PLUMBERS LOCAL UNION NO 24 (EIN 264708098) - 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

2009

Phone

9735217058

Tax Period

2023-05-01 to 2024-04-30

PLUMBERS LOCAL UNION NO 24, founded in 2009, is a community nonprofit that reported $3.9M in total revenue in fiscal year 2023.

Mission

Representation of members.

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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 $3,439,817

Investment Income $167,018

Other Revenue $247,665

TOTAL REVENUE $3,854,500

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,090,145

Fundraising Expenses $0

Program Expenses $989,949

Other Expenses $1,885,918

TOTAL EXPENSES $3,976,063

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,854,500	$3,752,091	+0.0%
Expenses	$3,976,063	$3,515,659	+0.1%
Net Income	$-121,563	$236,432	-1.5%

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

N/A

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

$1,791,211

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROSHAN WHITE	BUSINESS MNGR	40.00	Officer	$181,889	$119,941	$301,830
SALVATORE SIMONETTI JR	BUSINESS AGENT	40.00	Officer	$176,130	$119,421	$295,551
KERMIT HARTMAN JR	BUSINESS AGENT	40.00	Officer	$174,913	$118,901	$293,814
CHADRICK GARRIS	BUSINESS AGENT	40.00	Officer	$174,222	$118,901	$293,123
VINCENT SCORDO	BUSINESS AGENT	40.00	Officer	$174,046	$118,901	$292,947
PATRICK KELLEHER	BUSINESS AGENT	40.00	Officer	$173,187	$118,901	$292,088
WESLEY MCMANUS	Finance Comm	0.00	Officer	$2,478	$0	$2,478
JOHN SHUBIAK	EXECUTIVE BOARD	0.00	Officer	$2,292	$0	$2,292
EDWARDO TORRES	Vice President	0.00	Officer	$2,292	$0	$2,292
JAMES DOHERTY	Executive Board	0.00	Officer	$2,292	$0	$2,292
ERNEST LEHMAN JR	Inside Guard	0.00	Officer	$2,292	$0	$2,292
ANTHONY BARBACCIA	FINANCE COMM	0.00	Officer	$2,178	$0	$2,178
GERARD VENEZIANO	FINANCE COMM	0.00	Officer	$2,178	$0	$2,178
DAVID PROTOMASTRO	Exam Board	0.00	Officer	$2,178	$0	$2,178
EDWARD BLACK JR	Finance Comm	0.00	Officer	$2,178	$0	$2,178
WILLIAM ALLEN	INSIDE GUARD	0.00	Officer	$300	$0	$300
DUSTIN SHEARER	EXAMINING BOARD	0.00	Officer	$300	$0	$300
BRIAN SNOWMAN	EXAMINING BOARD	0.00	Officer	$300	$0	$300
MATTHEW ZMUDA	Exam Board	0.00	Officer	$300	$0	$300
VERNON HAREN	EXAMINING BOARD	0.00	Officer	$300	$0	$300
WILLIAM DIGNAN	NEGOT COMM	0.00	Officer	$0	$0	$0
BORIS LOPAC	Negot Comm	0.00	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	No data	No data	No data	No data
2024	$3,854,500	$3,976,063	$6,143,634	$-121,563
2023	$3,752,091	$3,515,659	$6,063,907	$236,432
2022	$3,485,167	$3,232,127	$5,860,417	$253,040
2021	$3,489,447	$2,933,457	$5,742,709	$555,990
2020	$3,737,312	$2,988,778	$4,777,150	$748,534
2019	$3,662,780	$2,979,675	$4,150,884	$683,105

PLUMBERS LOCAL UNION NO 24