a community nonprofit that reported $4.3M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $4.0M left a modest 7% surplus.

Mission

REPRESENTATION OF WORKERS 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 (2024)

Revenue Breakdown

Contributions & Grants $3,944,609

Program Service Revenue $0

Investment Income $127,316

Other Revenue $224,994

TOTAL REVENUE $4,296,919

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,701,112

Fundraising Expenses $0

Other Expenses $2,257,393

TOTAL EXPENSES $3,983,957

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,296,919	$3,801,781	+0.1%
Expenses	$3,983,957	$3,813,347	+0.0%
Net Income	$312,962	$-11,566	-28.1%

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

$1,416,769

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	$163,232	$138,065	$301,297
SEAN CAREY	BUSINESS AGENT	43.00	Officer	$148,947	$129,096	$278,043
JOHN MCCRUDDEN JR	BUSINESS AGENT	43.00	Officer	$148,947	$130,196	$279,143
DON CALABRESE	BUSINESS AGENT/REC SECRETARY	43.00	Officer	$148,947	$130,196	$279,143
CRAIG STRASSER	BUSINESS AGENT	43.00	Officer	$148,947	$130,196	$279,143
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
JOE 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
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

PLUMBERS & STEAMFITTERS LOCAL 21