PLUMBERS FIFTY-FIVE REALTY CORP (EIN 203819611) - 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

1957

Legal Domicile

Principal Officer

MIKE REDLIN

Phone

2164590099

Tax Period

2023-01-01 to 2023-12-31

PLUMBERS FIFTY-FIVE REALTY CORP, founded in 1957, is a small nonprofit in the Community Improvement sector that reported $236K in total revenue in fiscal year 2023. Expenses of $317K exceeded revenue, resulting in a 34% operating deficit.

Mission

REAL ESTATE HOLDING COMPANY FOR THE JOURNEYMEN PLUMBERS UNION LOCAL #55 (CONTINUED ON SCHEDULE O)OF THE UNITED ASSOCIATION PLUMBERS AND PIPEFITTERS.

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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 $235,732

Investment Income $0

Other Revenue $0

TOTAL REVENUE $235,732

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $316,853

TOTAL EXPENSES $316,853

Year-over-Year Comparison

	2023	2022	Change
Revenue	$235,732	$236,859	0.0%
Expenses	$316,853	$270,696	+0.2%
Net Income	$-81,121	$-33,837	+1.4%

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

Independent Members

Employees

N/A

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

$5,601

Total Directors

$5,601

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE REDLIN	PRESIDENT	1.00	Officer Director	$0	$0	$5,601
ALEX OSMIC	BOARD MEMBER	1.00	Director	$0	$0	$0
JENNIFER SCHULTZ	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRIS THAXTON	BOARD MEMBER	1.00	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	No data	No data	No data	No data
2023	$235,732	$316,853	$1,883,174	$-81,121
2022	$236,859	$270,696	$1,964,295	$-33,837
2021	$355,815	$249,817	$1,998,132	$105,998
2020	$230,765	$213,191	$1,892,134	$17,574
2019	$254,131	$276,297	$1,874,560	$-22,166
2018	$238,869	$213,827	$1,896,726	$25,042

PLUMBERS FIFTY-FIVE REALTY CORP