Plumbers and Pipefitters Local No 572

EIN: 620202151

Nashville, TN

Total Revenue
$4,771,144
Total Expenses
$2,480,147
Total Assets
$7,880,711
Net Assets
$7,248,134
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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
1915
Legal Domicile
TN
Principal Officer
Eric Coons
Phone
6152620893
Tax Period
2022-07-01 to 2023-06-30

Plumbers and Pipefitters Local No 572, founded in 1915, is a community nonprofit that reported $4.8M in total revenue in fiscal year 2022. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.3M, a strong 48% operating margin.

Mission

The local union acts as the collective bargaining agent for its members.

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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 (2022)

Revenue Breakdown

Contributions & Grants $178,694
Program Service Revenue $4,408,864
Investment Income $71,280
Other Revenue $112,306
TOTAL REVENUE $4,771,144

Expense Breakdown

Grants Paid $259,900
Salaries & Benefits $832,488
Fundraising Expenses $0
Program Expenses $2,480,147
Other Expenses $1,318,509
TOTAL EXPENSES $2,480,147

Year-over-Year Comparison

2022 2021 Change
Revenue $4,771,144 $3,744,243 +0.3%
Expenses $2,480,147 $2,562,918 0.0%
Net Income $2,290,997 $1,181,325 +0.9%
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
9
$244,419
Total Directors
10
$0
Key Employees
2
$244,419
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Eric Coons Business Manager 040.00
Officer Key Emp
$129,692 $0 $129,692
William Johnson Jr Business Agent 040.00
Officer Key Emp
$114,727 $0 $114,727
John Barry Board Member 002.00
Officer Director
$0 $0 $0
Kevin Beck Board Member 002.00
Director
$0 $0 $0
Bryan Dowell Board Member 002.00
Director
$0 $0 $0
Edward Ryniec Financial Committee 002.00
Director
$0 $0 $0
Chad Ellithorpe Financial Committee 002.00
Director
$0 $0 $0
Richard Fisher Financial Committee 002.00
Director
$0 $0 $0
Lacey Russell Board Member 002.00
Director
$0 $0 $0
Joey Jenette Board Member 002.00
Director
$0 $0 $0
Jeremy Powers Board Member 002.00
Director
$0 $0 $0
Justin McCarthy Board Member 002.00
Director
$0 $0 $0
Kurt V Smith President 002.00
Officer
$0 $0 $0
Scott Carter Vice President 002.00
Officer
$0 $0 $0
Matthew Cunning Board Member 002.00
Officer
$0 $0 $0
Eddie Johnson Board Member 002.00
Officer
$0 $0 $0
Mike Lance Board Member 002.00
Officer
$0 $0 $0
Brandon Cunningham Recording Secretary 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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $4,771,144 $2,480,147 $7,880,711 $2,290,997
2022 $3,744,243 $2,562,918 $5,579,457 $1,181,325
2021 $2,757,970 $2,324,365 $4,408,453 $433,605
2020 $2,660,886 $2,057,479 $3,986,527 $603,407
2019 $4,696,855 $2,409,886 $4,280,002 $2,286,969
2018 $3,115,151 $1,431,430 $4,132,422 $1,683,721
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