PLUMBERS & STEAMFITTERS LOCAL 184 EDUCATION AND TRAINING FUND (EIN 610723681) - 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

1970

Legal Domicile

Principal Officer

DEREK SANDERSON

Phone

2708987381

Tax Period

2024-05-01 to 2025-04-30

PLUMBERS & STEAMFITTERS LOCAL 184 EDUCATION AND TRAINING FUND, founded in 1970, is a community nonprofit in the Education sector that reported $1.9M in total revenue in fiscal year 2024. Revenue surged 20% from the prior year, signaling strong growth momentum. Expenses of $1.6M left a modest 14% surplus.

Mission

THE ADMINISTRATION AND OPERATION OF AN APPRENTICESHIP TRAINING PROGRAM FOR 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,845,739

Investment Income $12,302

Other Revenue $14,906

TOTAL REVENUE $1,872,947

Expense Breakdown

Grants Paid $0

Salaries & Benefits $769,981

Fundraising Expenses $0

Program Expenses $1,465,470

Other Expenses $842,367

TOTAL EXPENSES $1,612,348

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,872,947	$1,560,390	+0.2%
Expenses	$1,612,348	$1,597,757	+0.0%
Net Income	$260,599	$-37,367	-8.0%

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

$103,340

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEREK SANDERSON	CHAIRMAN	1.00	Director	$0	$0	$0
KEITH MURT	TRUSTEE	1.00	Director	$0	$0	$0
RORY TOOMBS	TRUSTEE	1.00	Director	$0	$0	$0
KYLE FARRIS	TRUSTEE	1.00	Director	$0	$0	$0
BARRY DAVIS	TRUSTEE	1.00	Director	$0	$0	$0
BARRY RICHARDSON	TRUSTEE	1.00	Director	$0	$0	$0
DANIEL DEFEW	TRAINING DIRECTOR	40.00	Officer	$103,340	$0	$103,340

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	$1,872,947	$1,612,348	$2,725,535	$260,599
2024	$1,560,390	$1,597,757	$2,503,807	$-37,367
2023	$1,401,005	$1,433,806	$2,522,623	$-32,801
2022	$1,064,359	$1,124,458	$2,629,989	$-60,099
2021	$1,029,658	$1,031,478	$2,572,722	$-1,820
2020	$1,047,739	$979,162	$2,628,896	$68,577
2019	$1,101,053	$1,063,796	$2,503,368	$37,257

PLUMBERS & STEAMFITTERS LOCAL 184 EDUCATION AND TRAINING FUND