LOCAL 773 PLUMBERS & STEAMFITTERS APPRENTICESHIP FUND (EIN 141548145) - 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

1970

Legal Domicile

Principal Officer

MICHAEL JARVIS JR

Phone

5187929157

Tax Period

2024-01-01 to 2024-12-31

LOCAL 773 PLUMBERS & STEAMFITTERS APPRENTICESHIP FUND, founded in 1970, is a small nonprofit in the Employment sector that reported $820K in total revenue in fiscal year 2024. Expenses of $726K left a modest 12% surplus.

Mission

TO PROVIDE TRAINING, TESTING AND CERTIFICATION PROGRAMS FOR MEMBERS OF LOCAL 773.

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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 $401,102

Investment Income $404,426

Other Revenue $14,672

TOTAL REVENUE $820,200

Expense Breakdown

Grants Paid $0

Salaries & Benefits $250,049

Fundraising Expenses $0

Program Expenses $495,937

Other Expenses $475,685

TOTAL EXPENSES $725,734

Year-over-Year Comparison

	2024	2023	Change
Revenue	$820,200	$798,753	+0.0%
Expenses	$725,734	$738,969	0.0%
Net Income	$94,466	$59,784	+0.6%

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

Total Directors

$10,541

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL JARVIS	CHAIRMAN	5.00	Officer Director	$0	$0	$0
RONALD F GORDON	TRUSTEE	5.00	Director	$7,638	$0	$7,638
TERRY L BROWN	TRUSTEE	5.00	Director	$2,903	$0	$2,903
ERIC WRIGHT	TRUSTEE	5.00	Director	$0	$0	$0
DAN KEATING	TRUSTEE	5.00	Director	$0	$0	$0
MARK COLLINS	TRUSTEE	5.00	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	$820,200	$725,734	$8,064,145	$94,466
2023	$798,753	$738,969	$7,646,221	$59,784
2022	$877,133	$806,759	$7,093,412	$70,374
2021	$1,307,944	$724,846	$7,965,161	$583,098
2020	$887,515	$699,242	$7,299,600	$188,273
2019	$661,365	$760,232	$6,734,301	$-98,867
2018	$1,179,763	$797,152	$6,105,071	$382,611

LOCAL 773 PLUMBERS & STEAMFITTERS APPRENTICESHIP FUND