STEAMFITTERS LOCAL UNION 449 (EIN 250817615) - 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

1913

Legal Domicile

Principal Officer

DAVID A PLAVI JR

Phone

4123811133

Tax Period

2025-01-01 to 2025-12-31

STEAMFITTERS LOCAL UNION 449, founded in 1913, is a community nonprofit that reported $9.3M in total revenue in fiscal year 2025. Revenue fell 29% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $2.1M, a strong 23% operating margin.

Mission

TO PROMOTE EFFICIENCY AND PRODUCTIVITY IN THE STEAMFITTER TRADE.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $8,488,916

Investment Income $1,465,133

Other Revenue $-641,353

TOTAL REVENUE $9,312,696

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,799,326

Fundraising Expenses $0

Other Expenses $4,408,470

TOTAL EXPENSES $7,207,796

Year-over-Year Comparison

	2025	2024	Change
Revenue	$9,312,696	$13,170,475	-0.3%
Expenses	$7,207,796	$6,935,776	+0.0%
Net Income	$2,104,900	$6,234,699	-0.7%

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

$1,911,311

Total Directors

$21,573

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES A HARDING	SECRETARY/TR	40.00	Officer	$181,971	$65,606	$247,577
KENNETH J BROADBENT	BUSINESS MGR	40.00	Officer	$219,826	$65,606	$285,432
WILLIAM T PANITZKE	BUSINESS AGE	40.00	Officer	$150,535	$65,606	$216,141
JAMES REYNOLDS	BUSINESS AGE	40.00	Officer	$159,255	$65,349	$224,604
WILLIAM A YOCUM	BUSINESS AGE	40.00	Officer	$161,083	$65,606	$226,689
JAMES C KIRSCH	BUSINESS AGE	40.00	Officer	$160,191	$65,606	$225,797
ROBERT G LORENZI JR	BUSINESS AGE	40.00	Officer	$166,754	$65,606	$232,360
ANDREW J BEARDSLEY	BUSINESS AGE	40.00	Officer	$158,193	$65,606	$223,799
HARRY J STERLING	TRUSTEE	2.00	Director	$6,720	$3,796	$10,516
RICHARD G KING	TRUSTEE	2.00	Director	$7,074	$3,983	$11,057
DAVID A PLAVI JR	PRESIDENT	2.00	Officer	$14,436	$8,126	$22,562
MICHAEL A CHAMBERS	VICE PRESIDE	2.00	Officer	$2,213	$1,246	$3,459
JAMES J PAVLIC JR	FINANCE COMM	1.00	Officer	$436	$245	$681
TROY E WISE	FINANCE COMM	1.00	Officer	$436	$245	$681
ANTHONY G LORENZI	FINANCE COMM	1.00	Officer	$436	$245	$681
RONALD J CASERTANO JR	RECORDING SE	1.00	Officer	$0	$0	$0
MARTIN L CRON JR	SENTINEL	1.00	Officer	$0	$0	$0
RICHARD E BEARDSLEY JR	ELECTION COM	1.00	Officer	$0	$0	$0
EDWARD N GREEN	ELECTION COM	1.00	Officer	$848	$0	$848
MICHAEL J MCGRADY	ELECTION COM	1.00	Officer	$0	$0	$0
ROBERT J KERCHNER	ELECTION COM	1.00	Officer	$0	$0	$0
BRENDAN Z RYAN	ELECTION COM	1.00	Officer	$0	$0	$0
DANIEL F YOUNG	ELECTION COM	1.00	Officer	$0	$0	$0
ROBERT M KAPPAS JR	EXEC BOARD	1.00	Officer	$0	$0	$0
RONALD S KIESEL JR	EXEC BOARD	1.00	Officer	$0	$0	$0
BAILEY W YOCUM	EXEC BOARD	1.00	Officer	$0	$0	$0
BRAD M RADOVICH	EXEC BOARD	1.00	Officer	$0	$0	$0
JOSEPH J CHARDELLA	EXAMINING BO	1.00	Officer	$0	$0	$0
TYLER W HELCH	EXAMINING BO	1.00	Officer	$0	$0	$0
DANIEL S JACKSON	EXAMINING BO	1.00	Officer	$0	$0	$0
DAVID DURNEY	EXAMINING BO	1.00	Officer	$0	$0	$0
RYAN J MCPEAK	EXAMINING BO	1.00	Officer	$0	$0	$0
RICHARD E NOWICKI	EXAMINING BO	1.00	Officer	$0	$0	$0
JAMES B SEELMAN	EXAMINING BO	1.00	Officer	$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	$9,312,696	$7,207,796	$90,820,946	$2,104,900
2024	$13,170,475	$6,935,776	$88,716,050	$6,234,699
2023	$8,716,585	$7,720,500	$82,481,351	$996,085
2022	$13,615,433	$8,005,509	$81,485,266	$5,609,924
2021	$28,088,233	$7,601,018	$75,875,342	$20,487,215
2020	$20,088,062	$6,365,193	$55,388,127	$13,722,869
2019	$21,244,580	$6,081,898	$41,665,258	$15,162,682
2018	$10,824,432	$5,461,684	$32,367,614	$5,362,748

STEAMFITTERS LOCAL UNION 449