STEAMFITTERS LOCAL UNION NO 449 JOINT APPRENTICESHIP & TRAINING COMMITTEE

EIN: 256069802 501(c)(3) Employment

PITTSBURGH, PA

Total Revenue
$5,854,231
Total Expenses
$7,677,191
Total Assets
$23,515,369
Net Assets
$23,489,673
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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
1962
Legal Domicile
PA
Principal Officer
REGIS R CLAUS
Phone
4126833600
Tax Period
2023-01-01 to 2023-12-31

STEAMFITTERS LOCAL UNION NO 449 JOINT APPRENTICESHIP & TRAINING COMMITTEE, founded in 1962, is a community nonprofit in the Employment sector that reported $5.9M in total revenue in fiscal year 2023. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $7.7M exceeded revenue, resulting in a 31% operating deficit.

Mission

TO PROVIDE THE PROPER EDUCATION FOR LABOR UNIONS OPERATING IN THE MECHANICAL CONSTRUCTION INDUSTRY.

Program Service Accomplishments

Program 1
Expenses: $7,487,033 Revenue: $4,222,511

PROVIDE EDUCATION AND TRAINING FOR LABOR UNIONS OPERATING IN THE MECHANICAL CONSTRUCTION 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,631,720
Program Service Revenue $3,307,374
Investment Income $718,628
Other Revenue $196,509
TOTAL REVENUE $5,854,231

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,601,839
Fundraising Expenses $0
Program Expenses $7,487,033
Other Expenses $4,075,352
TOTAL EXPENSES $7,677,191

Year-over-Year Comparison

2023 2022 Change
Revenue $5,854,231 $8,374,957 -0.3%
Expenses $7,677,191 $7,451,142 +0.0%
Net Income $-1,822,960 $923,815 -3.0%
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

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Governance

Voting Members
8
Independent Members
8
Employees
56
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
4
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSEPH BEARDSLEY TRUSTEE 0.50
Director
$0 $0 $0
JOHN JORDAN TRUSTEE 0.50
Director
$0 $0 $0
MICHAEL CHAMBERS TRUSTEE 0.50
Director
$0 $0 $0
JAY DAVIS TRUSTEE 0.50
Director
$0 $0 $0
KENNETH J BROADBENT CO-CHAIRMAN 0.50
Officer
$0 $0 $0
DANIEL M LUGAILA CO-CHAIRMAN 0.50
Officer
$0 $0 $0
JAMES HARDING SECRETARY 0.50
Officer
$0 $0 $0
REGIS R CLAUS TREASURER 0.50
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
2024 No data No data No data No data
2023 $5,854,231 $7,677,191 $23,515,369 $-1,822,960
2022 $8,374,957 $7,451,142 $24,280,026 $923,815
2021 $16,253,567 $6,004,124 $25,881,880 $10,249,443
2020 $11,897,674 $5,355,925 $15,460,897 $6,541,749
2019 $10,773,759 $5,020,318 $8,360,352 $5,753,441
2018 $3,898,424 $3,925,108 $3,004,805 $-26,684
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