CLEVELAND PLUMBERS JOINT APPRENTICESHIP TRUST FUND (EIN 346650624) - 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

1970

Legal Domicile

Principal Officer

CHRISTOPHER THAXTON

Phone

2164592900

Tax Period

2024-05-01 to 2025-04-30

CLEVELAND PLUMBERS JOINT APPRENTICESHIP TRUST FUND, founded in 1970, is a community nonprofit in the Employment sector that reported $1.1M in total revenue in fiscal year 2024. Expenses of $920K left a modest 14% surplus.

Mission

PLUMBING INDUSTRY TRAINING FOR 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,026,148

Investment Income $42,114

Other Revenue $0

TOTAL REVENUE $1,068,262

Expense Breakdown

Grants Paid $0

Salaries & Benefits $431,850

Fundraising Expenses $0

Program Expenses $534,215

Other Expenses $488,056

TOTAL EXPENSES $919,906

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,068,262	$1,062,974	+0.0%
Expenses	$919,906	$858,567	+0.1%
Net Income	$148,356	$204,407	-0.3%

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

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
JASON M SHANK	TRAINING DIRECTOR	50.00	Officer	$0	$0	$0
TIMOTHY WHEELER	CO-CHAIRMAN	1.00	Officer Director	$0	$0	$0
MICHAEL GALLAGHER	CO-CHAIRMAN	1.00	Officer Director	$0	$0	$0
SHAWN GRAY	TRUSTEE	1.00	Director	$0	$0	$0
JOE LAVELLE	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL REDLIN	TRUSTEE	1.00	Director	$0	$0	$0
ADAM WALLENSTEIN	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	$1,068,262	$919,906	$1,674,865	$148,356
2024	$1,062,974	$858,567	$1,506,229	$204,407
2023	$999,270	$818,052	$1,270,882	$181,218
2022	$706,572	$718,101	$1,102,703	$-11,529
2021	$859,702	$677,298	$1,123,121	$182,404
2020	$878,598	$684,274	$940,717	$194,324
2019	$960,837	$686,726	$746,393	$274,111
2018	$783,547	$758,998	$472,282	$24,549

CLEVELAND PLUMBERS JOINT APPRENTICESHIP TRUST FUND