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

EIN: 382423590

COOPERSVILLE, MI

Total Revenue
$1,798,202
Total Expenses
$1,421,537
Total Assets
$2,013,354
Net Assets
$1,962,030
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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
MI
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.

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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%)

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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

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Governance

Voting Members
8
Independent Members
7
Employees
22
Volunteers
10

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
$211,652
Total Directors
8
$606,942
Key Employees
0
$0
Highest Compensated
0
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
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