PLUMBERS AND STEAMFITTERS LOCAL 322 EDUCATION FUND (EIN 216019362) - 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

1951

Legal Domicile

Principal Officer

JOHN SHALOO

Phone

6095673322

Tax Period

2024-05-01 to 2025-04-30

PLUMBERS AND STEAMFITTERS LOCAL 322 EDUCATION FUND, founded in 1951, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

THE FUND PROVIDES INSTRUCTION, EDUCATION AND TRAINING FOR APPRENTICES AND JOURNEYMEN IN THE PLUMBING, STEAMFITTING, HEATING AND AIR CONDITIONING INDUSTRIES IN THE SOUTHERN NEW JERSEY AREA.

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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 $36,707

Program Service Revenue $1,435,169

Investment Income $60,735

Other Revenue $0

TOTAL REVENUE $1,532,611

Expense Breakdown

Grants Paid $0

Salaries & Benefits $942,246

Fundraising Expenses $0

Other Expenses $625,291

TOTAL EXPENSES $1,567,537

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,532,611	$1,392,671	+0.1%
Expenses	$1,567,537	$1,453,684	+0.1%
Net Income	$-34,926	$-61,013	-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

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

$256,039

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF DOLAN	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
DANIEL FALASCA III	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
DAVE MCCLOSKEY	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
DAVID BRUCE	UNION TRUSTEE	2.00	Director	$0	$0	$0
STEPHEN COURANT	UNION TRUSTEE	2.00	Director	$0	$0	$0
GEORGE YOUNG	UNION TRUSTEE	2.00	Director	$0	$0	$0
JOHN SHALOO	ADMINISTRATOR	10.00	Officer	$15,536	$100,679	$256,039
JOHN BIDINGER	INSTRUCTOR	40.00	Highest	$156,456	$117,637	$274,093
GARY MCCLOSKEY	INSTRUCTOR	40.00	Highest	$128,261	$106,955	$235,216
FRANCIS FOLTZ	INSTRUCTOR	40.00	Highest	$127,978	$106,778	$234,756

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	$1,532,611	$1,567,537	$1,646,792	$-34,926
2024	$1,392,671	$1,453,684	$1,674,174	$-61,013
2023	$1,309,454	$1,433,052	$1,738,583	$-123,598
2022	$1,066,938	$1,451,221	$1,862,317	$-384,283
2021	$1,242,110	$1,348,793	$2,244,561	$-106,683
2020	$1,491,918	$1,499,555	$2,376,223	$-7,637
2019	$1,673,013	$1,488,322	$2,375,721	$184,691
2018	$1,397,413	$1,321,499	$2,222,006	$75,914

PLUMBERS AND STEAMFITTERS LOCAL 322 EDUCATION FUND