PLUMBERS & STEAMFITTERS LU 248 EDUCATION & TRAINING FUND (EIN 610702094) - 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

Legal Domicile

Principal Officer

BEN COLLIER

Phone

6063252544

Tax Period

2023-04-01 to 2024-03-31

PLUMBERS & STEAMFITTERS LU 248 EDUCATION & TRAINING FUND is a small nonprofit that reported $530K in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $481K left a modest 9% surplus.

Mission

THE FUND PROVIDES TRAINING FOR NEW APPRETICES ENTERING THE CRAFT. IT ALSO PROVIDES CONTINUING EDUCATION TO PREPARE MEMBERS FOR CHANGES IN THE 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 $530,007

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $530,007

Expense Breakdown

Grants Paid $0

Salaries & Benefits $287,699

Fundraising Expenses $0

Other Expenses $154,165

TOTAL EXPENSES $480,617

Year-over-Year Comparison

	2023	2022	Change
Revenue	$530,007	$430,342	+0.2%
Expenses	$480,617	$461,099	+0.0%
Net Income	$49,390	$-30,757	-2.6%

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

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
BEN COLLIER	EMPLOYEE TRU	1.00	Director	$0	$0	$0
MICHAEL GULLETT	CHAIRMAN	1.00	Director	$0	$0	$0
ANTHONY LEWIS	TRUSTEE	1.00	Director	$0	$0	$0
SCOTT TAYLOR	EMPLOYER TRU	1.00	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	No data	No data	No data	No data
2024	No data	No data	$387,802	No data
2024	$530,007	$480,617	$397,682	$49,390
2023	$430,342	$461,099	$387,802	$-30,757
2022	$449,276	$355,916	$408,181	$93,360
2021	$362,395	$306,030	$310,035	$56,365
2020	No data	No data	$160,720	No data
2020	$437,546	$341,433	$255,330	$96,113
2019	$290,904	$328,682	$160,720	$-37,778
2018	$278,878	$316,079	$200,772	$-37,201

PLUMBERS & STEAMFITTERS LU 248 EDUCATION & TRAINING FUND