SPRINKLER FITTERS LOCAL AND APPRENTICES LOCAL UNION NO 692 (EIN 231471257) - 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

1916

Legal Domicile

Principal Officer

WAYNE MILLER

Phone

2156711692

Tax Period

2024-07-01 to 2025-06-30

SPRINKLER FITTERS LOCAL AND APPRENTICES LOCAL UNION NO 692, founded in 1916, is a community nonprofit that reported $6.5M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $5.9M left a modest 8% surplus.

Mission

THE PURPOSE OF THE ORGANIZATION IS TO ORGANIZE ALL WORKERS WITHIN THE JURISDICTION OF THE LOCAL UNION; TO SECURE WAGES, HOURS AND WORKING CONDITIONS; TO PROTECT THE JURISDICTION OF THE TRADE; TO ENGAGE IN ACTIVITIES WHICH FURTHER THE INTEREST OF THIS ORGANIZATION AND ITS MEMBERSHIP; AND TO ADVANCE AND ELEVATE THE MORAL, INTELLECTUAL, SOCIAL AND FINANCIAL CONDITIONS FOR ALL ITS MEMBERS. THE ORGANIZATION HAS 631 MEMBERS AS OF JUNE 30, 2025.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $4,659,748

Investment Income $288,186

Other Revenue $1,505,060

TOTAL REVENUE $6,452,994

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,024,470

Fundraising Expenses $0

Other Expenses $3,856,899

TOTAL EXPENSES $5,937,399

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,452,994	$5,609,919	+0.2%
Expenses	$5,937,399	$4,831,388	+0.2%
Net Income	$515,595	$778,531	-0.3%

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

$1,595,826

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WAYNE MILLER	FIN. SEC./BUSINESS MANAGER	50.00	Officer	$206,036	$132,165	$338,201
RYAN WALKER	FINANCE COMMITTEE	1.00	Officer	$2,666	$0	$2,666
CHARLES WALKER	ORGANIZER/RECORDING SECRETARY	47.00	Officer	$191,701	$122,220	$313,921
MICHAEL MOSS	APPRENTICE INSTRUCTOR	40.00	Officer	$174,704	$118,161	$292,865
MATTHEW WALKER	INSIDE GUARD	1.00	Officer	$2,797	$0	$2,797
RAPHAEL MARINI JR	BUSINESS AGENT	48.00	Officer	$188,897	$123,493	$312,390
PAT BOYLAN	EXECUTIVE BOARD	1.00	Officer	$2,666	$0	$2,666
MATTHEW MARINI	VICE PRESIDENT	1.00	Officer	$10,495	$0	$10,495
FRANCIS FENNINGHAM	TREASURER	1.00	Officer	$14,791	$0	$14,791
GAVIN BLACK	PRESIDENT/APP. TRAINER INSTRUCTOR	40.00	Officer	$170,515	$111,154	$281,669
GREGORY J MCGOVERN	FINANCE COMMITTEE	1.00	Officer	$2,949	$0	$2,949
JOHN BRADLEY	EXECUTIVE BOARD	1.00	Officer	$3,797	$0	$3,797
SEAN TAGGART	EXECUTIVE BOARD	1.00	Officer	$3,797	$0	$3,797
CHARLES STRANGE	EXECUTIVE BOARD	1.00	Officer	$5,913	$0	$5,913
KEITH VERGARA	FINANCE COMMITTEE	1.00	Officer	$6,909	$0	$6,909

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	$6,452,994	$5,937,399	$12,293,825	$515,595
2024	No data	No data	No data	No data
2023	$6,038,779	$5,204,502	$11,137,361	$834,277
2022	$5,021,863	$4,497,857	$10,367,266	$524,006
2021	$4,335,869	$3,945,416	$9,904,493	$390,453
2020	$4,615,302	$4,205,875	$9,572,456	$409,427
2019	$4,071,908	$3,701,463	$8,503,048	$370,445

SPRINKLER FITTERS LOCAL AND APPRENTICES LOCAL UNION NO 692