PLUMBERS & STEAMFITTERS LOCAL 150 (EIN 580510571) - 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

1940

Legal Domicile

Principal Officer

WILLIAM WRIGHT

Phone

7067248846

Tax Period

2023-01-01 to 2023-12-31

PLUMBERS & STEAMFITTERS LOCAL 150, founded in 1940, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $611K, a strong 26% operating margin.

Mission

TO PROVIDE SERVICE ASSISTANCE TO THE MEMBERSHIP

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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 $1,638,558

Program Service Revenue $65,999

Investment Income $627,378

Other Revenue $0

TOTAL REVENUE $2,331,935

Expense Breakdown

Grants Paid $0

Salaries & Benefits $505,452

Fundraising Expenses $0

Other Expenses $1,214,991

TOTAL EXPENSES $1,720,443

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,331,935	$2,005,547	+0.2%
Expenses	$1,720,443	$1,810,507	0.0%
Net Income	$611,492	$195,040	+2.1%

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

$106,088

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	SECTY/TREAS	050.00	Officer	$104,177	$0	$104,177
N/A	PRESIDENT	002.00	Officer	$682	$0	$682
N/A	RECODING SECTY	002.00	Officer	$614	$0	$614
N/A	EXEC BOARD	002.00	Officer	$215	$0	$215
N/A	PRES/EXEC BOARD	002.00	Officer	$185	$0	$185
N/A	EXEC BOARD	002.00	Officer	$154	$0	$154
N/A	EXEC BOARD	002.00	Officer	$61	$0	$61
N/A	INSIDE GUARD	002.00	Officer	$0	$0	$0
N/A	FINANCE COMM	002.00	Officer	$0	$0	$0
N/A	FINANCE COMM	002.00	Officer	$0	$0	$0
N/A	FINANCE COMM	002.00	Officer	$0	$0	$0
N/A	EXAM BOARD	002.00	Officer	$0	$0	$0
N/A	EXAM BOARD	002.00	Officer	$0	$0	$0
N/A	EXAM BOARD	002.00	Officer	$0	$0	$0
N/A	EXAM BOARD	002.00	Officer	$0	$0	$0
N/A	EXAM BOARD	002.00	Officer	$0	$0	$0
N/A	EXAM BOARD	002.00	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	No data	No data	No data	No data
2023	$2,331,935	$1,720,443	$19,851,368	$611,492
2022	$1,926,848	$1,732,886	$19,256,057	$193,962
2021	$4,332,479	$2,423,204	$19,176,183	$1,909,275
2020	$5,953,584	$3,081,372	$17,421,782	$2,872,212
2019	$5,964,180	$2,742,229	$14,556,770	$3,221,951
2018	$3,585,657	$1,717,275	$11,086,243	$1,868,382

PLUMBERS & STEAMFITTERS LOCAL 150