PLUMBERS PIPE FITTERS & MES LOCAL UNION NO 392 EDUCATION TRUST FUND (EIN 310619811) - 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

1961

Legal Domicile

Principal Officer

MATTHEW TAYLOR

Phone

5136715282

Tax Period

2024-07-01 to 2025-06-30

PLUMBERS PIPE FITTERS & MES LOCAL UNION NO 392 EDUCATION TRUST FUND, founded in 1961, is a community nonprofit in the Education sector that reported $2.5M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $773K, a strong 31% operating margin.

Mission

THE EDUCATION TRUST FUND WAS CREATED FOR THE PURPOSE OF ESTABLISHING A SCHOOL FOR THE TRAINING OF APPRENTICES AND JOURNEYMEN AND TO ADOPT PROGRAMS, PLANS AND POLICIES, RULES, REGULATIONS AND/OR PROCEDURES FOR THE ADMISSION, EDUCATION, AND TRAINING OF EMPLOYEES IN THE PIPE FITTING, PLUMBING, HEATING, REFRIGERATION, AIR CONDITIONING AND ALLIED INDUSTRIES, AND TO PURCHASE EQUIPMENT, TOOLS, MATERIALS AND PAY SALARIES AND FACULTY EXPENSES, AND TO SPONSOR AND/OR FINANCE ANY ACTIVITY WHICH, IN THE OPINION OF THE TRUSTEES WILL FURTHER THE KNOWLEDGE AND SKILL OF EMPLOYEES ASSOCIATED WITH THE PIPE FITTING AND PLUMBING 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $101,521

Program Service Revenue $2,244,323

Investment Income $124,696

Other Revenue $0

TOTAL REVENUE $2,470,540

Expense Breakdown

Grants Paid $0

Salaries & Benefits $893,529

Fundraising Expenses $0

Program Expenses $1,343,902

Other Expenses $803,568

TOTAL EXPENSES $1,697,097

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,470,540	$2,151,551	+0.1%
Expenses	$1,697,097	$1,465,617	+0.2%
Net Income	$773,443	$685,934	+0.1%

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

$184,508

Total Directors

$198,991

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATTHEW TAYLOR	TRAINING DIR	40.00	Officer Director	$119,882	$60,014	$179,896
TIM KELSEY	TRUSTEE	0.25	Director	$11,473	$0	$11,473
DONALD KNIGHT	SECRETARY	0.25	Officer Director	$4,612	$0	$4,612
ROMAN DOGGETT	TRUSTEE	0.25	Director	$3,010	$0	$3,010
CLEM FENNEL	TRUSTEE	0.25	Officer Director	$0	$0	$0
GARRETT PERKINS	CHAIRMAN	0.25	Director	$0	$0	$0
JEFFREY READ	TRUSTEE	0.25	Director	$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	$2,470,540	$1,697,097	$5,687,134	$773,443
2024	No data	No data	No data	No data
2023	$1,985,811	$1,409,414	$4,290,184	$576,397
2022	$1,316,793	$1,230,207	$3,731,948	$86,586
2021	$1,220,414	$1,073,529	$3,512,406	$146,885
2020	$1,230,014	$1,129,855	$3,390,880	$100,159
2019	$1,217,090	$1,174,643	$3,306,955	$42,447

PLUMBERS PIPE FITTERS & MES LOCAL UNION NO 392 EDUCATION TRUST FUND