STEAMFITTERS TRAINING SCHOOL (EIN 390945040) - 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

1959

Legal Domicile

Principal Officer

DOUG EDWARDS

Phone

4145430601

Tax Period

2024-06-01 to 2025-05-31

STEAMFITTERS TRAINING SCHOOL, founded in 1959, is a community nonprofit in the Employment sector that reported $7.5M in total revenue in fiscal year 2024. Expenses of $7.1M left a modest 4% surplus.

Mission

TO OPERATE AND MAINTAIN A SCHOOL OR TRAINING PROGRAM FOR WORKMEN IN THE PIPE-FITTING TRADE.

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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 $47,155

Program Service Revenue $7,125,525

Investment Income $108,740

Other Revenue $172,674

TOTAL REVENUE $7,454,094

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,386,050

Fundraising Expenses $0

Program Expenses $6,381,994

Other Expenses $2,762,109

TOTAL EXPENSES $7,148,159

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,454,094	$7,469,233	0.0%
Expenses	$7,148,159	$6,440,991	+0.1%
Net Income	$305,935	$1,028,242	-0.7%

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

143

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
DOUG EDWARDS	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JONATHAN KOWALSKI	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
BRIAN TOUTANT	UNION TRUSTEE	1.00	Director	$0	$0	$0
DEAN JULIEN	UNION TRUSTEE	1.00	Director	$0	$0	$0
ERIK OGREN	UNION TRUSTEE	1.00	Director	$0	$0	$0
RICHARD SAWHILL	EMPLOYER TRUSTEE (THRU 3/26/25)	1.00	Director	$0	$0	$0
MARK RIEHLE	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
JARED OWEN	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
CHRISTOPHER VALERINE	TRAINING DIRECTOR	48.00	Highest	$159,416	$72,701	$232,117
DANIEL KOSINSKI	WELD TRAINING COORDINATOR	45.00	Highest	$146,387	$69,690	$216,077
JAMES LEMENS	TRAINING COORDINATOR	45.00	Highest	$150,054	$65,822	$215,876
DAVID BERGERSON	TRAINING SCHOOL INSTRUCTOR	45.00	Highest	$144,007	$68,443	$212,450
NATHAN PAPENFUSS	TRAINING ASSISTANT	45.00	Highest	$142,304	$68,243	$210,547

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	$7,454,094	$7,148,159	$3,731,903	$305,935
2024	$7,469,233	$6,440,991	$4,134,808	$1,028,242
2023	$5,733,784	$5,019,785	$3,086,131	$713,999
2022	$4,646,602	$4,642,258	$2,346,768	$4,344
2021	$1,862,754	$1,636,896	$2,521,468	$225,858
2020	$3,610,166	$4,400,436	$2,936,974	$-790,270
2019	$4,030,224	$4,660,265	$3,117,370	$-630,041
2018	$4,024,622	$3,793,501	$4,155,938	$231,121

STEAMFITTERS TRAINING SCHOOL