STEAMFITTERS LOCAL UNION NO 420 (EIN 231173155) - 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

1942

Legal Domicile

Principal Officer

JAMES J SNELL

Phone

2673504200

Tax Period

2023-07-01 to 2024-06-30

STEAMFITTERS LOCAL UNION NO 420, founded in 1942, is a mid-sized nonprofit that reported $17.2M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $3.0M, a strong 18% operating margin.

Mission

THE PRINCIPAL PURPOSE OF STEAMFITTERS LOCAL UNION NO. 420 OF THE UNITED ASSOCIATION OF JOURNEYMEN AND APPRENTICES OF THE PLUMBING AND PIPEFITTING INDUSTRY OF THE UNITED STATES AND CANADA IS TO ELEVATE THE TRADES OF STEAMFITTING/PIPEFITTING INCLUDING HEATING, VENTILATION, AIR CONDITIONING, INSTRUMENT CALIBRATION, VALVE REPAIR, ENERGY MANAGEMENT AND SERVICE AND MAINTENANCE AND TO ASSIST ITS MEMBERS IN SECURING AND STABILIZING EMPLOYMENT. THE UNION REPRESENTS STEAMFITTERS IN NEGOTIATIONS WITH EMPLOYERS IN THE PHILADELPHIA AREA AND THE GREATER LEHIGH VALLEY IN PENNSYLVANIA. THE LOCAL LABOR UNION CONSISTS OF APPROXIMATELY 4,441 MEMBERS INCLUDING RETIREES.

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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 $225,000

Program Service Revenue $15,862,219

Investment Income $271,780

Other Revenue $889,441

TOTAL REVENUE $17,248,440

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,105,183

Fundraising Expenses $0

Other Expenses $8,110,394

TOTAL EXPENSES $14,217,577

Year-over-Year Comparison

	2023	2022	Change
Revenue	$17,248,440	$15,036,765	+0.1%
Expenses	$14,217,577	$14,411,353	0.0%
Net Income	$3,030,863	$625,412	+3.8%

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

$3,491,642

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES J SNELL	BUSINESS MANAGER	43.00	Officer	$235,557	$165,962	$401,519
THOMAS F REDDEN III	FINANCIAL SECRETARY TREASU	38.00	Officer	$200,123	$145,953	$346,076
MATTHEW M MEILE	BUSINESS AGENT	43.00	Officer	$191,163	$144,978	$336,141
JONATHAN MCMAHON	BUSINESS AGENT	43.00	Officer	$194,034	$145,053	$339,087
DAVID LENTZ	BUSINESS AGENT	42.00	Officer	$192,914	$144,978	$337,892
RYAN MCADAMS	BUSINESS AGENT	43.00	Officer	$192,886	$144,903	$337,789
PATRICK H SHERIDAN	BUSINESS AGENT	43.00	Officer	$191,909	$144,978	$336,887
RYAN MCMAHON	BUSINESS AGENT	43.00	Officer	$195,848	$145,053	$340,901
ALBERT R BUSH JR	BUSINESS AGENT	43.00	Officer	$194,302	$145,003	$339,305
LENNY PERRONE	BUSINESS AGENT	43.00	Officer	$194,572	$144,978	$339,550
ORVILLE ROBINSON	PRESIDENT	41.00	Officer	$13,130	$9,459	$22,589
JAMES SHUPE	VICE PRESIDENT	0.20	Officer	$7,197	$334	$7,531
SEAN O'CONNELL	EXECUTIVE BOARD	0.20	Officer	$1,375	$0	$1,375
DANIEL ZIMMERMAN	EXECUTIVE BOARD	0.20	Officer	$1,750	$0	$1,750
ROBERT HARRIS JR	EXECUTIVE BOARD	0.20	Officer	$1,625	$0	$1,625
DANIEL SHELLEY	EXECUTIVE BOARD	0.20	Officer	$1,625	$0	$1,625
BRETT CUTLER	DIRECTOR	45.00	Highest	$188,650	$144,978	$333,628
PETER KLEIN	DIRECTOR	45.00	Highest	$191,487	$145,972	$337,459
MARK HEFFERNAN	BUSINESS ORGANIZER	45.00	Highest	$182,564	$139,345	$321,909
MICHAEL MIERZEJEWSKI	BUSINESS ORGANIZER	45.00	Highest	$185,671	$139,345	$325,016
GARY ANDRESS	ASST BUSINESS MANAGER	42.00	Highest	$200,799	$145,953	$346,752

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	$17,248,440	$14,217,577	$16,201,483	$3,030,863
2023	$15,036,765	$14,411,353	$13,171,555	$625,412
2022	$14,134,259	$13,649,531	$12,547,531	$484,728
2021	$12,182,417	$12,257,742	$12,071,750	$-75,325
2020	$12,074,392	$12,721,070	$12,137,415	$-646,678
2019	$13,514,608	$12,202,500	$12,787,388	$1,312,108
2018	$12,312,290	$11,601,630	$11,456,697	$710,660

STEAMFITTERS LOCAL UNION NO 420