ATLANTA PLUMBERS & STEAMFITTERS (EIN 580625978) - 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

1973

Legal Domicile

Principal Officer

TERRY NEWSOME JR

Phone

9542666322

Tax Period

2023-01-01 to 2023-12-31

ATLANTA PLUMBERS & STEAMFITTERS, founded in 1973, is a mid-sized nonprofit that reported $37.9M in total revenue in fiscal year 2023. The organization ran a surplus of $8.2M, a strong 22% operating margin.

Mission

TO PROVIDE HEALTH INSURANCE BENEFITS TO ELIGIBLE PARTICIPANTS

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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 $0

Program Service Revenue $37,059,593

Investment Income $840,071

Other Revenue $0

TOTAL REVENUE $37,899,664

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $2,052,170

TOTAL EXPENSES $29,671,659

Year-over-Year Comparison

	2023	2022	Change
Revenue	$37,899,664	$35,388,041	+0.1%
Expenses	$29,671,659	$26,354,509	+0.1%
Net Income	$8,228,005	$9,033,532	-0.1%

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

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

$509,026

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERRY NEWSOME JR	LABOR TRUSTEE - CO-CHAIR	2.00	Director	$0	$0	$113,773
DAVID EVANS	LABOR TRUSTEE	2.00	Director	$0	$0	$97,785
JARRET WADE	LABOR TRUSTEE	2.00	Director	$0	$0	$97,785
STEVE NEWSOME	LABOR TRUSTEE	2.00	Director	$0	$0	$97,785
JIM ESTABROOK	MANAGEMENT TRUSTEE	2.00	Director	$0	$0	$0
ANDY SUMPTER	MANAGEMENT TRUSTEE	2.00	Director	$0	$0	$0
JIM F THOMAS	MANAGEMENT TRUSTEE	2.00	Director	$0	$0	$0
JOHN MCKENNY	MANAGEMENT TRUSTEE	2.00	Director	$0	$0	$0
JON STERLING	MANAGEMENT TRUSTEE - CO-CH	2.00	Director	$0	$0	$0
ALAN TOMBERLIN	LABOR TRUSTEE	2.00	Director	$0	$0	$101,898

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	$37,899,664	$29,671,659	$51,640,270	$8,228,005
2022	$35,388,041	$26,354,509	$41,135,157	$9,033,532
2021	$35,306,908	$27,934,223	$35,100,852	$7,372,685
2020	$32,060,918	$28,249,638	$27,766,674	$3,811,280
2019	$36,358,210	$26,958,203	$23,996,659	$9,400,007
2018	$35,458,983	$26,675,282	$14,662,851	$8,783,701

ATLANTA PLUMBERS & STEAMFITTERS