UNITED ASSOCIATION OF JOURNEYMAN & APPR OF THE PLBG & PIPEFITTING LOCAL 524 (EIN 240579955) - 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

1898

Legal Domicile

Principal Officer

PATRICK DOLAN

Phone

5703479214

Tax Period

2023-07-01 to 2024-06-30

UNITED ASSOCIATION OF JOURNEYMAN & APPR OF THE PLBG & PIPEFITTING LOCAL 524, founded in 1898, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2023. Net assets of $9.3M represent 56 months of operating reserves.

Mission

TO ORGANIZE WORKERS AND TO SECURE IMPROVED WAGES, BENEFITS AND WORKING CONDITIONS.

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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 $1,617,816

Investment Income $248,981

Other Revenue $106,250

TOTAL REVENUE $1,973,047

Expense Breakdown

Grants Paid $0

Salaries & Benefits $955,383

Fundraising Expenses $0

Program Expenses $2,070,046

Other Expenses $1,114,663

TOTAL EXPENSES $2,070,046

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,973,047	$2,038,788	0.0%
Expenses	$2,070,046	$2,055,767	+0.0%
Net Income	$-96,999	$-16,979	+4.7%

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

$1,022,732

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICK DOLAN	BUSINESS MANAGER	40.00	Officer	$187,301	$80,808	$268,109
RICHARD ELLIOTT	BUSINESS AGENT	40.00	Officer	$149,427	$82,580	$232,007
BRUCE JONES	BUSINESS AGENT	40.00	Officer	$149,427	$82,580	$232,007
JOSEPH KEREKES	VICE PRESIDENT	2.00	Officer	$0	$46,008	$185,285
MARK SCHRANER	PRESIDENT	2.00	Officer	$0	$0	$7,590
GEORGE HOBBS	BUSINESS AGENT	40.00	Officer	$50,453	$28,746	$79,199
THOMAS MURPHY	EXECUTIVE BOARD	2.00	Officer	$0	$0	$0
MICHAEL BUCHINSKY	EXECUTIVE BOARD	2.00	Officer	$0	$0	$0
SCOTT MCGEEHAN	RECORDING SECRETARY	2.00	Officer	$0	$0	$13,090
SCOTT SCHRANER	EXECUTIVE BOARD	2.00	Officer	$0	$0	$5,445

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	No data	No data	No data	No data
2024	$1,973,047	$2,070,046	$11,195,046	$-96,999
2023	$2,038,788	$2,055,767	$11,437,471	$-16,979
2022	$1,888,706	$1,919,699	$11,519,136	$-30,993
2021	$1,572,727	$1,682,202	$9,706,449	$-109,475
2020	$1,636,515	$1,367,500	$9,673,543	$269,015
2019	$2,585,070	$1,635,321	$9,503,130	$949,749

UNITED ASSOCIATION OF JOURNEYMAN & APPR OF THE PLBG & PIPEFITTING LOCAL 524