PLUMBERS AND STEAMFITTERS LOCAL NO… - 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

1972

Legal Domicile

Principal Officer

EDWARD NADEAU

Phone

5187859844

Tax Period

2024-07-01 to 2025-06-30

PLUMBERS AND STEAMFITTERS LOCAL NO 7 APPRENTICE AND TRAINING FUND, founded in 1972, is a community nonprofit in the Employment sector that reported $1.3M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $1.3M left a modest 3% surplus.

Mission

TO PROVIDE EDUCATION AND TRAINING TO APPRENTICES AND MEMBERS OF PLUMBERS AND STEAMFITTERS LOCAL NO.7

Program Service Accomplishments

Program 1

Expenses: $1,110,146 Revenue: $1,091,688

THE FUND PROVIDES DEVELOPMENT OF SKILLS OF JOURNEYMEN AND APPRENTICES IN THE PLUMBING AND PIPEFITTING INDUSTRY.

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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 $101,875

Program Service Revenue $1,091,688

Investment Income $95,228

Other Revenue $34,787

TOTAL REVENUE $1,323,578

Expense Breakdown

Grants Paid $0

Salaries & Benefits $572,886

Fundraising Expenses $0

Program Expenses $1,110,146

Other Expenses $704,522

TOTAL EXPENSES $1,277,408

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,323,578	$1,224,541	+0.1%
Expenses	$1,277,408	$1,223,276	+0.0%
Net Income	$46,170	$1,265	+35.5%

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

$12,790

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN LYDON	CO-CHAIRMAN	5.00	Officer	$1,698	$431	$2,129
JOSEPH BURNICHE	TRUSTEE	1.00	Officer	$1,698	$431	$2,129
JESSE GORMAN	CO-CHAIRMAN	5.00	Officer	$1,698	$431	$2,129
THEODORE LOUNSBURY	TRUSTEE	1.00	Officer	$1,698	$431	$2,129
LUKAS VAN ALLEN	TRUSTEE	1.00	Officer	$1,698	$447	$2,145
OMAR RIVERA	TRUSTEE	1.00	Officer	$1,698	$431	$2,129

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	$1,323,578	$1,277,408	$2,321,683	$46,170
2024	$1,224,541	$1,223,276	$2,135,717	$1,265
2023	$1,229,030	$1,214,968	$1,964,088	$14,062
2022	$1,255,548	$1,060,196	$1,849,014	$195,352
2021	$1,175,040	$960,404	$2,031,484	$214,636
2020	$1,119,662	$908,573	$1,572,775	$211,089
2019	$1,090,159	$1,043,294	$1,311,591	$46,865

PLUMBERS AND STEAMFITTERS LOCAL NO 7 APPRENTICE AND TRAINING FUND