PLUMBERS & STEAMFITTERS UNION LC N… - 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

1963

Legal Domicile

Principal Officer

NATHAN DAVENPORT

Tax Period

2024-01-01 to 2024-12-31

PLUMBERS & STEAMFITTERS UNION LC NO 10 APPRENTICE FUND, founded in 1963, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024.

Mission

TO PROVIDE APPRENTICE AND JOURNEYMAN TRAINING TO MEMBERS OF PLUMBERS AND STEAMFITTERS UNION LOCAL NO. 10.

Program Service Accomplishments

Program 1

TO PROVIDE APPRENTICE AND JOURNEYMAN TRAINING TO MEMBERS OF PLUMBERS AND STEAMFITTERS UNION LOCAL NO. 10.

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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 $326,963

Program Service Revenue $839,077

Investment Income $13

Other Revenue $54,560

TOTAL REVENUE $1,220,613

Expense Breakdown

Grants Paid $0

Salaries & Benefits $494,997

Fundraising Expenses $0

Program Expenses $921,683

Other Expenses $752,295

TOTAL EXPENSES $1,247,292

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,220,613	$1,185,343	+0.0%
Expenses	$1,247,292	$1,157,185	+0.1%
Net Income	$-26,679	$28,158	-1.9%

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
NATHAN DAVENPORT	CHAIRMAN	2.00	Officer Director	$0	$0	$0
MICHAEL PANTELE	CO-CHAIRMAN	2.00	Officer Director	$0	$0	$0
JEFF BRANCH	TRUSTEE	2.00	Director	$0	$0	$0
WILLIAM DUNN JR	TRUSTEE	2.00	Director	$0	$0	$0
ERIC GAUKER	TRUSTEE	2.00	Director	$0	$0	$0
NEALE KELLEY	TRUSTEE	2.00	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
2024	$1,220,613	$1,247,292	$2,094,032	$-26,679
2023	$1,185,343	$1,157,185	$2,136,324	$28,158
2022	$939,613	$773,841	$2,068,755	$165,772
2021	$975,222	$723,678	$1,906,617	$251,544
2020	$753,253	$647,417	$1,654,594	$105,836
2019	$780,911	$656,416	$1,553,354	$124,495
2018	$1,111,745	$591,687	$1,425,618	$520,058

PLUMBERS & STEAMFITTERS UNION LC NO 10 APPRENTICE FUND