STEAMFITTERS LOCAL UNION #475 EDUCATION FUND

EIN: 226033161 501(c)(3)

WARREN, NJ

Total Revenue
$1,040,714
Total Expenses
$1,187,462
Total Assets
$2,137,743
Net Assets
$2,100,855
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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
1953
Legal Domicile
NJ
Principal Officer
KIM DEVIZIO
Phone
9087541032
Tax Period
2023-01-01 to 2023-12-31

STEAMFITTERS LOCAL UNION #475 EDUCATION FUND, founded in 1953, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $1.2M exceeded revenue, resulting in a 14% operating deficit.

Mission

TO PROVIDE EDUCATION AND TRAINING TO MEMBERS AND APPRENTICEES.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $943,617
Investment Income $66,288
Other Revenue $30,809
TOTAL REVENUE $1,040,714

Expense Breakdown

Grants Paid $0
Salaries & Benefits $779,464
Fundraising Expenses $0
Program Expenses $1,041,930
Other Expenses $407,998
TOTAL EXPENSES $1,187,462

Year-over-Year Comparison

2023 2022 Change
Revenue $1,040,714 $870,986 +0.2%
Expenses $1,187,462 $1,151,972 +0.0%
Net Income $-146,748 $-280,986 -0.5%
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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Governance

Voting Members
10
Independent Members
N/A
Employees
8
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
0
$0
Total Directors
10
$1,369,871
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHAUN P SULLIVAN EMPLOYEE TRUSTEE 0.50
Director
$0 $167,052 $352,509
TIMOTHY MCCONWAY EMPLOYEE TRUSTEE 0.50
Director
$0 $161,764 $336,177
JONATHAN SINNOTT EMPLOYEE TRUSTEE 0.50
Director
$0 $161,764 $336,496
ROBERT B SNYDER JR EMPLOYER TRUSTEE 0.50
Director
$0 $0 $0
MARTY J DROBNY EMPLOYER TRUSTEE 0.50
Director
$0 $0 $0
RICHARD TOMAIKO EMPLOYER TRUSTEE 0.50
Director
$0 $0 $0
ERIC EVANS EMPLOYER TRUSTEE 0.50
Director
$0 $0 $0
JEFF DIPANO EMPLOYER TRUSTEE 0.50
Director
$0 $0 $0
THOMAS MANNING EMPLOYEE TRUSTEE 0.50
Director
$0 $161,764 $339,010
JAMES CAFFREY EMPLOYEE TRUSTEE 0.50
Director
$0 $2,101 $5,679
KIM DEVIZIO FUND ADMINISTRATOR 1.00
Highest
$0 $83,255 $210,606
ROBERT J SHERLOCK TRAINING INSTRUCTOR 40.00
Highest
$151,058 $98,716 $249,774
TIMOTHY JAMES MURPHY TRAINING INSTRUCTOR 40.00
Highest
$140,373 $88,088 $228,461
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 $1,040,714 $1,187,462 $2,137,743 $-146,748
2022 $870,986 $1,151,972 $2,266,752 $-280,986
2021 $1,306,676 $1,086,877 $2,551,703 $219,799
2020 $1,330,238 $1,051,856 $2,436,215 $278,382
2019 $1,221,481 $1,128,130 $2,074,628 $93,351
2018 $1,332,956 $1,089,365 $1,972,265 $243,591
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