FLORIDA PIPE TRADES COUNCIL INC

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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

2000

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

FLORIDA PIPE TRADES COUNCIL INC, founded in 2000, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2023. Revenue fell 27% from the prior year — a significant decline worth monitoring.

Mission

To promote and protect the pipefitting industry and the conditions of employment in the State of Florida

Program Service Accomplishments

Program 1

Expenses: $1,786,897

The program promotes and protect the Plumbing and Pipefitting Industry.

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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 $893,333

Program Service Revenue $464,364

Investment Income $0

Other Revenue $633,353

TOTAL REVENUE $1,991,050

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,404,411

Fundraising Expenses $0

Program Expenses $1,786,897

Other Expenses $747,444

TOTAL EXPENSES $2,151,855

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,991,050	$2,738,044	-0.3%
Expenses	$2,151,855	$2,426,303	-0.1%
Net Income	$-160,805	$311,741	-1.5%

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

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

$7,400

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Brett Mirsky	Vice President	002.00	Officer	$7,400	$0	$7,400
Kenneth E Scott	Secretary/Treasurer	002.00	Officer	$0	$0	$0
Ronald E Andrews	President	002.00	Officer	$0	$0	$0
Richard Cranker	Executive Board	002.00	Officer	$0	$0	$0
Edward Sarkowski	Executive Board	002.00	Officer	$0	$0	$0
Jeffrey Penninston	Executive Board	002.00	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
2024	No data	No data	No data	No data
2023	$1,991,050	$2,151,855	$1,116,815	$-160,805
2022	$2,738,044	$2,426,303	$1,266,029	$311,741
2021	$2,523,994	$2,193,041	$953,423	$330,953
2020	$2,045,058	$1,812,972	$618,581	$232,086
2019	$1,408,762	$1,199,518	$416,983	$209,244
2018	$847,710	$866,612	$163,961	$-18,902