PLUMBERS & STEAMFITTERS LOCAL 81 J… - 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

1889

Legal Domicile

Principal Officer

GREG LANCETTE

Phone

3154377397

Tax Period

2023-01-01 to 2023-12-31

PLUMBERS & STEAMFITTERS LOCAL 81 JOINT APPRENTICESHIP TRAINING COMMITTEE, founded in 1889, is a community nonprofit in the Employment sector that reported $2.5M in total revenue in fiscal year 2023. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $660K, a strong 27% operating margin.

Mission

TO PROVIDE TRAINING AND EDUCATION TO MEMBERS OF UA LOCAL 81.

Program Service Accomplishments

Program 1

Expenses: $1,565,593 Revenue: $2,737,317

FUNDS ARE COLLECTED FROM PARTICIPATING EMPLOYERS FOR PAYMENT OF EXPENSES IN CONNECTION WITH THE OPERATION OF TRAINING FACILITIES FOR APPRENTICES AND JOURNEYMEN OF UA LOCAL 81.

Program 2

Expenses: $43,396 Revenue: $18,800

THE ORGANIZATION OWNS AND MAINTAINS BUILDINGS IN SYRACUSE AND ITHACA, NEW YORK. THESE FACILITIES ARE USED TO HOUSE THE TRAINING ACTIVITIES OF THE ORGANIZATION AND ARE ALSO RENTED TO AFFILIATED...

THE ORGANIZATION OWNS AND MAINTAINS BUILDINGS IN SYRACUSE AND ITHACA, NEW YORK. THESE FACILITIES ARE USED TO HOUSE THE TRAINING ACTIVITIES OF THE ORGANIZATION AND ARE ALSO RENTED TO AFFILIATED ORGANIZATIONS AND OTHER RELATED TRAINING FUNDS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,276,462

Investment Income $68,511

Other Revenue $138,302

TOTAL REVENUE $2,483,275

Expense Breakdown

Grants Paid $0

Salaries & Benefits $922,731

Fundraising Expenses $0

Program Expenses $1,608,989

Other Expenses $900,761

TOTAL EXPENSES $1,823,492

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,483,275	$1,820,087	+0.4%
Expenses	$1,823,492	$1,747,135	+0.0%
Net Income	$659,783	$72,952	+8.0%

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

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

$1,260,170

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREGORY R LANCETTE	TRUSTEE	2.00	Director	$0	$88,509	$242,662
GERALD MORLEY JR	TRUSTEE	2.00	Director	$0	$83,501	$217,511
BRADLEY WARD	TRUSTEE	2.00	Director	$0	$83,501	$217,623
PATRICK CARROLL	TRUSTEE	2.00	Director	$0	$85,746	$227,214
MARCO BERTRON	TRUSTEE	2.00	Director	$0	$0	$0
AARON DEBOLT	PAST DIRECTOR OF TRAINING	40.00	Director	$28,280	$14,862	$43,142
ERIC SAUNDERS	TRUSTEE	2.00	Director	$0	$83,780	$217,790
STEVE PERRY	TRUSTEE	2.00	Director	$0	$0	$0
GEOFF HALL	TRUSTEE	2.00	Director	$0	$0	$0
KEVIN JUNG	TRUSTEE	2.00	Director	$0	$0	$0
MARK STRAUB	TRUSTEE	2.00	Director	$0	$0	$0
TIM RICE	TRUSTEE	2.00	Director	$0	$0	$0
THOMAS HAYWARD	DIRECTOR OF TRAINING	40.00	Director	$73,375	$20,119	$94,228

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	No data	No data	No data	No data
2023	$2,483,275	$1,823,492	$4,513,739	$659,783
2022	$1,820,087	$1,747,135	$3,590,583	$72,952
2021	$1,766,460	$1,593,358	$3,870,324	$173,102
2020	$1,218,281	$1,132,801	$3,301,719	$85,480
2019	$1,283,328	$1,137,269	$3,034,681	$146,059
2018	$917,612	$1,063,982	$2,672,688	$-146,370

PLUMBERS & STEAMFITTERS LOCAL 81 JOINT APPRENTICESHIP TRAINING COMMITTEE