LOCAL UNION #601 OF UA OF JOURNEYMEN & APPRENTICES OF THE PLUMBING & PF IND (EIN 390635400) - 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

1913

Legal Domicile

Principal Officer

DOUG EDWARDS

Phone

4145430601

Tax Period

2023-01-01 to 2023-12-31

LOCAL UNION #601 OF UA OF JOURNEYMEN & APPRENTICES OF THE PLUMBING & PF IND, founded in 1913, is a community nonprofit that reported $9.1M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.9M, a strong 20% operating margin.

Mission

A UNION TO ORGANIZE EMPLOYEES AND SERVICE AND MAINTAIN WAGES, HOURS, AND WORKING CONDITIONS.

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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 $0

Program Service Revenue $9,052,265

Investment Income $58,491

Other Revenue $0

TOTAL REVENUE $9,110,756

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,884,343

Fundraising Expenses $0

Other Expenses $5,373,025

TOTAL EXPENSES $7,257,368

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,110,756	$7,768,990	+0.2%
Expenses	$7,257,368	$6,618,198	+0.1%
Net Income	$1,853,388	$1,150,792	+0.6%

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

$270,283

Total Directors

$1,355,986

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOEL ZIELKE	BUSINESS MANAGER	50.00	Director	$171,898	$108,785	$280,683
DEAN JULIEN	BUSINESS AGENT	50.00	Director	$160,756	$105,663	$266,419
BRIAN TOUTANT	BUSINESS AGENT	50.00	Director	$159,508	$105,722	$265,230
DOUG EDWARDS	FINANCIAL SECRETARY/TREAS	50.00	Officer Director	$159,010	$105,581	$264,591
NEIL SICKICH	BUSINESS AGENT	50.00	Director	$159,010	$105,581	$264,591
ERIK OGREN	PRESIDENT	2.00	Officer Director	$5,145	$547	$5,692
JOHN MCGRATH	VICE-PRESIDENT	2.00	Officer Director	$0	$0	$0
JACOB KOEPKE	RECORDING SECRETARY	2.00	Officer Director	$0	$0	$0
CLIFF WINKELMANN III	EXECUTIVE BOARD	2.00	Director	$1,892	$938	$2,830
EDWARD ANDERSON	EXECUTIVE BOARD	2.00	Director	$1,756	$826	$2,582
MATTHEW EFFINGER	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
JOSEPH STRAUSS	EXECUTIVE BOARD	2.00	Director	$2,343	$1,025	$3,368
DAVID SINGER	EXAMINING BOARD	2.00	Director	$0	$0	$0
DEBRA RICHARDS	EXAMINING BOARD	2.00	Director	$0	$0	$0
ANDREW COVEY JR	FINANCE COMMITTEE	2.00	Director	$0	$0	$0
DIANA LEE	FINANCE COMMITTEE	2.00	Director	$0	$0	$0
WILLIAM MORLEY	FINANCE COMMITTEE	2.00	Director	$0	$0	$0
CHRISTOPHER VALERINE	EXAMINING BOARD	2.00	Director	$0	$0	$0
JOSHUA FERSTADT	INTERIOR GUARD	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
2024	No data	No data	No data	No data
2023	$9,110,756	$7,257,368	$25,067,108	$1,853,388
2022	$7,768,990	$6,618,198	$24,198,572	$1,150,792
2021	$7,902,744	$6,358,313	$24,388,379	$1,544,431
2020	$6,422,067	$6,591,985	$23,737,939	$-169,918
2019	$7,749,279	$6,010,706	$24,913,628	$1,738,573
2018	$7,495,823	$6,092,803	$22,626,095	$1,403,020
2017	$6,086,139	$4,677,823	$22,406,365	$1,408,316

LOCAL UNION #601 OF UA OF JOURNEYMEN & APPRENTICES OF THE PLUMBING & PF IND