Plumbers & Pipefitters Local No 104 JATC (EIN 222889994) - 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

1980

Legal Domicile

Principal Officer

Stephen Bradley

Tax Period

2023-08-01 to 2024-07-31

Plumbers & Pipefitters Local No 104 JATC, founded in 1980, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $226K, a strong 22% operating margin.

Mission

The plan is responsible for administering Joint Apprenticeship and Training funds for union members in Hampshire, Hampden, Berkshire, and Franklin counties in Massachusetts as well as Windham County in Vermont.

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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 $937,089

Program Service Revenue $0

Investment Income $14,665

Other Revenue $54,647

TOTAL REVENUE $1,006,401

Expense Breakdown

Grants Paid $0

Salaries & Benefits $243,421

Fundraising Expenses $0

Program Expenses $626,058

Other Expenses $537,224

TOTAL EXPENSES $780,645

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,006,401	$1,283,089	-0.2%
Expenses	$780,645	$744,865	+0.0%
Net Income	$225,756	$538,224	-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

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

$403,339

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael Langone	Trustee	1.00	Director	$0	$88,011	$192,420
Stephen Bradley	Training Direc.	40.00	Director	$4,122	$83,521	$191,452
William Prince	Trustee	1.00	Director	$7,334	$0	$9,760
Patrick McGaffigan	Trustee	1.00	Director	$0	$0	$9,707
Jeff Grodsky	Trustee	1.00	Director	$0	$0	$0
David Riel	Trustee	1.00	Director	$0	$0	$0
Paul Wing	Trustee	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	$1,006,401	$780,645	$4,379,797	$225,756
2023	$1,283,089	$744,865	$5,027,013	$538,224
2022	$882,015	$704,950	$4,536,128	$177,065
2021	$1,318,063	$676,304	$4,639,654	$641,759
2020	$751,777	$319,821	$3,588,602	$431,956
2019	$1,289,693	$376,687	$1,756,496	$913,006
2018	$547,220	$414,427	$774,523	$132,793

Plumbers & Pipefitters Local No 104 JATC