STEAMFITTERS LOCAL UNION #475

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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

1904

Legal Domicile

Principal Officer

SHAUN P SULLIVAN

Phone

9087541030

Tax Period

2023-01-01 to 2023-12-31

STEAMFITTERS LOCAL UNION #475, founded in 1904, is a community nonprofit that reported $3.6M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $562K, a strong 16% operating margin.

Mission

THE STEAMFITTERS LOCAL UNION #475 PROTECTS AND PROMOTES THE INTERESTS OF ITS MEMBERS THROUGH COLLECTIVE BARGAINING AGREEMENTS WITH PARTICIPATING EMPLOYERS IN AN ATTEMPT TO PROVIDE BETTER WORKING CONDITIONS FOR ITS MEMBERS.

Program Service Accomplishments

Program 1

THE STEAMFITTERS LOCAL UNION #475 PROTECTS AND PROMOTES THE INTERESTS OF ITS MEMBERS THROUGH COLLECTIVE BARGAINING AGREEMENTS WITH PARTICIPATING EMPLOYERS IN AN ATTEMPT TO PROVIDE BETTER WORKING...

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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 $383,692

Program Service Revenue $2,968,687

Investment Income $113,841

Other Revenue $102,660

TOTAL REVENUE $3,568,880

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,654,850

Fundraising Expenses $0

Other Expenses $1,351,730

TOTAL EXPENSES $3,006,580

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,568,880	$3,247,617	+0.1%
Expenses	$3,006,580	$2,892,370	+0.0%
Net Income	$562,300	$355,247	+0.6%

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

N/A

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

$1,468,693

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHAUN SULLIVAN	BUSINESS MANAGER/FST	40.00	Officer	$185,457	$167,052	$352,509
THOMAS MANNING	BUSINESS AGENT	40.00	Officer	$177,246	$161,764	$339,010
JONATHAN SINNOTT	BUSINESS AGENT	40.00	Officer	$174,732	$161,764	$336,496
TIMOTHY MCCONWAY	BUSINESS AGENT	40.00	Officer	$174,413	$161,764	$336,177
JEFFREY STIEH	PRESIDENT	2.00	Officer	$3,292	$0	$3,292
JOSEPH DOUGHERTY III	RECORDING SECRETARY	2.00	Officer	$4,887	$0	$4,887
DAVID KIRGAN	FORMER ORGANIZER	40.00	Officer	$44,329	$35,635	$79,964
ROBERT DAVID STEVELY III	E. BOARD MEMBER	2.00	Officer	$3,241	$0	$3,241
ANDREW MURPHY	E. BOARD MEMBER	2.00	Officer	$3,292	$0	$3,292
MICHAEL HIGGINS	E. BOARD MEMBER	2.00	Officer	$3,292	$0	$3,292
ANTHONY BALLETTA	VICE PRESIDENT	2.00	Officer	$3,292	$0	$3,292
JEREMY SAVACOOL	E. BOARD MEMBER	2.00	Officer	$3,241	$0	$3,241
EDWARD CERRACCHIO	SERGEANT-AT-ARMS	2.00	Officer	$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	$3,568,880	$3,006,580	$4,450,189	$562,300
2022	$3,247,617	$2,892,370	$3,897,770	$355,247
2021	$3,135,138	$2,746,641	$4,024,515	$388,497
2020	$2,728,542	$2,541,112	$3,417,169	$187,430
2019	$2,720,938	$2,586,583	$3,196,521	$134,355
2018	$2,624,875	$2,629,910	$2,914,952	$-5,035