PLUMBERS LOCAL 24 EDUCATION FUND

EIN: 226093367 501(c)(3) Employment

WEST CALDWELL, NJ

Total Revenue
$1,448,435
Total Expenses
$1,078,493
Total Assets
$7,079,840
Net Assets
$7,045,565
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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
1977
Legal Domicile
NJ
Principal Officer
JONATHAN D LEVINE
Phone
9735217058
Tax Period
2023-05-01 to 2024-04-30

PLUMBERS LOCAL 24 EDUCATION FUND, founded in 1977, is a community nonprofit in the Employment sector that reported $1.4M in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $370K, a strong 26% operating margin.

Mission

PROVIDE APPRENTICE 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,335,187
Investment Income $113,248
Other Revenue $0
TOTAL REVENUE $1,448,435

Expense Breakdown

Grants Paid $0
Salaries & Benefits $541,162
Fundraising Expenses $0
Program Expenses $906,585
Other Expenses $537,331
TOTAL EXPENSES $1,078,493

Year-over-Year Comparison

2023 2022 Change
Revenue $1,448,435 $1,335,847 +0.1%
Expenses $1,078,493 $1,086,957 0.0%
Net Income $369,942 $248,890 +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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
10
Independent Members
10
Employees
32
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
$1,476,507
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROSHAN WHITE TRUSTEE 1.00
Director
$0 $119,941 $301,931
KERMIT HARTMAN TRUSTEE 1.00
Director
$0 $118,901 $293,814
SALVATORE SIMONETTI JR TRUSTEE 1.00
Director
$0 $119,421 $295,551
PHILLIP PETILLO TRUSTEE 1.00
Director
$0 $0 $0
SALVATORE FICHERA TRUSTEE 1.00
Director
$0 $0 $0
PATRICK KELLEHER TRUSTEE 1.00
Director
$0 $118,901 $292,088
CHADRICK GARRIS TRUSTEE 1.00
Director
$0 $118,901 $293,123
ROBERT ARMISTEAD TRUSTEE 1.00
Director
$0 $0 $0
CHRISTOPHER H SNYDER TRUSTEE 1.00
Director
$0 $0 $0
Nelson Zebransky Jr TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL QUINN INSTRUCTOR 40.00
Highest
$144,843 $79,664 $224,507
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 No data No data No data No data
2024 $1,448,435 $1,078,493 $7,079,840 $369,942
2023 $1,335,847 $1,086,957 $6,678,001 $248,890
2022 $1,216,833 $964,920 $6,425,557 $251,913
2021 $1,494,790 $1,142,777 $6,211,231 $352,013
2020 $1,462,578 $1,271,045 $5,860,674 $191,533
2019 $1,495,720 $1,151,100 $5,648,100 $344,620
2018 $1,455,386 $1,091,493 $5,276,544 $363,893
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