Jacksonville Piping Promotion Trust

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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

1970

Legal Domicile

Principal Officer

Troy Carver

Phone

9047812112

Tax Period

2023-07-01 to 2024-06-30

Jacksonville Piping Promotion Trust, founded in 1970, is a micro nonprofit that reported $77K in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. The organization ran a surplus of $18K, a strong 23% operating margin.

Mission

Promotes Union piping and plumbing industry

Program Service Accomplishments

Program 1

Expenses: $59,203

By promoting the Union Piping Industry, enrollment of apprentices will increase to better utilize the training facilities established for educational purposes. This should enable Union employers to...

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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 $66,125

Investment Income $4,535

Other Revenue $6,714

TOTAL REVENUE $77,374

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,732

Fundraising Expenses $0

Program Expenses $59,203

Other Expenses $41,471

TOTAL EXPENSES $59,203

Year-over-Year Comparison

	2023	2022	Change
Revenue	$77,374	$83,287	-0.1%
Expenses	$59,203	$43,986	+0.3%
Net Income	$18,171	$39,301	-0.5%

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

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
R Troy Carver	Management Trustee	N/A	Director	$0	$0	$0
Paul Jones	Management Trustee	N/A	Director	$0	$0	$0
Chip Bozemen	Management Trustee	N/A	Director	$0	$0	$0
Larry Turknett	Observer	N/A	Director	$0	$0	$0
I Nathan Hartley	Union Advisor	N/A	Director	$0	$0	$0
David D Boree	Observer	N/A	Director	$0	$0	$0
Peter Nolen	Observer	N/A	Director	$0	$0	$0
Kyle Coker	Observer	N/A	Director	$0	$0	$0
Ronald E Andrews	Union Advisor	N/A	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	No data	No data	No data	No data
2024	$77,374	$59,203	$347,702	$18,171
2023	$83,287	$43,986	$329,531	$39,301
2022	$74,554	$48,291	$290,230	$26,263
2021	$61,247	$49,616	$263,967	$11,631