Steamfitters' Industry Vacation Plan

EIN: 136149682

Long Island City, NY

Total Revenue
$28,207,228
Total Expenses
$28,009,853
Total Assets
$9,283,424
Net Assets
$503,947
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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
1953
Legal Domicile
NY
Phone
2124658888
Tax Period
2024-01-01 to 2024-12-31

Steamfitters' Industry Vacation Plan, founded in 1953, is a mid-sized nonprofit that reported $28.2M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

It is a multi-employer plan funded by employer contri. in accordance with the collective bargaining agreement. It was established to receive contri. from employers and to pay to each participants benefits.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $27,782,053
Investment Income $373,981
Other Revenue $51,194
TOTAL REVENUE $28,207,228

Expense Breakdown

Grants Paid $0
Salaries & Benefits $121,625
Fundraising Expenses $0
Program Expenses $27,782,053
Other Expenses $106,175
TOTAL EXPENSES $28,009,853

Year-over-Year Comparison

2024 2023 Change
Revenue $28,207,228 $24,715,962 +0.1%
Expenses $28,009,853 $24,624,617 +0.1%
Net Income $197,375 $91,345 +1.2%
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

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Governance

Voting Members
6
Independent Members
6
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
1
$505,495
Total Directors
9
$0
Key Employees
2
$543,901
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
William J Turnbull Executive Administrator 001.00
Officer
$11,604 $41,320 $505,495
Daniel Knights Education Director N/A
Highest
$0 $65,552 $295,633
James Ippolito Assistant Administrator 001.00
Key Emp
$9,357 $41,320 $275,233
Jason Grecco Education Instructor N/A
Highest
$0 $84,732 $273,407
Nicholas Magna Education Instructor N/A
Highest
$0 $83,917 $270,787
James C White Assistant Administrator 001.00
Key Emp
$11,367 $41,320 $268,668
Stephen Powers Education Instructor N/A
Highest
$0 $82,341 $265,567
Matthew Pizzo Education Instructor N/A
Highest
$0 $80,716 $260,161
Robert Bartels Jr Trustee 002.00
Director
$0 $0 $0
Brian Kearney Jr Trustee 002.00
Director
$0 $0 $0
Ray Goger Trustee 002.00
Director
$0 $0 $0
Timothy Sullivan Trustee 002.00
Director
$0 $0 $0
Anthony Saporito Trustee 002.00
Director
$0 $0 $0
Shane McMorrow Trustee 002.00
Director
$0 $0 $0
Ralph Montuoro Jr Trustee 002.00
Director
$0 $0 $0
Joseph Furelli Trustee 002.00
Director
$0 $0 $0
Marcel Ramalho 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 $28,207,228 $28,009,853 $9,283,424 $197,375
2023 $24,715,962 $24,624,617 $8,020,368 $91,345
2022 $24,287,414 $24,103,315 $7,494,633 $184,099
2021 $25,783,921 $25,859,144 $8,112,923 $-75,223
2020 $25,400,717 $25,454,963 $8,892,331 $-54,246
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