PLUMBERS-NO 8 EDUCATIONAL TRAINING FUND (EIN 440607605) - 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

1983

Legal Domicile

Principal Officer

MATT HENDRIX

Phone

8168958888

Tax Period

2024-05-01 to 2025-04-30

PLUMBERS-NO 8 EDUCATIONAL TRAINING FUND, founded in 1983, is a community nonprofit in the Employment sector that reported $2.1M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $1.8M left a modest 15% surplus.

Mission

TRAINING OF PLUMBERS AND PLUMBER APPRENTICES.

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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 $20,796

Program Service Revenue $1,971,674

Investment Income $120,618

Other Revenue $0

TOTAL REVENUE $2,113,088

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,091,901

Fundraising Expenses $0

Program Expenses $1,600,539

Other Expenses $704,861

TOTAL EXPENSES $1,796,762

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,113,088	$1,869,756	+0.1%
Expenses	$1,796,762	$963,646	+0.9%
Net Income	$316,326	$906,110	-0.7%

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

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

$238,535

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM NIEZNAJKO	TRAINING COO	40.00		$165,770	$80,443	$246,213
MATT HENDRIX	ASSISTANT TR	40.00	Officer	$159,837	$78,698	$238,535
TOM AXTELL	TRUSTEE	2.00	Director	$0	$0	$0
RYAN EDER	TRUSTEE	2.00	Director	$0	$0	$0
TOM GANN	TRUSTEE	2.00	Director	$0	$0	$0
MATT HARRIS	TRUSTEE	2.00	Director	$0	$0	$0
CRAIG MULLINS	TRUSTEE	2.00	Director	$0	$0	$0
CHRISTOPHER RIMEL	TRUSTEE	2.00	Director	$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
2025	$2,113,088	$1,796,762	$4,257,013	$316,326
2024	$1,869,756	$1,638,092	$3,942,471	$231,664
2023	$1,738,228	$1,378,132	$3,723,715	$360,096
2023	$1,591,075	$1,378,132	$3,576,562	$212,943
2022	$1,702,455	$1,049,112	$3,336,573	$653,343
2021	$1,442,920	$878,261	$2,676,906	$564,659
2021	$1,442,920	$878,261	$2,676,906	$564,659
2020	$1,478,293	$960,636	$2,104,494	$517,657
2019	$1,304,672	$1,077,508	$1,603,690	$227,164
2018	$1,362,935	$941,025	$1,357,762	$421,910

PLUMBERS-NO 8 EDUCATIONAL TRAINING FUND