Plumbers JATC Fund Local 521

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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

1976

Legal Domicile

Phone

3045238489

Tax Period

2024-01-01 to 2024-12-31

Plumbers JATC Fund Local 521, founded in 1976, is a small nonprofit that reported $181K in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $202K exceeded revenue, resulting in a 12% operating deficit.

Mission

The fund is a joint effort between the Huntington Master Plumbers and Local Union 521 Plumbers & Fitters. The purpose is to improve the skills of local plumbers and fitters through education and training.

Program Service Accomplishments

Program 1

Expenses: $174,291

Educates local eligible workers in order to secure improved wages, safety on the jobs, better working environment, and other economic advantages.

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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 $0

Program Service Revenue $169,563

Investment Income $11,050

Other Revenue $293

TOTAL REVENUE $180,906

Expense Breakdown

Grants Paid $0

Salaries & Benefits $90,122

Fundraising Expenses $0

Program Expenses $174,291

Other Expenses $111,852

TOTAL EXPENSES $201,974

Year-over-Year Comparison

	2024	2023	Change
Revenue	$180,906	$146,813	+0.2%
Expenses	$201,974	$198,797	+0.0%
Net Income	$-21,068	$-51,984	-0.6%

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

Total Directors

$194,240

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
George A Kisor	Trustee	1.00	Director	$0	$85,028	$180,542
Scott Knipp	Trustee	1.00	Director	$0	$6,431	$13,698
Frank R Ferguson	Trustee	2.00	Director	$0	$0	$0
James L Johnson	Trustee	1.00	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
2024	$180,906	$201,974	$477,914	$-21,068
2023	$146,813	$198,797	$497,699	$-51,984
2022	$213,762	$161,297	$550,505	$52,465
2021	$117,023	$128,132	$496,615	$-11,109
2020	$128,739	$147,713	$506,833	$-18,974
2019	$238,336	$172,815	$530,684	$65,521
2018	$158,882	$198,689	$461,479	$-39,807