UNITED ASSOCIATION OF JOURNEYMEN OF THE PLUMBING & PIPEFITTING INDUSTRY L562 (EIN 430560620) - 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

1912

Legal Domicile

Principal Officer

JOHN J O'MARA

Phone

3143551000

Tax Period

2023-01-01 to 2023-12-31

UNITED ASSOCIATION OF JOURNEYMEN OF THE PLUMBING & PIPEFITTING INDUSTRY L562, founded in 1912, is a mid-sized nonprofit that reported $19.9M in total revenue in fiscal year 2023. Revenue surged 168% from the prior year, signaling strong growth momentum. The organization ran a surplus of $7.2M, a strong 36% operating margin.

Mission

TO ACHIEVE BY ORGANIZATION THE IMPROVEMENT OF THE SOCIAL AND ECONOMIC CONDITIONS OF EMPLOYEES IDENTIFIED WITH THE PLUMBERS AND PIPEFITTERS INDUSTRIES.

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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 $14,392,131

Program Service Revenue $0

Investment Income $5,055,037

Other Revenue $452,726

TOTAL REVENUE $19,899,894

Expense Breakdown

Grants Paid $210,608

Salaries & Benefits $7,950,447

Fundraising Expenses $0

Other Expenses $4,563,104

TOTAL EXPENSES $12,724,159

Year-over-Year Comparison

	2023	2022	Change
Revenue	$19,899,894	$7,422,429	+1.7%
Expenses	$12,724,159	$12,847,563	0.0%
Net Income	$7,175,735	$-5,425,134	-2.3%

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

N/A

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

$3,668,067

Total Directors

$262,102

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIMOTHY BRICE II	EXECUTIVE BOARD	2.00	Officer Director	$9,626	$0	$9,626
SCOTT KIELY	FINANCE COMMITTEE	2.00	Officer Director	$4,075	$0	$4,075
RONALD ARBUTHNOT	FINANCE COMMITTEE	2.00	Officer Director	$4,075	$0	$4,075
MARK W MENSIO	FINANCE COMMITTEE	2.00	Officer Director	$4,075	$0	$4,075
WILLIAM DOHERTY	BUSINESS AGENT	1.00	Officer Director	$141,101	$99,150	$240,251
JOHN J O'MARA	BUSINESS MANAGER/SECRETARY	44.00	Officer	$191,619	$117,710	$309,329
BRIAN J NICHOLS	PRESIDENT/ASSISTANT BUSINE	44.00	Officer	$166,730	$108,430	$275,160
MARK J COLLOM	DIRECTOR OF WELFARE	44.00	Officer	$0	$0	$0
MARTIN B MCCLIMENS	RECORDING SECRETARY	50.00	Officer	$4,905	$0	$4,905
LAWRENCE F BAKER JR	BUSINESS AGENT	55.00	Officer	$126,775	$95,349	$222,124
RICHARD M KELLETT	BUSINESS AGENT	55.00	Officer	$142,513	$99,150	$241,663
JAMES J LANE	BUSINESS AGENT	55.00	Officer	$138,955	$99,150	$238,105
MICHAEL J O'CONNELL III	VICE PRESIDENT/BUSINESS AG	55.00	Officer	$140,754	$99,150	$239,904
SCOTT E RAMSHAW	GOVERNMENT RELATIONS & BUS	55.00	Officer	$140,457	$99,150	$239,607
FREDERICK SEARCY JR	DIRECTOR OF MINORITY RECRU	55.00	Officer	$121,817	$92,655	$214,472
THOMAS MALECEK	POLITICAL DIRECTOR	40.00	Officer	$89,759	$51,638	$141,397
MARK E REESE	EXAMINING BOARD	2.00	Officer	$3,455	$0	$3,455
PAUL E GALLAGHER	EXAMINING BOARD	2.00	Officer	$3,455	$0	$3,455
VICTOR H AMIDON	EXECUTIVE BOARD	2.00	Officer	$4,830	$0	$4,830
ANDREW FINKLANG	INSIDE GUARD	2.00	Officer	$10,904	$0	$10,904
DARYL W HUNTER	INSIDE GUARD	2.00	Officer	$8,363	$0	$8,363
CHRISTOPHER M KNIGHT	INSIDE GUARD	2.00	Officer	$4,555	$0	$4,555
JEFFREY S SILLER	INSIDE GUARD	2.00	Officer	$4,166	$0	$4,166
KEVIN O'MARA	EXAMINING BOARD	2.00	Officer	$800	$0	$800
TIMOTHY KELLY	EXECUTIVE BOARD	1.00	Officer	$7,765	$0	$7,765
MARK MORGAN	BUSINESS AGENT	1.00	Officer	$139,644	$99,150	$238,794
ROY KLEBBA	BUSINESS AGENT	1.00	Officer	$139,351	$99,150	$238,501
CHARLES HARR	BUSINESS AGENT	1.00	Officer	$140,712	$99,150	$239,862
STEPHEN GARNER	BUSINESS AGENT	1.00	Officer	$140,886	$99,150	$240,036
BRIAN CHUMLEY	BUSINESS AGENT	1.00	Officer	$165,383	$108,430	$273,813

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	$19,899,894	$12,724,159	$56,253,990	$7,175,735
2022	$7,422,429	$12,847,563	$49,033,416	$-5,425,134
2021	$16,649,601	$11,813,977	$54,466,118	$4,835,624
2020	$11,493,337	$12,790,921	$49,957,687	$-1,297,584
2019	$11,203,651	$8,444,535	$47,875,643	$2,759,116
2018	$9,732,914	$8,595,076	$41,312,837	$1,137,838

UNITED ASSOCIATION OF JOURNEYMEN OF THE PLUMBING & PIPEFITTING INDUSTRY L562