PIPEFITTERS LOCAL UNION NO 274 EDUCATION FUND (EIN 226092927) - 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

1967

Phone

9736013828

Tax Period

2023-01-01 to 2023-12-31

PIPEFITTERS LOCAL UNION NO 274 EDUCATION FUND, founded in 1967, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 20% from the prior year, signaling strong growth momentum. Expenses of $1.1M left a modest 9% surplus.

Mission

Provide apprenticeship training and continuing education for journeymen for eligible participants.

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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 $1,057,762

Investment Income $49,531

Other Revenue $69,856

TOTAL REVENUE $1,177,149

Expense Breakdown

Grants Paid $0

Salaries & Benefits $475,328

Fundraising Expenses $0

Program Expenses $935,618

Other Expenses $598,943

TOTAL EXPENSES $1,074,271

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,177,149	$977,321	+0.2%
Expenses	$1,074,271	$1,041,962	+0.0%
Net Income	$102,878	$-64,641	-2.6%

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

$608,233

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Edward Driscoll	Trustee	1.00	Director	$0	$126,369	$311,716
Chester Rozmus	Trustee	1.00	Director	$0	$123,929	$296,517
Donald Bryne	Coordinator	40.00		$148,452	$82,083	$230,535
Daniel Fanuel	Instructor	40.00		$135,664	$82,083	$217,747
Daniel McLeavey	Trustee	0.00	Director	$0	$0	$0
Phillip Petillo	Trustee	1.00	Director	$0	$0	$0
Robert Durr	Trustee	1.00	Director	$0	$0	$0
Richard Tomaiko	Trustee	0.00	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	$1,177,149	$1,074,271	$8,438,037	$102,878
2022	$977,321	$1,041,962	$8,281,624	$-64,641
2021	$1,090,949	$976,251	$8,337,469	$114,698
2020	$1,076,327	$1,022,442	$8,231,560	$53,885
2019	$1,355,321	$985,663	$8,181,555	$369,658
2018	$1,080,924	$938,364	$7,810,065	$142,560

PIPEFITTERS LOCAL UNION NO 274 EDUCATION FUND