Plumbers and Pipefitters Apprentic… - 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

1944

Legal Domicile

Principal Officer

Richard Jeu

Phone

5015624482

Tax Period

2023-01-01 to 2023-12-31

Plumbers and Pipefitters Apprenticeship Training of Arkansas, founded in 1944, is a small nonprofit in the Employment sector that reported $723K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $627K left a modest 13% surplus.

Mission

Local 155's apprenticeship program allows its students to receive the most up to date training available in every aspect of the plumbers and pipefitters trade.

Program Service Accomplishments

Program 1

Local 155's apprenticeship program allows its students to receive the most up to date training available in every aspect of the plumbers and pipefitters trade.

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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 $82,625

Program Service Revenue $629,480

Investment Income $413

Other Revenue $10,499

TOTAL REVENUE $723,017

Expense Breakdown

Grants Paid $0

Salaries & Benefits $333,171

Fundraising Expenses $0

Other Expenses $294,167

TOTAL EXPENSES $627,338

Year-over-Year Comparison

	2023	2022	Change
Revenue	$723,017	$620,647	+0.2%
Expenses	$627,338	$535,932	+0.2%
Net Income	$95,679	$84,715	+0.1%

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

N/A

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

$2,357

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Richard Jeu	Labor Trustee	1.00	Director	$300	$0	$300
Jonathan Graham	Labor Trustee	1.00	Director	$0	$0	$0
Travis Allen	Labor Trustee - Chairman	1.00	Director	$2,057	$0	$2,057
Mike Malone	Management	1.00	Director	$0	$0	$0
John Fitzpatrick	Management	1.00	Director	$0	$0	$0
Charles Caudle	Management Secretary	1.00	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	No data	No data	No data	No data
2023	$723,017	$627,338	$1,097,876	$95,679
2022	$620,647	$535,932	$993,033	$84,715
2021	$527,003	$522,974	$908,619	$4,029
2020	$452,598	$441,243	$908,222	$11,355
2019	$366,442	$522,815	$887,914	$-156,373
2018	$689,358	$605,025	$1,043,475	$84,333

Plumbers and Pipefitters Apprenticeship Training of Arkansas