PLUMBERS LOCAL 112 EDUCATION & APPRENTICE FUND

EIN: 237060380 501(c)(3) Employment

BINGHAMTON, NY

Total Revenue
$1,089,748
Total Expenses
$677,667
Total Assets
$3,332,052
Net Assets
$3,264,023
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1964
Legal Domicile
NY
Principal Officer
DANIEL CROCKER
Phone
6077221883
Tax Period
2023-01-01 to 2023-12-31

PLUMBERS LOCAL 112 EDUCATION & APPRENTICE FUND, founded in 1964, is a community nonprofit in the Employment sector that reported $1.1M in total revenue in fiscal year 2023. The organization ran a surplus of $412K, a strong 38% operating margin.

Mission

TO PROVIDE TRAINING, TESTING AND CERTIFICATION PROGRAMS FOR MEMBERS OF PLUMBERS & PIPEFITTERS LOCAL UNION NO. 112.

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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 $36,530
Program Service Revenue $985,577
Investment Income $37,869
Other Revenue $29,772
TOTAL REVENUE $1,089,748

Expense Breakdown

Grants Paid $0
Salaries & Benefits $288,765
Fundraising Expenses $0
Program Expenses $564,508
Other Expenses $388,902
TOTAL EXPENSES $677,667

Year-over-Year Comparison

2023 2022 Change
Revenue $1,089,748 $1,056,184 +0.0%
Expenses $677,667 $608,318 +0.1%
Net Income $412,081 $447,866 -0.1%
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

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
6
Employees
14
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
$164,390
Total Directors
11
$401,694
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DANIEL CROCKER UNION TRUSTEE 1.00
Director
$0 $92,116 $202,843
DONALD DARCANGELO UNION TRUSTEE 1.00
Director
$0 $39,152 $93,958
TODD BURT UNION TRUSTEE 1.00
Director
$0 $51,805 $101,279
KARL ZUHONE UNION TRUSTEE 1.00
Director
$0 $0 $1,440
JAMES ROUNDS UNION TRUSTEE 1.00
Director
$0 $0 $0
JD MCMASTER EMPLOYER TRUSTEE 1.00
Director
$0 $0 $0
KEVIN PHILLIPS EMPLOYER TRUSTEE 1.00
Director
$0 $0 $0
JOSH BARNES EMPLOYER TRUSTEE 1.00
Director
$0 $0 $0
RICHARD FALVO EMPLOYER TRUSTEE 1.00
Director
$0 $0 $0
LOUIS FALVO III EMPLOYER TRUSTEE 1.00
Director
$0 $0 $0
FRAN COONEY UNION TRUSTEE 1.00
Director
$2,174 $0 $2,174
DAVID VANAUKEN PLAN ADMINISTRATOR 2.00
Officer
$0 $62,890 $164,390
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 $1,089,748 $677,667 $3,332,052 $412,081
2022 $1,056,184 $608,318 $3,102,716 $447,866
2021 $1,197,687 $596,188 $1,938,724 $601,499
2020 $678,054 $479,880 $1,350,235 $198,174
2019 $594,011 $498,674 $1,128,549 $95,337
2018 $594,604 $500,679 $1,000,118 $93,925
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