PLUMBERS & PIPEFITTERS LOCAL 23 UA TRAINING FUND (EIN 366109329) - 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

1957

Legal Domicile

Principal Officer

RANDY ALLEN

Phone

8153978350

Tax Period

2024-01-01 to 2024-12-31

PLUMBERS & PIPEFITTERS LOCAL 23 UA TRAINING FUND, founded in 1957, is a community nonprofit in the Education sector that reported $2.4M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $405K, a strong 17% operating margin.

Mission

APPRENTICE AND JOURNEYMEN TRAINING

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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 $49,870

Program Service Revenue $2,162,247

Investment Income $136,212

Other Revenue $28,010

TOTAL REVENUE $2,376,339

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,299,563

Fundraising Expenses $0

Other Expenses $671,629

TOTAL EXPENSES $1,971,192

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,376,339	$1,972,043	+0.2%
Expenses	$1,971,192	$1,697,050	+0.2%
Net Income	$405,147	$274,993	+0.5%

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

$234,207

Total Directors

$234,207

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RANDALL ALLEN	NEW - CHAIRMAN	1.00	Director	$0	$0	$0
BRIAN HELM	TRUSTEE	1.00	Director	$0	$0	$0
RYAN TRACEY	TRUSTEE	1.00	Director	$0	$0	$0
RYAN MARSHALL	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT WOODEN	TRUSTEE	1.00	Director	$0	$0	$0
GREGORY HARLE	TRAINING COORDINATOR / ALT	40.00	Officer Director	$164,997	$69,210	$234,207
GREGORY HILL	TRUSTEE	1.00	Director	$0	$0	$0
RICK LUNDVALL	ALTERNATE TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM SPRAGUE	TRUSTEE	1.00	Director	$0	$0	$0
JOSH CERONI	TRUSTEE	1.00	Director	$0	$0	$0
TIMOTHY HUFF	PAST - CHAIRMAN	1.00	Director	$0	$0	$0
DAVID BRYANT	INSTRUCTOR	40.00	Highest	$130,531	$61,508	$192,039
PAUL BOGDONAS	INSTRUCTOR	40.00	Highest	$128,436	$60,511	$188,947
KAILE BONEY	INSTRUCTOR	40.00	Highest	$128,436	$60,511	$188,947
JOSHUA GARDNER	INSTRUCTOR	40.00	Highest	$128,436	$60,511	$188,947

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	$2,376,339	$1,971,192	$3,712,549	$405,147
2023	$1,972,043	$1,697,050	$3,128,483	$274,993
2022	$1,657,934	$1,511,498	$2,955,634	$146,436
2021	$1,761,939	$1,429,873	$2,818,509	$332,066
2020	$1,396,472	$1,342,345	$2,399,306	$54,127
2019	$1,581,218	$1,380,168	$2,294,461	$201,050
2018	$1,405,029	$1,271,336	$1,957,937	$133,693

PLUMBERS & PIPEFITTERS LOCAL 23 UA TRAINING FUND