LOCAL 693 EDUCATION FUND (EIN 364006511) - 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

1972

Legal Domicile

Principal Officer

GREG GOVE

Phone

8028644042

Tax Period

2024-07-01 to 2025-06-30

LOCAL 693 EDUCATION FUND, founded in 1972, is a small nonprofit that reported $384K in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE EDUCATIONAL TRAINING SERVICE TO PLUMBERS AND PIPEFITTING MEMBERS OF THE PLUMBERS AND PIPEFITTERS LOCAL 693 UNDER THE COLLECTIVE BARGAINING AGREEMENT.

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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 $26,127

Program Service Revenue $349,655

Investment Income $7,956

Other Revenue $114

TOTAL REVENUE $383,852

Expense Breakdown

Grants Paid $0

Salaries & Benefits $135,933

Fundraising Expenses $0

Other Expenses $244,559

TOTAL EXPENSES $380,492

Year-over-Year Comparison

	2024	2023	Change
Revenue	$383,852	$281,694	+0.4%
Expenses	$380,492	$336,726	+0.1%
Net Income	$3,360	$-55,032	-1.1%

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

N/A

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

$194,109

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KELLY BROWNELL	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
GREGORY GOVE	CHAIRMAN/EMPLOYEE TRUSTEE	2.00	Director	$0	$74,458	$194,109
COLE MUGFORD	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
ADAM PATE	TRAINING COORDINATOR	2.00	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	$383,852	$380,492	$626,708	$3,360
2024	$281,694	$336,726	$598,250	$-55,032
2023	$206,481	$243,516	$635,481	$-37,035
2022	$226,605	$205,438	$644,240	$21,167
2021	$204,133	$191,162	$709,584	$12,971
2020	$154,712	$239,075	$676,919	$-84,363
2019	$190,190	$206,568	$721,012	$-16,378
2018	$254,877	$207,382	$735,513	$47,495

LOCAL 693 EDUCATION FUND