Plumbers & Pipefitters Local 421

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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

1997

Legal Domicile

Phone

8435543655

Tax Period

2023-01-01 to 2023-12-31

Plumbers & Pipefitters Local 421, founded in 1997, is a community nonprofit that reported $3.1M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $484K, a strong 16% operating margin.

Mission

The Union and its employees work for the benefit of its membership including negotiations of wages, benefits and working conditions.

Program Service Accomplishments

Program 1

Expenses: $2,592,354

The Union represents its members regarding wages, benefits and working conditions

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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 $2,672,720

Program Service Revenue $350,633

Investment Income $36,646

Other Revenue $16,111

TOTAL REVENUE $3,076,110

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,002,234

Fundraising Expenses $0

Program Expenses $2,592,354

Other Expenses $1,465,210

TOTAL EXPENSES $2,592,354

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,076,110	$2,754,507	+0.1%
Expenses	$2,592,354	$2,286,241	+0.1%
Net Income	$483,756	$468,266	+0.0%

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

$560,135

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Larry K Batson	Bus Mgr/Fin Sec	040.00	Officer Highest	$182,861	$0	$182,861
Timothy R Clark	Executive Board	040.00	Officer	$129,012	$0	$129,012
David Leonardi	Recording Secretary	040.00	Officer	$129,012	$0	$129,012
Robert Hughes	Recording Secretary	001.00	Officer	$119,250	$0	$119,250
David Oleszek	President	001.00	Officer	$0	$0	$0
Perry S Howard	Executve Bpard	001.00	Officer	$0	$0	$0
Evelio Martinez	Vice President	001.00	Officer	$0	$0	$0
Allen Parks	Executive Board	001.00	Officer	$0	$0	$0
James Pearson	Executive Board	001.00	Officer	$0	$0	$0
Frank Alaggio	Finance Committee	001.00	Officer	$0	$0	$0
Timothy Kennedy	Finance Committee	001.00	Officer	$0	$0	$0
Carroll Garett	Finance Committee	001.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$3,076,110	$2,592,354	$4,581,811	$483,756
2022	$2,754,507	$2,286,241	$4,014,101	$468,266
2021	$2,759,580	$2,208,930	$3,801,739	$550,650
2020	$2,902,282	$2,302,803	$4,131,296	$599,479
2019	$3,126,033	$2,338,466	$3,521,383	$787,567
2018	$2,406,843	$1,960,940	$2,675,391	$445,903