United Assoc of Journeymen & Apprentices Local 354 (EIN 251234320) - 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

1972

Legal Domicile

Principal Officer

Chad Morrison

Phone

7249257238

Tax Period

2024-07-01 to 2025-06-30

United Assoc of Journeymen & Apprentices Local 354, founded in 1972, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2024. Revenue surged 20% from the prior year, signaling strong growth momentum.

Mission

The aspirations of Plumbers & Pipe Fitters Local Union No. 354 are to construct an organization which shall sub serve the interest of its members and be a fitting monument to the society and respect of each other.

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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 $1,568,529

Investment Income $16,413

Other Revenue $43,959

TOTAL REVENUE $1,628,901

Expense Breakdown

Grants Paid $0

Salaries & Benefits $816,652

Fundraising Expenses $0

Program Expenses $1,245,856

Other Expenses $771,626

TOTAL EXPENSES $1,588,278

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,628,901	$1,355,949	+0.2%
Expenses	$1,588,278	$1,567,266	+0.0%
Net Income	$40,623	$-211,317	-1.2%

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	Role	Reportable Comp	Other Comp	Total
Tim Custer	Business ManagerSecretary		$125,070	$88,544	$213,614
Jamie Byron	President	Director	$0	$0	$0
Paul Fitzgerald	Vice President	Director	$0	$0	$0
Darryl Ray	Trustee	Director	$0	$0	$0
Edward Andolina	Trustee	Director	$0	$0	$0
Chad Morrison	Business ManagerSecretary	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	$1,628,901	$1,588,278	$1,199,609	$40,623
2024	$1,355,949	$1,567,266	$1,186,078	$-211,317
2023	$1,548,496	$1,772,171	$1,277,341	$-223,675
2022	$1,654,508	$1,790,550	$1,481,135	$-136,042
2021	$1,632,876	$1,772,292	$1,824,975	$-139,416
2020	$1,679,359	$1,804,416	$1,807,152	$-125,057
2019	$1,961,898	$1,849,362	$1,845,004	$112,536

United Assoc of Journeymen & Apprentices Local 354