PLUMBING INDUSTRY PROMOTION FUND OF NEW YORK CITY (EIN 136272083) - 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

1968

Legal Domicile

Principal Officer

TERENCE O'BRIEN

Phone

2124811490

Tax Period

2024-01-01 to 2024-12-31

PLUMBING INDUSTRY PROMOTION FUND OF NEW YORK CITY, founded in 1968, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2024. Expenses of $3.0M exceeded revenue, resulting in a 41% operating deficit.

Mission

INDUSTRY ADVOCACY AND PROMOTION.

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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 $0

Program Service Revenue $2,035,670

Investment Income $107,065

Other Revenue $0

TOTAL REVENUE $2,142,735

Expense Breakdown

Grants Paid $155,000

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $2,872,653

TOTAL EXPENSES $3,027,653

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,142,735	$2,148,699	0.0%
Expenses	$3,027,653	$2,441,296	+0.2%
Net Income	$-884,918	$-292,597	+2.0%

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

$467,362

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS MANIUSZKO	CHAIRMAN	1.00	Officer Director	$0	$0	$0
VINCENT ASPROMONTE SR	SECRETARY	1.00	Officer Director	$0	$0	$0
VINCENT GAMBA	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
CHRISTOPHER STRNAD	TRUSTEE	1.00	Director	$0	$0	$0
NICK COVINO	TRUSTEE	1.00	Director	$0	$0	$0
EUGENE BOCCIERI	TRSUTEE	1.00	Director	$0	$0	$0
TERENCE O'BRIEN	ADMINISTRATOR	4.00	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	$2,142,735	$3,027,653	$3,403,265	$-884,918
2023	$2,148,699	$2,441,296	$4,241,984	$-292,597
2022	$2,233,552	$2,295,653	$4,466,232	$-62,101
2021	$2,440,419	$2,248,508	$4,563,138	$191,911
2020	$2,345,586	$2,265,943	$4,384,929	$79,643
2019	$2,841,221	$2,006,030	$4,399,008	$835,191
2018	$2,857,066	$2,042,397	$3,483,269	$814,669

PLUMBING INDUSTRY PROMOTION FUND OF NEW YORK CITY