PLUMBERS & STEAMFITTERS LOCAL 184 EDUCATION AND TRAINING FUND

EIN: 610723681 501(c)(3) Education

PADUCAH, KY

Total Revenue
$1,872,947
Total Expenses
$1,612,348
Total Assets
$2,725,535
Net Assets
$2,671,604
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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
KY
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

Program Service Accomplishments

Program 1
Expenses: $1,465,470

TO FURTHER THE ADVANCEMENT OF THE PIPE FITTING INDUSTRY THOUGH COLLECTIVE BARGAINING AGREEMENTS WHICH PROVIDE BENEFITS TO UNION MEMBERS THROUGH JOB PLACEMENT AND OTHER BENEFITS

Program 2

N/A

Program 3

N/A

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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%)

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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

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Governance

Voting Members
6
Independent Members
6
Employees
19
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
1
$103,340
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
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
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