PLUMBERS UNION 178 - GENERAL FUND (EIN 440377546) - 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

1905

Legal Domicile

Principal Officer

MICHAEL GOTT

Phone

4178690633

Tax Period

2024-07-01 to 2025-06-30

PLUMBERS UNION 178 - GENERAL FUND, founded in 1905, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $495K, a strong 30% operating margin.

Mission

LOCAL UNION HALL REPRESENTING PLUMBERS AND PIPEFITTERS, REFERRING TO EMPLOYMENT, FURTHERING EDUCATION, RESEARCH AND LOYAL COOPERATION THE INTERESTS OF ITS MEMBERS AND MAKING AGGREMENTS WITH EMPLOYERS ENGAGED IN THE PLUMBING AND PIPEFITTING INDUSTRY SO THAT ALL CONCERNED THEREWITH MAY WORK IN COMPLETE ACCORD AND TO THEIR MUTUAL ADVANTAGE.

🔒

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 $1,598,862

Program Service Revenue $0

Investment Income $5,035

Other Revenue $34,979

TOTAL REVENUE $1,638,876

Expense Breakdown

Grants Paid $0

Salaries & Benefits $566,235

Fundraising Expenses $0

Program Expenses $1,144,096

Other Expenses $422,045

TOTAL EXPENSES $1,144,094

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,638,876	$1,500,669	+0.1%
Expenses	$1,144,094	$1,056,961	+0.1%
Net Income	$494,782	$443,708	+0.1%

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

$277,726

Total Directors

$270,530

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUSTIN MCCARTY	PRESIDENT	40.00	Officer Director	$87,766	$46,874	$134,640
MATTHEW LOWRY	EXECUTIVE BOARD	2.00	Director	$250	$0	$250
CLIF CARNAHAN	EXECUTIVE BOARD	2.00	Director	$250	$0	$250
STEVEN GLENN CRAIG	RECORDING SECRETARY	2.00	Officer Director	$250	$0	$250
KEVIN WHITEHEAD	VICE PRESIDENT	2.00	Officer Director	$250	$0	$250
RICKY TATE	EXECUTIVE BOARD	2.00	Director	$250	$0	$250
JOSHUA MORRIS	EXECUTIVE BOARD	40.00	Director	$87,766	$46,874	$134,640
MICHAEL GOTT	BUSINESS MANAGER/ FIN. SEC	40.00	Officer	$94,123	$48,463	$142,586

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	$1,638,876	$1,144,094	$3,624,889	$494,782
2024	$1,500,669	$1,056,961	$3,078,215	$443,708
2023	$1,467,799	$1,007,229	$2,609,073	$460,570
2022	$1,264,808	$897,395	$2,148,503	$367,413
2021	$1,082,575	$729,852	$1,781,091	$352,723
2020	$1,000,048	$654,183	$1,428,368	$345,865
2019	$939,598	$842,350	$1,082,503	$97,248
2018	$943,343	$720,921	$985,255	$222,422

PLUMBERS UNION 178 - GENERAL FUND