PLUMBING INDUSTRY DEVELOPMENT FUND INC (EIN 396081490) - 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

1962

Legal Domicile

Principal Officer

JONATHAN KOWALSKI

Phone

4145437622

Tax Period

2024-01-01 to 2024-12-31

PLUMBING INDUSTRY DEVELOPMENT FUND INC, founded in 1962, is a small nonprofit that reported $256K in total revenue in fiscal year 2024. Expenses of $218K left a modest 15% surplus.

Mission

A BUSINESS LEAGUE/TRADE ASSOCIATION THAT PROMOTES THE BUSINESS INTEREST OF EMPLOYERS IN MILWAUKEE, WISCONSIN AND THE SURROUNDING METROPOLITAN AREA WHO ARE SIGNATORY TO A COLLECTIVE BARGAINING AGREEMENT WITH CERTAIN EMPLOYEES REPRESENTED BY PLUMBERS LOCAL NO. 75, ESPECIALLY WITH REGARD TO LABOR RELATIONS.

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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 $0

Program Service Revenue $246,964

Investment Income $8,903

Other Revenue $0

TOTAL REVENUE $255,867

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $218,484

TOTAL EXPENSES $218,484

Year-over-Year Comparison

	2024	2023	Change
Revenue	$255,867	$242,864	+0.1%
Expenses	$218,484	$204,200	+0.1%
Net Income	$37,383	$38,664	0.0%

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

N/A

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
BILLY HOLZ	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
STEVE ADKINS	DIRECTOR	1.00	Director	$0	$0	$0
PAUL MAGYAR	DIRECTOR	1.00	Director	$0	$0	$0
MIKE SCHERER	DIRECTOR	1.00	Director	$0	$0	$0
JOHN BRENNAN III	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN KOWALSKI	ADMINISTRATOR	5.00	Officer	$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	$255,867	$218,484	$319,329	$37,383
2023	$242,864	$204,200	$285,418	$38,664
2022	$218,108	$192,390	$277,185	$25,718
2021	$209,220	$191,583	$205,184	$17,637
2020	$214,018	$164,137	$303,824	$49,881
2019	$214,422	$164,089	$252,488	$50,333
2018	$200,074	$159,622	$202,084	$40,452

PLUMBING INDUSTRY DEVELOPMENT FUND INC