LOCAL 773 PLUMBERS & STEAMFITTERS … - Form 990 Financial Data

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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

2025-01-01 to 2025-12-31

LOCAL 773 PLUMBERS & STEAMFITTERS APPRENTICESHIP FUND, founded in 1970, is a small nonprofit in the Employment sector that reported $882K in total revenue in fiscal year 2025. The organization ran a surplus of $167K, a strong 19% operating margin.

Mission

NONE

Program Service Accomplishments

Program 1

Expenses: $480,509

TO PROVIDE TRAINING, TESTING AND CERTIFICATION PROGRAMS TO 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 (2025)

Revenue Breakdown

Contributions & Grants $24,728

Program Service Revenue $429,228

Investment Income $418,007

Other Revenue $9,754

TOTAL REVENUE $881,717

Expense Breakdown

Grants Paid $0

Salaries & Benefits $270,579

Fundraising Expenses $0

Program Expenses $480,509

Other Expenses $444,092

TOTAL EXPENSES $714,671

Year-over-Year Comparison

	2025	2024	Change
Revenue	$881,717	$820,200	+0.1%
Expenses	$714,671	$725,734	0.0%
Net Income	$167,046	$94,466	+0.8%

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

$6,594

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	$6,594	$0	$6,594
TERRY L BROWN	TRUSTEE	5.00	Director	$0	$0	$0
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
2025	$881,717	$714,671	$8,837,464	$167,046
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