MEMPHIS PLUMBERS JOINT APPRENTICESHIP COMMITTEE (EIN 620586821) - 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

1946

Legal Domicile

Principal Officer

ARTHUR W KEMP

Phone

9013680900

Tax Period

2023-11-01 to 2024-10-31

MEMPHIS PLUMBERS JOINT APPRENTICESHIP COMMITTEE, founded in 1946, is a small nonprofit in the Education sector that reported $544K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $506K left a modest 7% surplus.

Mission

To prepare individuals to be skilled craft workers and to insure industry an adequate supply of skilled workers.

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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 $528,488

Program Service Revenue $0

Investment Income $12,478

Other Revenue $3,281

TOTAL REVENUE $544,247

Expense Breakdown

Grants Paid $0

Salaries & Benefits $298,794

Fundraising Expenses $0

Program Expenses $506,488

Other Expenses $207,694

TOTAL EXPENSES $506,488

Year-over-Year Comparison

	2023	2022	Change
Revenue	$544,247	$499,129	+0.1%
Expenses	$506,488	$409,137	+0.2%
Net Income	$37,759	$89,992	-0.6%

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

$106,512

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
William Arthur Kemp	Training Director	040.00	Director Highest	$64,720	$0	$64,720
David Sink	Secretary	N/A	Director	$41,792	$0	$41,792
Brandon Osbahr	Trustee	040.00	Director	$0	$0	$0
Frank Rodgers	Trustee	N/A	Director	$0	$0	$0
Chris Crum	Trustee	N/A	Director	$0	$0	$0
Lonnie Coomes	Training Director	040.00	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
2024	$544,247	$506,488	$714,486	$37,759
2023	$499,129	$409,137	$678,741	$89,992
2022	$453,757	$439,249	$595,192	$14,508
2021	$399,013	$327,681	$575,413	$71,332
2020	$491,318	$345,397	$505,076	$145,921
2019	$87,133	$106,177	$280,331	$-19,044
2018	$353,836	$278,688	$300,146	$75,148

MEMPHIS PLUMBERS JOINT APPRENTICESHIP COMMITTEE