PLUMBERS & PIPEFITTERS LU 421 LABOR MANAGEMENT FUND (EIN 582442647) - 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

1999

Legal Domicile

Phone

8435543655

Tax Period

2024-01-01 to 2024-12-31

PLUMBERS & PIPEFITTERS LU 421 LABOR MANAGEMENT FUND, founded in 1999, is a community nonprofit in the Employment sector that reported $1.7M in total revenue in fiscal year 2024. Revenue surged 136% from the prior year, signaling strong growth momentum. The organization ran a surplus of $761K, a strong 44% operating margin.

Mission

Coordinated effort by labor and management to promote the plumbing and pipe fitting industry throughout North and South Carolina through education, advertising and marketing efforts.

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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 $1,651,692

Investment Income $61,446

Other Revenue $0

TOTAL REVENUE $1,713,138

Expense Breakdown

Grants Paid $806,411

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $951,836

Other Expenses $145,425

TOTAL EXPENSES $951,836

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,713,138	$727,187	+1.4%
Expenses	$951,836	$541,017	+0.8%
Net Income	$761,302	$186,170	+3.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tim Clark	Trustee	002.00	Director	$0	$0	$0
Caroll Garrett	Trustee	002.00	Director	$0	$0	$0
Zane Gauldin	Trustee	002.00	Director	$0	$0	$0
Jeff Morgan	Trustee	002.00	Director	$0	$0	$0
Rod Hargrave	Trustee	002.00	Director	$0	$0	$0
David Leonardi	Trustee	002.00	Director	$0	$0	$0
Larry K Batson	Trustee	002.00	Director	$0	$0	$0
Perry S Howard	Trustee	002.00	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	$1,713,138	$951,836	$2,607,334	$761,302
2023	$727,187	$541,017	$1,718,217	$186,170
2022	$576,542	$422,672	$1,454,117	$153,870
2021	$629,265	$344,316	$1,505,612	$284,949
2020	$521,189	$285,241	$1,103,369	$235,948
2019	$507,491	$359,921	$880,838	$147,570
2018	$344,302	$316,151	$647,416	$28,151

PLUMBERS & PIPEFITTERS LU 421 LABOR MANAGEMENT FUND