PLUMBERS AND STEAMFITTERS LOCAL #489 TRAINING FUND (EIN 237127467) - 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

1967

Legal Domicile

Principal Officer

SCOTT UPOLE

Phone

3017228515

Tax Period

2024-05-01 to 2025-04-30

PLUMBERS AND STEAMFITTERS LOCAL #489 TRAINING FUND, founded in 1967, is a small nonprofit that reported $186K in total revenue in fiscal year 2024. The organization ran a surplus of $34K, a strong 18% operating margin.

Mission

TRAINING OF UNION MEMBERS IN THEIR CRAFT.

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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 $170,894

Investment Income $15,435

Other Revenue $0

TOTAL REVENUE $186,329

Expense Breakdown

Grants Paid $0

Salaries & Benefits $66,156

Fundraising Expenses $0

Program Expenses $121,767

Other Expenses $85,835

TOTAL EXPENSES $151,991

Year-over-Year Comparison

	2024	2023	Change
Revenue	$186,329	$176,875	+0.1%
Expenses	$151,991	$143,284	+0.1%
Net Income	$34,338	$33,591	+0.0%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT UPOLE	TRUSTEE	4.00	Director	$0	$0	$0
JOHN YODER	PRESIDENT	1.00	Officer Director	$0	$0	$0
DENTON SHRIVER	RECORDING SECRETARY	1.00	Officer Director	$0	$0	$0
JASON LEITH	TRUSTEE	1.00	Director	$0	$0	$0
BRYAN MARKER	TRUSTEE	1.00	Director	$0	$0	$0

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	$186,329	$151,991	$432,104	$34,338
2024	$176,875	$143,284	$396,670	$33,591
2023	$164,072	$125,409	$363,678	$38,663
2022	$151,775	$129,346	$325,600	$22,429
2021	$152,155	$104,777	$303,363	$47,378
2020	$184,936	$130,302	$255,872	$54,634
2019	$184,770	$132,128	$200,731	$52,642

PLUMBERS AND STEAMFITTERS LOCAL #489 TRAINING FUND