PLUMBERS UNION 178 - JATC FUND (EIN 440614103) - 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

1905

Legal Domicile

Principal Officer

MICHAEL GOTT

Phone

4178690633

Tax Period

2024-07-01 to 2025-06-30

PLUMBERS UNION 178 - JATC FUND, founded in 1905, is a small nonprofit that reported $398K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $366K left a modest 8% surplus.

Mission

APPRENTICE TRAINING

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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 $4,000

Program Service Revenue $382,691

Investment Income $11,214

Other Revenue $419

TOTAL REVENUE $398,324

Expense Breakdown

Grants Paid $0

Salaries & Benefits $232,812

Fundraising Expenses $0

Program Expenses $366,488

Other Expenses $133,676

TOTAL EXPENSES $366,488

Year-over-Year Comparison

	2024	2023	Change
Revenue	$398,324	$360,860	+0.1%
Expenses	$366,488	$352,680	+0.0%
Net Income	$31,836	$8,180	+2.9%

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

$131,484

Total Directors

$131,484

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUSTIN MCCARTY	PRESIDENT	2.00	Officer Director	$0	$0	$0
KEVIN WHITHEAD	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
STEVEN GLENN CRAIG	MEMBER	2.00	Director	$0	$0	$0
MICHAEL GOTT	BUSINESS MANAGER	2.00	Director	$0	$0	$0
STEVE SMITH	MEMBER	2.00	Director	$0	$0	$0
CHAD BECKLEY	MEMBER	2.00	Director	$0	$0	$0
JUSTIN JOHNS	COORDINATOR	40.00	Officer Director	$87,516	$43,968	$131,484

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	$398,324	$366,488	$341,034	$31,836
2024	$360,860	$352,680	$309,198	$8,180
2023	$378,326	$325,668	$301,018	$52,658
2022	$276,054	$287,475	$248,360	$-11,421
2021	$256,732	$272,474	$259,781	$-15,742
2020	$243,719	$266,635	$275,523	$-22,916
2019	$235,723	$264,421	$298,440	$-28,698

PLUMBERS UNION 178 - JATC FUND