LOCAL #43 PLUMBERS & STEAMFITTERS … - Form 990 Financial Data

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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

1992

Legal Domicile

Principal Officer

JOSEPH COKE

Phone

4236224395

Tax Period

2024-01-01 to 2024-12-31

LOCAL #43 PLUMBERS & STEAMFITTERS JOINT APPRENTICESHIP TRAINING COMMITTEE, founded in 1992, is a community nonprofit in the Employment sector that reported $1.0M in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum.

Mission

TO OPERATE AN APPRENTICESHIP SCHOOL FOR THE TRAINING AND DEVELOPMENT OF APPRENTICES FOR THE PLUMBERS AND STEAMFITTERS LOCAL UNION NO. 43.

Program Service Accomplishments

Program 1

Expenses: $669,634 Revenue: $86,270

JOINT APPRENTICESHIP SCHOOL ORGANIZED TO TRAIN AND DEVELOP APPRENTICES FOR THE PLUMBERS AND STEAMFITTERS LOCAL UNION NO. 43.

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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 $910,413

Program Service Revenue $81,765

Investment Income $41,614

Other Revenue $4,505

TOTAL REVENUE $1,038,297

Expense Breakdown

Grants Paid $0

Salaries & Benefits $534,999

Fundraising Expenses $0

Program Expenses $669,634

Other Expenses $512,282

TOTAL EXPENSES $1,047,281

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,038,297	$825,902	+0.3%
Expenses	$1,047,281	$986,564	+0.1%
Net Income	$-8,984	$-160,662	-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

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

$114,037

Total Directors

$6,550

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATT JOHNSON	COMMITTEE MEMBER	1.00	Director	$0	$0	$0
JIM BAILEY	COMMITTEE MEMBER	1.00	Director	$0	$0	$0
MARK NEAL	COMMITTEE MEMBER	1.00	Director	$0	$0	$0
DAVID SKALKA	COMMITTEE MEMBER	1.00	Director	$0	$0	$0
JUSTIN NUGENT	COMMITTEE MEMBER	1.00	Director	$0	$0	$0
JOSHUA EWING	COMMITTEE MEMBER	1.00	Director	$3,302	$3,248	$6,550
JOSEPH COKE	TRAINING COORDINATOR	40.00	Officer	$90,809	$23,228	$114,037

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	$1,038,297	$1,047,281	$1,534,769	$-8,984
2023	$825,902	$986,564	$1,275,424	$-160,662
2022	$1,137,012	$1,039,684	$1,434,186	$97,328
2021	$768,240	$820,016	$1,337,323	$-51,776
2020	$676,581	$701,298	$1,428,954	$-24,717
2019	$661,742	$738,230	$1,453,648	$-76,488
2018	$662,884	$757,109	$1,530,124	$-94,225

LOCAL #43 PLUMBERS & STEAMFITTERS JOINT APPRENTICESHIP TRAINING COMMITTEE