PLUMBERS & STEAMFITTERS LOCAL 568 … - Form 990 Financial Data

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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

2010

Legal Domicile

Principal Officer

KEVIN CRUSO

Phone

2514760035

Tax Period

2024-01-01 to 2024-12-31

PLUMBERS & STEAMFITTERS LOCAL 568 APPREN TICESHIP & JOURNEYMEN TRAINING TRUST FUN, founded in 2010, is a small nonprofit in the Education sector that reported $433K in total revenue in fiscal year 2024. Revenue surged 86% from the prior year, signaling strong growth momentum. The organization ran a surplus of $138K, a strong 32% operating margin.

Mission

THE FUND WILL PROVIDE VOCATIONAL EDUCATION TO APRRENTICES IN THE PLUMBING AND PIPEFITTING INDUSTRY. THE EDUCATION INCLUDES CLASSROOM INSTRUCTION.

Program Service Accomplishments

Program 1

Expenses: $278,928 Revenue: $276,352

APPRENTICE AND JOUNEYMEN TRAINING WHICH INCLUDES CLASSROOM INSTRUCTION.

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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 $156,935

Program Service Revenue $270,190

Investment Income $6,162

Other Revenue $0

TOTAL REVENUE $433,287

Expense Breakdown

Grants Paid $0

Salaries & Benefits $129,925

Fundraising Expenses $0

Program Expenses $278,928

Other Expenses $165,133

TOTAL EXPENSES $295,058

Year-over-Year Comparison

	2024	2023	Change
Revenue	$433,287	$233,322	+0.9%
Expenses	$295,058	$202,956	+0.5%
Net Income	$138,229	$30,366	+3.6%

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

$74,360

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN P CRUSO	CHAIRMAN & UNION TRUSTEE	0.00	Officer Director	$0	$0	$0
RANDALL CARROLL	UNION TRUSTEE	0.00	Director	$0	$0	$0
NATHAN MITTLESDORF	FORMER UNION TRUSTEE	1.00	Director	$49,040	$0	$49,040
JIMMY WEAVER	MANAGER TRUSTEE	0.00	Director	$0	$0	$0
JOHN KING	MANAGER TRUSTEE	0.00	Director	$0	$0	$0
HENRY M CASTILLEJA	UNION TRUSTEE/TRAINING COORDINATOR	1.00	Director	$25,320	$0	$25,320

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	$433,287	$295,058	$483,061	$138,229
2023	$233,322	$202,956	$318,671	$30,366

PLUMBERS & STEAMFITTERS LOCAL 568 APPREN TICESHIP & JOURNEYMEN TRAINING TRUST FUN