Plumbers and Pipefitters Local Uni… - 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

Eric Coons

Phone

6152620893

Tax Period

2024-07-01 to 2025-06-30

Plumbers and Pipefitters Local Union 572 Building Corporation, founded in 1992, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2024. Revenue surged 1179% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.6M, a strong 96% operating margin.

Mission

Hold title and administer rental real estate for plumbers and pipe fitters Local 572

Program Service Accomplishments

Program 1

Expenses: $75,520

Holds title and maintaining building used by the Plumbers and Pipefitters Local Union No. 572

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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 $1,691,134

Program Service Revenue $0

Investment Income $0

Other Revenue $26,916

TOTAL REVENUE $1,718,050

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $75,520

Other Expenses $75,520

TOTAL EXPENSES $75,520

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,718,050	$134,278	+11.8%
Expenses	$75,520	$66,848	+0.1%
Net Income	$1,642,530	$67,430	+23.4%

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

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
William L Johnson Jr	Business Manager	040.00	Officer	$0	$0	$0
Joshua Yates	President	002.00	Officer Key Emp	$0	$0	$0
John Barry	Vice President	002.00	Officer Key Emp	$0	$0	$0
Trent Mitchell	Business Agent	002.00	Officer	$0	$0	$0
Kurt Smith	Business Agent	002.00	Officer	$0	$0	$0
Brian Ozment	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	$1,718,050	$75,520	$3,731,888	$1,642,530
2024	No data	No data	No data	No data
2023	$190,996	$79,109	$2,021,928	$111,887
2022	$590,537	$86,631	$1,910,042	$503,906
2021	$290,956	$73,804	$1,406,136	$217,152
2020	$920,233	$82,846	$1,562,091	$837,387
2019	$40,500	$83,633	$1,503,449	$-43,133
2018	$90,135	$199,396	$2,320,056	$-109,261

Plumbers and Pipefitters Local Union 572 Building Corporation