WESTERN MECHANICAL LABOR MANAGEMEN… - Form 990 Financial Data

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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

BOB FELIX

Phone

3037573956

Tax Period

2024-01-01 to 2024-12-31

WESTERN MECHANICAL LABOR MANAGEMENT CONFERENCE INC, founded in 1962, is a small nonprofit in the Community Improvement sector that reported $178K in total revenue in fiscal year 2024. Revenue fell 37% from the prior year — a significant decline worth monitoring.

Mission

PROMOTE BUSINESS INTERESTS AND IMPROVE LABOR RELATIONS AMONG PLUMBING AND MECHANICAL CONTRACTORS AND THE UNITED ASSOCIATION OF PLUMBERS AND PIPEFITTERS.

Program Service Accomplishments

Program 1

PROMOTE BUSINESS INTERESTS AND IMPROVE LABOR RELATIONS AMONG PLUMBING AND MECHANICAL CONTRACTORS AND THE UNITED ASSOCIATION OF PLUMBERS AND PIPEFITTERS.

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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 $32,500

Investment Income $615

Other Revenue $145,080

TOTAL REVENUE $178,195

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $186,378

TOTAL EXPENSES $186,378

Year-over-Year Comparison

	2024	2023	Change
Revenue	$178,195	$282,147	-0.4%
Expenses	$186,378	$238,282	-0.2%
Net Income	$-8,183	$43,865	-1.2%

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

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
BOB FELIX	PRESIDENT	1.0	Officer	$0	$0	$0
MIKE CABLES	OFFICER	1.0	Officer	$0	$0	$0
AL STONE	OFFICER	1.0	Officer	$0	$0	$0
CHIP MARTIN	SECRETARY	1.0	Officer	$0	$0	$0
STEVE VALOT	VICE PRESIDENT/TREASURER	1.0	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	$178,195	$186,378	$82,998	$-8,183
2023	$282,147	$238,282	$91,181	$43,865

WESTERN MECHANICAL LABOR MANAGEMENT CONFERENCE INC