PLUMBERS AND PIPEFITTERS LOCAL 502 (EIN 200512028) - 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

2003

Legal Domicile

Principal Officer

ANTHONY S LEWIS

Tax Period

2024-08-01 to 2025-07-31

PLUMBERS AND PIPEFITTERS LOCAL 502, founded in 2003, is a mid-sized nonprofit that reported $12.3M in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. The organization ran a surplus of $4.4M, a strong 36% operating margin.

Mission

LABOR UNION - TO COLLECTIVELY BARGAIN FOR FAIR COMPENSATION FOR ITS MEMBERS

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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 $14,394

Program Service Revenue $11,437,722

Investment Income $414,524

Other Revenue $421,739

TOTAL REVENUE $12,288,379

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,315,479

Fundraising Expenses $0

Program Expenses $7,863,070

Other Expenses $6,406,060

TOTAL EXPENSES $7,863,070

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,288,379	$14,160,994	-0.1%
Expenses	$7,863,070	$7,164,977	+0.1%
Net Income	$4,425,309	$6,996,017	-0.4%

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

2077

Independent Members

N/A

Employees

Volunteers

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

$501,667

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTHONY S LEWIS	BUSINESS MAN	40.00	Officer	$138,171	$0	$138,171
ERIK ELZY	BUSINESS AGE	40.00	Officer	$124,354	$0	$124,354
JAMES K JESSE	BUSINESS AGE	40.00	Officer	$119,571	$0	$119,571
RYAN KLEBER	BUSINESS AGE	40.00	Officer	$119,571	$0	$119,571
ERIC BAUM	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
JOSEPH FORD	PRESIDENT	N/A	Officer 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	$12,288,379	$7,863,070	$29,477,210	$4,425,309
2024	$14,160,994	$7,164,977	$25,021,264	$6,996,017
2023	$7,652,103	$5,611,226	$18,763,780	$2,040,877
2022	$5,980,619	$5,719,987	$16,867,007	$260,632
2021	$5,320,082	$5,590,414	$17,195,216	$-270,332
2020	$5,423,691	$5,525,189	$17,257,343	$-101,498

PLUMBERS AND PIPEFITTERS LOCAL 502