PLUMBERS AND PIPEFITTERS JOINT APPRENT TRAINING FUND (EIN 340945178) - 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

1969

Legal Domicile

Principal Officer

THOMAS LESKOVAC

Phone

3307584596

Tax Period

2024-05-01 to 2025-04-30

PLUMBERS AND PIPEFITTERS JOINT APPRENT TRAINING FUND, founded in 1969, is a small nonprofit that reported $546K in total revenue in fiscal year 2024. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $633K exceeded revenue, resulting in a 16% operating deficit.

Mission

PROMOTE PLUMBERS & PIPEFITTERS TRADE

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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 $14,764

Program Service Revenue $502,210

Investment Income $28,659

Other Revenue $0

TOTAL REVENUE $545,633

Expense Breakdown

Grants Paid $0

Salaries & Benefits $322,086

Fundraising Expenses $0

Other Expenses $311,081

TOTAL EXPENSES $633,167

Year-over-Year Comparison

	2024	2023	Change
Revenue	$545,633	$768,801	-0.3%
Expenses	$633,167	$725,919	-0.1%
Net Income	$-87,534	$42,882	-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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DON JESSUP	TRUSTEE	1.00	Director	$0	$0	$0
MATT MORRONE	TRUSTEE	1.00	Director	$0	$0	$0
TOM LESKOVAC	CHAIRMAN	1.00	Director	$0	$0	$0
WES PROUT	TRUSTEE	1.00	Director	$0	$0	$0
ANTHONY GOCLANO	TRUSTEE	1.00	Director	$0	$0	$0
BRENT KELLEY	TRUSTEE	1.00	Director	$0	$0	$0
JACOB YODER	TRUSTEE	1.00	Director	$0	$0	$0
SETH COGLEY	TRUSTEE	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	$545,633	$633,167	$1,550,844	$-87,534
2024	$768,801	$725,919	$1,603,175	$42,882
2023	$1,002,495	$704,347	$1,507,124	$298,148
2022	$950,109	$497,436	$1,205,801	$452,673
2021	$542,339	$453,760	$803,647	$88,579
2019	$487,588	$496,879	$735,876	$-9,291

PLUMBERS AND PIPEFITTERS JOINT APPRENT TRAINING FUND