PLUMBERS LOCAL 75 EDUCATION FUND

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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

1969

Legal Domicile

Principal Officer

STEVE BREITLOW

Phone

4143591318

Tax Period

2023-01-01 to 2023-12-31

PLUMBERS LOCAL 75 EDUCATION FUND, founded in 1969, is a community nonprofit in the Employment sector that reported $4.1M in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $3.6M left a modest 13% surplus.

Mission

TO PROVIDE TRAINING AND EDUCATIONAL PROGRAMS FOR APPRENTICES, EMPLOYEES, JOURNEYMEN, AND INSTRUCTORS IN THE PLUMBING TRADE AND RELATED OCCUPATION

Program Service Accomplishments

Program 1

Expenses: $2,032,123 Revenue: $3,939,246

PROVIDE CLASSES FOR APPRENTICES AND JOURNEYMEN IN THE PLUMBING AND RELATED TRADES. ADVISE VOCATIONAL SCHOOL PROGRAM DIRECTORS REGARDING APPRENTICESHIP EDUCATION.

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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 $73,276

Program Service Revenue $3,939,246

Investment Income $68,089

Other Revenue $3,457

TOTAL REVENUE $4,084,068

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,978,517

Fundraising Expenses $0

Program Expenses $2,032,123

Other Expenses $1,584,020

TOTAL EXPENSES $3,562,537

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,084,068	$3,765,073	+0.1%
Expenses	$3,562,537	$3,034,552	+0.2%
Net Income	$521,531	$730,521	-0.3%

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

Total Directors

$307,537

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CORY THOMPSON	TRAINING DIRECTOR	40.00	Director	$135,409	$55,955	$191,364
JONATHAN KOWALSKI	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
STEVE BREITLOW	SECRETARY TREASURER	1.00	Officer Director	$0	$0	$0
VINCENT GALLO IV	TRUSTEE	1.00	Director	$0	$0	$0
MARK HERSEY	TRUSTEE	1.00	Director	$0	$0	$0
JOHN LYNCH	TRUSTEE (THRU 9/19/23)	1.00	Director	$0	$0	$0
DON BRUNNER	TRUSTEE	1.00	Director	$0	$0	$0
SPENCER STATZ	TRUSTEE	1.00	Director	$0	$0	$0
PAUL MAGYAR	TRUSTEE	1.00	Director	$0	$0	$0
DEMETERIUS THOMPSON	TRUSTEE (THRU 8/22/23)	1.00	Director	$76,128	$30,621	$106,749
CHRISTINA BREITLOW	TRUSTEE (START 8/22/23)	1.00	Director	$9,424	$0	$9,424
CHRIS ZION	TRUSTEE (START 9/19/23)	1.00	Director	$0	$0	$0
DON BURKARD	TRUSTEE (START 8/22/23)	1.00	Director	$0	$0	$0
PATRICK CASEY	INSTRUCTOR	40.00	Highest	$120,364	$50,034	$170,398
PAUL HANUS	ASSISTANT TRAINING DIRECTO	40.00	Highest	$125,296	$51,185	$176,481
ROBERT LAMPHEAR	TRAINING INSTRUCTOR	40.00	Highest	$125,648	$51,267	$176,915
RYAN BOGGS	TRAINING INSTRUCTOR	40.00	Highest	$124,124	$49,329	$173,453
PETER ASHBECK	TRAINING INSTRUCTOR	40.00	Highest	$131,002	$52,513	$183,515

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	$4,084,068	$3,562,537	$6,877,965	$521,531
2022	$3,765,073	$3,034,552	$6,651,349	$730,521
2021	$2,433,031	$2,008,420	$5,024,538	$424,611
2020	$2,402,798	$1,742,884	$4,391,135	$659,914
2019	$2,524,940	$1,797,675	$3,483,085	$727,265
2018	$2,205,506	$1,706,071	$2,534,512	$499,435