W MI PLUMBERS FITTERS&SERVICE TRAD… - 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

1982

Legal Domicile

Principal Officer

RYAN BENNETT

Phone

6168370222

Tax Period

2023-07-01 to 2024-06-30

W MI PLUMBERS FITTERS&SERVICE TRADE LOCAL 174 JOINT APPRENTICE TRAINING, founded in 1982, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2023. Revenue surged 20% from the prior year, signaling strong growth momentum. The organization ran a surplus of $377K, a strong 21% operating margin.

Mission

THE WEST MICHIGAN PLUMBERS 174 JOINT APPRENTICE TRAINING FUND IS CRAFTED FOR THE PURPOSE OF PROVIDING TRAINING TO PLUMBING APPRENTICES AND JOURNEYMEN OF THE TRADES SERVICES INDUSTRY UNDER A COLLECTIVELY BARGAINED AGREEMENT, ON BEHALF OF THE WEST MICHIGAN PLUMBERS 174, IN COMPLIANCE WITH THE TAFT-HARTLEY ACT.

Program Service Accomplishments

Program 1

THE WEST MICHIGAN PLUMBERS 174 JOINT APPRENTICE TRAINING FUND IS CRAFTED FOR THE PURPOSE OF PROVIDING TRAINING TO PLUMBING APPRENTICES AND JOURNEYMEN OF THE TRADES SERVICES INDUSTRY UNDER A...

THE WEST MICHIGAN PLUMBERS 174 JOINT APPRENTICE TRAINING FUND IS CRAFTED FOR THE PURPOSE OF PROVIDING TRAINING TO PLUMBING APPRENTICES AND JOURNEYMEN OF THE TRADES SERVICES INDUSTRY UNDER A COLLECTIVELY BARGAINED AGREEMENT, ON BEHLAF OF THE WEST MICHIGAN PLUMBERS 174, IN COMPLIANCE WITH THE TAFT-HARTLEY ACT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $4,500

Program Service Revenue $1,779,794

Investment Income $258

Other Revenue $13,650

TOTAL REVENUE $1,798,202

Expense Breakdown

Grants Paid $0

Salaries & Benefits $916,206

Fundraising Expenses $0

Other Expenses $505,331

TOTAL EXPENSES $1,421,537

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,798,202	$1,497,168	+0.2%
Expenses	$1,421,537	$1,296,226	+0.1%
Net Income	$376,665	$200,942	+0.9%

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

$211,652

Total Directors

$606,942

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RYAN BENNETT	SECRETARY	1.00	Officer Director	$0	$83,239	$211,652
NATHAN PHILLIPS	TRUSTEE	1.00	Director	$0	$82,068	$199,612
JASON FINCH	TRUSTEE	1.00	Director	$0	$80,895	$193,631
ZEB FIALEK	TRUSTEE	1.00	Director	$2,047	$0	$2,047
GREG DOERR	TRUSTEE	1.00	Director	$0	$0	$0
DAVE DOYLE	TRUSTEE	1.00	Director	$0	$0	$0
MATT GREENLAND	TRUSTEE	1.00	Director	$0	$0	$0
MIKE PULTE	CHAIRMAN	1.00	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	$1,798,202	$1,421,537	$2,013,354	$376,665
2023	$1,497,168	$1,296,226	$1,616,099	$200,942
2022	$1,403,620	$1,238,105	$1,430,124	$165,515
2021	$1,071,940	$1,049,936	$1,313,627	$22,004
2020	$1,076,026	$1,076,707	$1,205,585	$-681
2019	$1,080,652	$1,255,467	$1,206,654	$-174,815
2018	$1,036,230	$1,064,644	$1,380,185	$-28,414

W MI PLUMBERS FITTERS&SERVICE TRADE LOCAL 174 JOINT APPRENTICE TRAINING