PLUMBERS AND STEAMFITTERS LOCAL UN… - Form 990 Financial Data

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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

1996

Legal Domicile

Principal Officer

PASQUALE PETROVIA

Phone

4108729500

Tax Period

2023-01-01 to 2023-12-31

PLUMBERS AND STEAMFITTERS LOCAL UNION 486 JOINT JOURNEYMAN AND APPRENTICE TRA, founded in 1996, is a community nonprofit that reported $4.7M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.0M, a strong 43% operating margin.

Mission

EDUCATION OF APPRENTICES/JOURNEYMEN.

Program Service Accomplishments

Program 1

Expenses: $1,410,289 Revenue: $4,550,799

PROVIDE EDUCATION AND TRAINING TO APPRENTICES, ALLOWING THEM TO ACQUIRE THE NECESSARY SKILLS TO EXECUTE THEIR EMPLOYEMENT DUTIES. ALSO, EDUCATION FOR JOURNEYMEN TO KEEP ABREAST OF TECHNOLOGICAL...

PROVIDE EDUCATION AND TRAINING TO APPRENTICES, ALLOWING THEM TO ACQUIRE THE NECESSARY SKILLS TO EXECUTE THEIR EMPLOYEMENT DUTIES. ALSO, EDUCATION FOR JOURNEYMEN TO KEEP ABREAST OF TECHNOLOGICAL CHANGE.

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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 $64,000

Program Service Revenue $4,309,670

Investment Income $44,094

Other Revenue $241,129

TOTAL REVENUE $4,658,893

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,103,009

Fundraising Expenses $0

Program Expenses $1,410,289

Other Expenses $1,569,298

TOTAL EXPENSES $2,672,307

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,658,893	$4,049,116	+0.2%
Expenses	$2,672,307	$2,714,213	0.0%
Net Income	$1,986,586	$1,334,903	+0.5%

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

Volunteers

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

$85,201

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVE WILLIAMS	TRUSTEE (UNTIL 8/2/23); SNR TRAINING COORDINATOR	40.00	Director	$56,061	$29,140	$85,201
PASQUALE PETROVIA	CO-CHAIR	4.00	Director	$0	$0	$0
DONALD MICIK JR	CO-CHAIR	4.00	Director	$0	$0	$0
TIMOTHY HEUER	TRUSTEE	4.00	Director	$0	$0	$0
JOHN LAUBACH	TRUSTEE	4.00	Director	$0	$0	$0
CHUCK DANIEL	TRUSTEE	4.00	Director	$0	$0	$0
JEFFREY ASHE	TRUSTEE	4.00	Director	$0	$0	$0
DONALD CAMPBELL	TRUSTEE	4.00	Director	$0	$0	$0
TODD ECKLEY	TRUSTEE	4.00	Director	$0	$0	$0
CHARLES PETROVIA	TRAINING DIRECTOR	40.00	Highest	$113,337	$45,011	$158,348

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	$4,658,893	$2,672,307	$10,702,679	$1,986,586
2022	$4,049,116	$2,714,213	$8,577,950	$1,334,903
2021	$3,323,830	$2,330,000	$7,357,804	$993,830
2020	$2,994,979	$1,689,592	$6,866,310	$1,305,387
2020	$2,994,979	$1,689,592	$6,866,310	$1,305,387
2019	$2,464,925	$1,640,709	$5,161,344	$824,216
2018	$1,997,440	$1,509,892	$4,205,232	$487,548

PLUMBERS AND STEAMFITTERS LOCAL UNION 486 JOINT JOURNEYMAN AND APPRENTICE TRA