SPRINKLER FITTERS AND APPRENTICES LOCAL UNION 281 UA (EIN 361808342) - 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

1901

Legal Domicile

Principal Officer

BRYAN LAROCHE

Phone

7085971800

Tax Period

2024-01-01 to 2024-12-31

SPRINKLER FITTERS AND APPRENTICES LOCAL UNION 281 UA, founded in 1901, is a mid-sized nonprofit that reported $10.3M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $8.9M left a modest 14% surplus.

Mission

LABOR UNION

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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 $134,671

Program Service Revenue $9,742,137

Investment Income $361,929

Other Revenue $34,455

TOTAL REVENUE $10,273,192

Expense Breakdown

Grants Paid $80,221

Salaries & Benefits $3,895,108

Fundraising Expenses $0

Other Expenses $3,752,964

TOTAL EXPENSES $8,860,993

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,273,192	$9,191,137	+0.1%
Expenses	$8,860,993	$8,085,342	+0.1%
Net Income	$1,412,199	$1,105,795	+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

N/A

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

$2,027,408

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NEAL MCLAUGHLIN	PRESIDENT	1.00	Officer	$3,702	$1,736	$5,438
BRYAN LAROCHE	BUSINESS MANAGER	50.00	Officer	$217,383	$140,398	$357,781
WILLIAM HINCKS JR	VICE-PRESIDENT	1.00	Officer	$16,538	$21,891	$38,429
ROBERT SCOTT	RECORDING SECRETARY	1.00	Officer	$7,799	$3,989	$11,788
JOHN KENNEDY	BUSINESS REPRESENTATIVE	50.00	Officer	$194,106	$134,735	$328,841
LAWRENCE NICHOLS	BUSINESS REPRESENTATIVE - PAST	50.00	Officer	$78,000	$66,206	$144,206
MICHAEL COUGHLIN	BUSINESS REPRESENTATIVE	50.00	Officer	$193,909	$134,735	$328,644
CHRISTOPHER ROSENLUND	SERGEANT-AT-ARMS	1.00	Officer	$2,649	$1,197	$3,846
DAN CASEY	EXECUTIVE BOARD	1.00	Officer	$6,974	$3,989	$10,963
DANIEL NOLAN	EXECUTIVE BOARD	1.00	Officer	$6,974	$3,989	$10,963
DONALD OTT	EXECUTIVE BOARD / APPRENTICE FUND INSTRUCTOR	50.00	Officer	$163,418	$113,544	$276,962
PATRICK SHARPE	EXECUTIVE BOARD / ORGANIZER	50.00	Officer	$177,571	$113,109	$290,680
JOHN PRINDEVILLE	FINANCE COMMITTEE	1.00	Officer	$1,899	$1,197	$3,096
KEVIN CONNOLLY JR	FINANCE COMMITTEE	1.00	Officer	$1,899	$1,064	$2,963
NICK DRISCOLL	FINANCE COMMITTEE	1.00	Officer	$1,899	$1,197	$3,096
JASON BRUZEK	EXAMINING BOARD	1.00	Officer	$1,899	$1,197	$3,096
ANTHONY GALASSI	EXAMINING BOARD	1.00	Officer	$1,899	$1,197	$3,096
DAVE PUCHALSKI	EXAMINING BOARD	1.00	Officer	$1,899	$1,064	$2,963
ROBERT CLINE JR	BUSINESS REPRESENTATIVE - NEW	50.00	Officer	$125,130	$75,427	$200,557
TIM MORRIN	H&W FUND ADMINISTRATOR	50.00	Highest	$214,305	$138,751	$353,056
ALAN CRAWFORD	APPRENTICE INSTRUCTOR	50.00	Highest	$170,798	$117,775	$288,573
NICHOLAS GRAGE	APPRENTICE INSTRUCTOR	50.00	Highest	$163,325	$113,902	$277,227

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	$10,273,192	$8,860,993	$14,615,388	$1,412,199
2023	$9,191,137	$8,085,342	$12,699,414	$1,105,795
2022	$9,236,771	$8,621,158	$11,052,966	$615,613
2021	$8,175,244	$8,297,252	$11,366,512	$-122,008
2020	$7,743,070	$7,878,213	$10,968,892	$-135,143

SPRINKLER FITTERS AND APPRENTICES LOCAL UNION 281 UA