PLUMBERS LOCAL UNION NO 690 APPREN… - Form 990 Financial Data

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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

1955

Legal Domicile

Principal Officer

KEVIN F DEAN

Phone

2156776900

Tax Period

2023-01-01 to 2023-12-31

PLUMBERS LOCAL UNION NO 690 APPRENTICESHIP TRAINING FUND, founded in 1955, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $1.6M left a modest 11% surplus.

Mission

THE EXEMPT PURPOSE OF THE FUND IS TO DEFRAY THE COSTS AND EXPENSES INCIDENT TO THE TRAINING OF PLUMBER APPRENTICES.

Program Service Accomplishments

Program 1

THE EXEMPT PURPOSE OF THE FUND IS TO DEFRAY THE COSTS AND EXPENSES INCIDENT TO THE TRAINING OF PLUMBER APPRENTICES. THIS IS ESSENTIALLY THE ONLY PROGRAM SERVICE OF THE ORGANIZATION AND ALL OF THE...

THE EXEMPT PURPOSE OF THE FUND IS TO DEFRAY THE COSTS AND EXPENSES INCIDENT TO THE TRAINING OF PLUMBER APPRENTICES. THIS IS ESSENTIALLY THE ONLY PROGRAM SERVICE OF THE ORGANIZATION AND ALL OF THE REVENUES AND EXPENSES ARE CONSIDERED TO BE FOR THIS PURPOSE.

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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 $1,678,464

Investment Income $81,727

Other Revenue $0

TOTAL REVENUE $1,760,191

Expense Breakdown

Grants Paid $0

Salaries & Benefits $992,609

Fundraising Expenses $0

Other Expenses $568,420

TOTAL EXPENSES $1,561,029

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,760,191	$1,521,167	+0.2%
Expenses	$1,561,029	$1,493,715	+0.0%
Net Income	$199,162	$27,452	+6.3%

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

Employees

N/A

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

$302,109

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEORGE PEGRAM	CO-CHAIRMAN	1.00	Director	$0	$0	$0
JAMES DOUGHTERTY	CO-CHAIRMAN	1.00	Director	$0	$0	$0
JOSEPH MCMONIGLE	TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH P MULHOLLAND JR	TRUSTEE	1.00	Director	$0	$0	$0
HERMAN GOLDNER	TRUSTEE	1.00	Director	$0	$0	$0
WALTER KRZYZANOWSKI	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS J MCNULTY	ADMINISTRATOR	1.00	Officer	$11,079	$125,439	$302,109
JOHN J QUIRK	INSTRUCTOR	40.00	Highest	$162,936	$120,103	$283,039
BRIAN GILBERT	INSTRUCTOR	40.00	Highest	$156,516	$118,491	$275,007
MICHAEL P LAVELLE JR	DIRECTOR	40.00	Highest	$161,544	$120,541	$282,085

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	$1,760,191	$1,561,029	$2,185,788	$199,162
2022	$1,521,167	$1,493,715	$1,926,712	$27,452
2021	$1,248,230	$1,472,049	$1,935,427	$-223,819
2020	$1,213,003	$1,406,386	$2,174,006	$-193,383
2019	$1,492,390	$1,397,206	$2,339,676	$95,184
2018	$1,533,475	$1,262,876	$2,222,347	$270,599

PLUMBERS LOCAL UNION NO 690 APPRENTICESHIP TRAINING FUND