PLUMBERS AND PIPEFITTERS LOCAL UNION NO 538 EDUCATIONAL TRUST FUND (EIN 473376798) - 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

2016

Legal Domicile

Principal Officer

RANDY FRYE

Phone

4239285751

Tax Period

2023-07-01 to 2024-06-30

PLUMBERS AND PIPEFITTERS LOCAL UNION NO 538 EDUCATIONAL TRUST FUND, founded in 2016, is a small nonprofit in the Employment sector that reported $149K in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring.

Mission

TO PROVIDE TRAINING TO APPRENTICES AND JOUNREYMAN OF UA LOCAL UNION 538

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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 $65,500

Program Service Revenue $83,402

Investment Income $0

Other Revenue $0

TOTAL REVENUE $148,902

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $146,186

Other Expenses $155,057

TOTAL EXPENSES $155,057

Year-over-Year Comparison

	2023	2022	Change
Revenue	$148,902	$188,878	-0.2%
Expenses	$155,057	$176,645	-0.1%
Net Income	$-6,155	$12,233	-1.5%

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

$111,893

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOE RHODES	TRUSTEE	1.00	Director	$0	$0	$0
FRANKLIN LANE	TRUSTEE	1.00	Director	$0	$0	$0
SHANNON SCALF	TRUSTEE	1.00	Director	$0	$0	$0
JOSH MORROW	TRUSTEE	1.00	Director	$0	$0	$0
RANDY FRYE	TRUSTEE	1.00	Director	$0	$0	$111,893

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	No data	No data	No data	No data
2024	$148,902	$155,057	$90,221	$-6,155
2023	$188,878	$176,645	$92,151	$12,233
2022	$192,327	$200,024	$79,918	$-7,697
2021	$250,781	$211,615	$87,615	$39,166

PLUMBERS AND PIPEFITTERS LOCAL UNION NO 538 EDUCATIONAL TRUST FUND