PLUMBERS & STEAMFITTERS LOCAL UNION # 486 (EIN 521908936) - 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

1995

Legal Domicile

Principal Officer

PASQUALE PETROVIA

Phone

4108664380

Tax Period

2024-01-01 to 2024-12-31

PLUMBERS & STEAMFITTERS LOCAL UNION # 486, founded in 1995, is a community nonprofit that reported $5.6M in total revenue in fiscal year 2024. The organization ran a surplus of $996K, a strong 18% operating margin.

Mission

LABOR ORGANIZATION

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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 $6,301,817

Program Service Revenue $0

Investment Income $-554,652

Other Revenue $-118,851

TOTAL REVENUE $5,628,314

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,701,605

Fundraising Expenses $0

Other Expenses $2,930,825

TOTAL EXPENSES $4,632,430

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,628,314	$5,682,785	0.0%
Expenses	$4,632,430	$4,983,119	-0.1%
Net Income	$995,884	$699,666	+0.4%

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

$1,404,761

Total Directors

$8,965

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID WILLIAMS	EXECUTIVE BOARD	4.00	Director	$500	$0	$550
JEREMY SMITH	PRESIDENT	4.00	Director	$1,090	$0	$1,090
KENNETH KAHL	FINANCE COMMITTEE	4.00	Director	$100	$0	$100
KYLE BROWER	BENEVOLENCE FUND	4.00	Director	$100	$0	$100
ROBERT BENNETT JR	VICE-PRESIDENT	4.00	Director	$650	$0	$1,100
JUSTIN GANZERMILLER	RECORDING SECRETARY	4.00	Director	$1,725	$0	$1,725
AUSTIN M RUTKOWSKI	FINANCE COMMITTEE	4.00	Director	$350	$0	$350
JOSHUA G ROYCROFT	EXECUTIVE BOARD	4.00	Director	$500	$0	$550
KENNETH D SCOTT	FINANCE COMMITTEE	4.00	Director	$550	$0	$600
THEODORE BURRIS	INSIDE GUARD	4.00	Director	$750	$0	$750
JOHN LAUBACH	EXECUTIVE BOARD	4.00	Director	$700	$0	$700
KYLE ELROD	EXECUTIVE BOARD	4.00	Director	$550	$0	$600
NICHOLAS SPECA	BENEVOLENCE FUND	4.00	Director	$200	$0	$200
STEPHEN HART	BENEVOLENCE FUND	4.00	Director	$200	$0	$200
JONATHAN KAMINSKI	BENEVOLENCE FUND	4.00	Director	$200	$0	$200
BRANDON ROSE	BENEVOLENCE FUND	4.00	Director	$150	$0	$150
CHRISTOPHER ANDERSON JR	BUSINESS AGENT	40.00	Officer	$550	$0	$600
GARY GLAB	FINANCIAL SECRETARY	40.00	Officer	$112,372	$85,716	$198,738
GERALD JACKSON	BUSINESS AGENT	40.00	Officer	$114,972	$85,716	$200,688
HARRY SCHLEICHER JR	BUSINESS AGENT	40.00	Officer	$114,972	$85,716	$200,738
PASQUALE PETROVIA	BUSINESS MANAGER	40.00	Officer	$121,099	$85,716	$206,865
C RYAN AMBROSE	BUSINESS AGENT	40.00	Officer	$114,972	$85,716	$200,738
STEPHEN NITSCH	BUSINESS AGENT	40.00	Officer	$114,972	$85,716	$200,688
TODD ECKLEY	LEAD ORGANIZER	40.00	Officer	$109,940	$85,716	$195,706
MICHAEL FOX JR	GOLF COMMITTEE	4.00	Officer	$0	$0	$0
CHARLES PETROVIA	GOLF COMMITTEE	4.00	Officer	$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
2024	$5,628,314	$4,632,430	$15,932,875	$995,884
2023	$5,682,785	$4,983,119	$13,410,375	$699,666
2022	$5,950,459	$4,430,238	$11,512,639	$1,520,221
2021	$6,092,669	$4,156,507	$12,184,750	$1,936,162
2020	$5,690,378	$4,149,755	$10,163,657	$1,540,623
2019	$5,665,436	$4,087,082	$8,578,090	$1,578,354
2018	$5,790,795	$3,477,809	$6,926,086	$2,312,986

PLUMBERS & STEAMFITTERS LOCAL UNION # 486