Plumbers Joint Apprenticeship & Education Committee

EIN: 590812901 501(c)(3)

Miami Lakes, FL

Total Revenue
$574,527
Total Expenses
$631,789
Total Assets
$809,040
Net Assets
$793,901
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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
1972
Legal Domicile
FL
Principal Officer
Joseph Clotfelter
Phone
3058229411
Tax Period
2024-04-01 to 2025-03-31

Plumbers Joint Apprenticeship & Education Committee, founded in 1972, is a small nonprofit that reported $575K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year.

Mission

The Funds purpose is to provide training and education benefits to eligible participants under terms of a collective bargaining agreement between the various employers and the Plumbers Local Union 519.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $151,500
Program Service Revenue $389,095
Investment Income $22,597
Other Revenue $11,335
TOTAL REVENUE $574,527

Expense Breakdown

Grants Paid $0
Salaries & Benefits $306,642
Fundraising Expenses $0
Program Expenses $397,233
Other Expenses $325,147
TOTAL EXPENSES $631,789

Year-over-Year Comparison

2024 2023 Change
Revenue $574,527 $632,138 -0.1%
Expenses $631,789 $610,000 +0.0%
Net Income $-57,262 $22,138 -3.6%
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

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Governance

Voting Members
6
Independent Members
6
Employees
18
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
0
$0
Total Directors
8
$74,619
Key Employees
1
$74,619
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Joseph Clotfelter Director of Training 040.00
Director Key Emp Highest
$74,619 $0 $74,619
Pete McCann Employer Trustee 001.00
Director
$0 $0 $0
Wayne Orr Employer Trustee 001.00
Director
$0 $0 $0
William Ferluga Employer Trustee 001.00
Director
$0 $0 $0
Jonathan Ellet Secretary 001.00
Director
$0 $0 $0
Timothy Rourke Labor Trustee 001.00
Director
$0 $0 $0
Jeff Penniston Chairman 001.00
Director
$0 $0 $0
Cody Penniston Chairman 001.00
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
2025 $574,527 $631,789 $809,040 $-57,262
2024 $632,138 $610,000 $862,604 $22,138
2023 $559,833 $644,234 $844,385 $-84,401
2022 $457,428 $526,892 $913,426 $-69,464
2021 $541,966 $545,028 $986,814 $-3,062
2020 $680,265 $698,444 $936,985 $-18,179
2019 $718,435 $619,714 $991,342 $98,721
2018 $767,274 $538,531 $889,499 $228,743
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