Plumbers & Steamfitters Educational Trust (EIN 356042596) - 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

1956

Legal Domicile

Phone

8128771531

Tax Period

2024-01-01 to 2024-12-31

Plumbers & Steamfitters Educational Trust, founded in 1956, is a community nonprofit that reported $3.3M in total revenue in fiscal year 2024. Revenue surged 52% from the prior year, signaling strong growth momentum.

Mission

Apprenticeship Program. Operation of apprenticeship program for members of Plumbers & Steamfitters Local Union NO 157

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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 $1,734,654

Program Service Revenue $791,099

Investment Income $62,156

Other Revenue $699,595

TOTAL REVENUE $3,287,504

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,831,784

Fundraising Expenses $0

Program Expenses $3,204,998

Other Expenses $1,373,214

TOTAL EXPENSES $3,204,998

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,287,504	$2,158,804	+0.5%
Expenses	$3,204,998	$2,377,098	+0.3%
Net Income	$82,506	$-218,294	-1.4%

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
Tyler Dinkel	Trustee	1.00	Director	$0	$0	$0
Todd Boland	Trustee	1.00	Director	$0	$0	$0
John Wooten	Trustee	1.00	Director	$0	$0	$0
Anthony McBurnett	Trustee	1.00	Director	$0	$0	$0
Troy Bennett	SecTreasurer	5.00	Officer	$0	$0	$0
Mark Unger	President	5.00	Officer	$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
2024	$3,287,504	$3,204,998	$2,386,426	$82,506
2023	$2,158,804	$2,377,098	$2,298,109	$-218,294
2022	$1,864,868	$1,903,126	$2,511,461	$-38,258
2021	$1,677,087	$1,535,701	$2,549,979	$141,386
2020	$1,460,535	$1,472,073	$2,409,404	$-11,538
2019	$1,438,500	$1,747,011	$2,426,720	$-308,511
2018	$1,410,797	$1,786,987	$2,734,699	$-376,190

Plumbers & Steamfitters Educational Trust