PLUMBERS & STEAMFITTERS LOCAL 184 (EIN 610298400) - 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

1905

Legal Domicile

Principal Officer

DEREK SANDERSON

Phone

2704423213

Tax Period

2023-01-01 to 2023-12-31

PLUMBERS & STEAMFITTERS LOCAL 184, founded in 1905, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2023. Revenue surged 51% from the prior year, signaling strong growth momentum. The organization ran a surplus of $662K, a strong 25% operating margin.

Mission

TO PROMOTE HARMONY AND A GOOD UNDERSTANDING TO FURTHER THE ADVANCEMENT OF THE PIPE FITTING INDUSTRY THROUGH COLLECTIVE BARGAINING AGREEMENTS WHICH PROVIDE BENEFITS TO UNION MEMBERS THROUGH JOB PLACEMENT AND OTHER BENEFITS.

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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 $2,493,307

Investment Income $79,971

Other Revenue $114,793

TOTAL REVENUE $2,688,071

Expense Breakdown

Grants Paid $601,998

Salaries & Benefits $647,149

Fundraising Expenses $0

Other Expenses $777,147

TOTAL EXPENSES $2,026,294

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,688,071	$1,783,838	+0.5%
Expenses	$2,026,294	$1,914,483	+0.1%
Net Income	$661,777	$-130,645	-6.1%

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

$200,948

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEREK SANDERSON	BUSINESS MANAGER	48.00	Officer	$112,839	$0	$112,839
BARRY RICHARDSON	FINANCIAL SECRETARY	40.00	Officer	$88,109	$0	$88,109
DAVID YATES	PRESIDENT	1.00	Officer	$0	$0	$0
SCOTTY BUTLER	VICE PRESIDENT	1.00	Officer	$0	$0	$0
CHRIS SCHEER	EXECUTIVE BOARD	1.00	Officer	$0	$0	$0
TONY ENGLISH	EXECTUVIE BOARD	1.00	Officer	$0	$0	$0
RON PRZYBYLO	EXECTIVE BOARD	1.00	Officer	$0	$0	$0
JONATHAN LONG	FINANCE COMMITTEE	1.00	Officer	$0	$0	$0
MICHAEL TURLEY	FINANCE COMMITTEE	1.00	Officer	$0	$0	$0
MIKE WILSON	FINANCE COMMITTEE	1.00	Officer	$0	$0	$0
MARK CARNEAL	EXAMINING BOARD	1.00	Officer	$0	$0	$0
JOEY COURTNEY	EXAMINING BOARD	1.00	Officer	$0	$0	$0
DUSTIN DARNELL	EXAMINING BOARD	1.00	Officer	$0	$0	$0
MICHAEL SMITH	EXECUTIVE BOARD	1.00	Officer	$0	$0	$0
BRIAN COURTNEY	RECORDING SECRETARY	1.00	Officer	$0	$0	$0
QUENTIN BAILEY	INSIDE GUARD	1.00	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	$2,688,071	$2,026,294	$5,836,540	$661,777
2022	$1,783,838	$1,914,483	$5,126,422	$-130,645
2021	$1,732,719	$2,041,551	$5,273,908	$-308,832
2020	$1,673,209	$1,774,129	$5,578,757	$-100,920
2019	$1,782,249	$1,861,144	$5,677,708	$-78,895
2018	$1,584,095	$1,487,226	$5,756,417	$96,869

PLUMBERS & STEAMFITTERS LOCAL 184