PLUMBERS PIPE FITTERS & MECHANICAL EQUIPMENT SERVICE LOCAL UNION 392 (EIN 310727369) - 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

1966

Legal Domicile

Principal Officer

RINDA HOFFMAN

Phone

5132410444

Tax Period

2024-06-01 to 2025-05-31

PLUMBERS PIPE FITTERS & MECHANICAL EQUIPMENT SERVICE LOCAL UNION 392, founded in 1966, is a community nonprofit in the Mutual Benefit sector that reported $1.9M in total revenue in fiscal year 2024. Expenses of $1.8M left a modest 5% surplus.

Mission

TO PROVIDE UNEMPLOYMENT AND SICK BENEFITS FOR ELIGIBLE PARTICIPANTS IN THE PLAN ESTABLISHED UNDER A COLLECTIVE BARGAINING AGREEMENT BETWEEN PLUMBERS, PIPE FITTERS AND MECHANICAL EQUIPMENT SERVICE LOCAL UNION NO 392 AND THE MECHANICAL CONTRACTORS.

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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 $1,662,105

Investment Income $275,483

Other Revenue $706

TOTAL REVENUE $1,938,294

Expense Breakdown

Grants Paid $0

Salaries & Benefits $110,965

Fundraising Expenses $0

Other Expenses $335,842

TOTAL EXPENSES $1,831,826

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,938,294	$1,940,543	0.0%
Expenses	$1,831,826	$2,286,815	-0.2%
Net Income	$106,468	$-346,272	-1.3%

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

338

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

$110,174

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIMOTHY O'HEARN	TRUSTEE	1.00	Director	$0	$0	$105,338
JASON GORLEWSKI	VICE CHAIRMA	1.00	Director	$0	$0	$4,836
CHRIS AYERS	TREASURER	1.00	Director	$0	$0	$0
TODD ELLIOTT	TRUSTEE	1.00	Director	$0	$0	$0
DAVE GLEASON	CHAIRMAN	1.00	Director	$0	$0	$0
NICK NUTINI	SECRETARY	1.00	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	$1,938,294	$1,831,826	$8,672,458	$106,468
2024	$1,940,543	$2,286,815	$8,143,885	$-346,272
2023	$1,374,781	$1,935,528	$8,264,118	$-560,747
2022	$1,704,822	$1,953,032	$8,867,428	$-248,210
2021	$1,881,634	$2,497,730	$10,145,008	$-616,096
2020	$1,551,414	$2,509,362	$10,201,936	$-957,948
2019	$1,780,336	$1,659,095	$10,782,700	$121,241

PLUMBERS PIPE FITTERS & MECHANICAL EQUIPMENT SERVICE LOCAL UNION 392