Plumbers & Pipefitters Local 177 Joint Apprenticeship & Training Trust Fund (EIN 582125568) - 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

1947

Legal Domicile

Phone

9122651890

Tax Period

2023-01-01 to 2023-12-31

Plumbers & Pipefitters Local 177 Joint Apprenticeship & Training Trust Fund, founded in 1947, is a small nonprofit that reported $439K in total revenue in fiscal year 2023. Revenue surged 75% from the prior year, signaling strong growth momentum. Expenses of $382K left a modest 13% surplus.

Mission

TRAIN APPENTICES AND UPGRADE JOURNEYMEN SKILLS

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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 $436,892

Program Service Revenue $0

Investment Income $1,320

Other Revenue $722

TOTAL REVENUE $438,934

Expense Breakdown

Grants Paid $0

Salaries & Benefits $186,917

Fundraising Expenses $0

Other Expenses $194,704

TOTAL EXPENSES $381,621

Year-over-Year Comparison

	2023	2022	Change
Revenue	$438,934	$250,479	+0.8%
Expenses	$381,621	$274,980	+0.4%
Net Income	$57,313	$-24,501	-3.3%

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

$100,143

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Roger M Johnson	Business Mngr	5.00	Director	$0	$10,625	$100,143
Mike McGraw	Trustee	0.50	Director	$0	$0	$0
EDWARD D GORNTO	Trustee	0.50	Director	$0	$0	$0
Jerry Rewis	Trustee	0.50	Director	$0	$0	$0
PETE BRUNETTI	Trustee	0.50	Director	$0	$0	$0
CHRIS OWENS	Trustee	0.50	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	No data	No data	No data	No data
2023	$438,934	$381,621	$261,648	$57,313
2022	$250,479	$274,980	$198,373	$-24,501
2021	$216,525	$204,129	$217,556	$12,396
2020	$222,605	$181,330	$204,156	$41,275
2019	$219,300	$223,956	$162,362	$-4,656

Plumbers & Pipefitters Local 177 Joint Apprenticeship & Training Trust Fund