SPRINGFIELD PLUMBERS & STEAMFITTER… - Form 990 Financial Data

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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

1952

Legal Domicile

Principal Officer

AARON GURNSEY

Phone

2175442724

Tax Period

2024-01-01 to 2024-12-31

SPRINGFIELD PLUMBERS & STEAMFITTERS TRAINING ASSOCIATION, founded in 1952, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $192K, a strong 19% operating margin.

Mission

TO PROVIDE AN APPRENTICE TRAINING PROGRAM FOR NEW UNION MEMBERS AND CONTINUING EDUCATION FOR EXISTING MEMBERS.

Program Service Accomplishments

Program 1

OPERATING EXPENSES INCURRED ARE FOR THE BENEFIT OF TRAINING APPRENTICES AND PROVIDING CONTINUING EDUCATION FOR EXISTING 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 $980,282

Investment Income $23,596

Other Revenue $25,915

TOTAL REVENUE $1,029,793

Expense Breakdown

Grants Paid $0

Salaries & Benefits $501,407

Fundraising Expenses $0

Other Expenses $336,281

TOTAL EXPENSES $837,688

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,029,793	$934,094	+0.1%
Expenses	$837,688	$868,581	0.0%
Net Income	$192,105	$65,513	+1.9%

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

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
ROBERT MATHEWS	SECRETARY	2.00	Officer Director	$0	$0	$0
BRAD WARDRIP	TRUSTEE	2.00	Director	$0	$0	$0
THOMAS LANG	VICE CHAIRMAN	2.00	Officer Director	$0	$0	$0
JOHN TERNEUS	TRUSTEE	2.00	Director	$0	$0	$0
JARED BURDICK	TRUSTEE	2.00	Director	$0	$0	$0
AARON GURNSEY	CHAIRMAN	2.00	Officer 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	No data	No data	No data	No data
2024	$1,029,793	$837,688	$943,388	$192,105
2023	$934,094	$868,581	$753,373	$65,513
2022	$872,553	$714,843	$688,410	$157,710
2021	$711,291	$703,764	$529,079	$7,527
2020	$687,827	$559,890	$521,997	$127,937
2019	$605,120	$629,371	$392,357	$-24,251
2018	$595,755	$630,062	$418,912	$-34,307

SPRINGFIELD PLUMBERS & STEAMFITTERS TRAINING ASSOCIATION