PLUMBERS STEAMFITTERS & SERVICE TECHS WORKERS UNION LOCAL 434 (EIN 391618586) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1998

Legal Domicile

Principal Officer

MITCH RUNGE

Phone

7156924341

Tax Period

2024-06-01 to 2025-05-31

PLUMBERS STEAMFITTERS & SERVICE TECHS WORKERS UNION LOCAL 434, founded in 1998, is a community nonprofit in the Education sector that reported $2.5M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $566K, a strong 22% operating margin.

Mission

TO PROVIDE AN ADVANCED JOURNEYMEN TRAINING PROGRAM THAT ALLOWS JOURNEYMEN AND APPRENTICES TO ACQUIRE FULL AND COMPLETE KNOWLEDGE OF THE CRAFT COVERED BY THE JURISDICTION OF THE LOCAL 434.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,323,284

Investment Income $35,850

Other Revenue $160,860

TOTAL REVENUE $2,519,994

Expense Breakdown

Grants Paid $0

Salaries & Benefits $929,406

Fundraising Expenses $0

Program Expenses $1,953,536

Other Expenses $1,024,130

TOTAL EXPENSES $1,953,536

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,519,994	$2,274,517	+0.1%
Expenses	$1,953,536	$1,898,941	+0.0%
Net Income	$566,458	$375,576	+0.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

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
RUSSELL BOOS	UNION TRUSTE	1.00	Director	$0	$0	$0
CHAD BOWE	EMPLOYER TRU	1.00	Director	$0	$0	$0
MARK DAHMS	EMPLOYER TRU	1.00	Director	$0	$0	$0
GREG ERICKSON	UNION TRUSTE	1.00	Director	$0	$0	$0
JEFF GAECKE	EMPLOYER TRU	1.00	Director	$0	$0	$0
CHRIS IGNATOWSKI	EMPLOYER TRU	1.00	Director	$0	$0	$0
DOUG POTAPENKO	UNION TRUSTE	1.00	Director	$0	$0	$0
MITCH RUNGE	CHAIRMAN	1.00	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
2025	$2,519,994	$1,953,536	$3,979,275	$566,458
2024	$2,274,517	$1,898,941	$3,412,817	$375,576
2023	$2,223,399	$1,812,686	$3,037,241	$410,713
2022	$1,896,498	$1,413,550	$2,625,989	$482,948
2021	$1,802,301	$1,333,321	$2,143,041	$468,980
2020	$1,763,936	$1,303,954	$1,674,061	$459,982
2019	$1,398,094	$1,297,637	$1,214,079	$100,457

PLUMBERS STEAMFITTERS & SERVICE TECHS WORKERS UNION LOCAL 434