PLUMBERS AND PIPEFITTERS LOCAL UNION NO 344 (EIN 730950060) - 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

1977

Legal Domicile

Principal Officer

JAMES CLOUSE

Phone

4056824581

Tax Period

2024-01-01 to 2024-12-31

PLUMBERS AND PIPEFITTERS LOCAL UNION NO 344, founded in 1977, is a mid-sized nonprofit that reported $17.4M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $16.2M left a modest 7% surplus.

Mission

HEALTH AND WELFARE BENEFIT PLAN

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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 $0

Program Service Revenue $16,758,645

Investment Income $614,725

Other Revenue $0

TOTAL REVENUE $17,373,370

Expense Breakdown

Grants Paid $0

Salaries & Benefits $139,226

Fundraising Expenses $0

Other Expenses $2,283,963

TOTAL EXPENSES $16,204,664

Year-over-Year Comparison

	2024	2023	Change
Revenue	$17,373,370	$14,718,910	+0.2%
Expenses	$16,204,664	$14,135,558	+0.1%
Net Income	$1,168,706	$583,352	+1.0%

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

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

$196,364

Total Directors

$565,124

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY CARTWRIGHT	TRUSTEE	1.00	Officer Director	$0	$68,358	$196,364
JAMES CLOUSE	TRUSTEE	1.00	Director	$0	$65,955	$184,380
LARRY BROUK	TRUSTEE	1.00	Director	$0	$65,955	$184,380
JOE MCKENZIE	TRUSTEE	1.00	Officer Director	$0	$0	$0
DAVID HAMES	TRUSTEE	1.00	Officer Director	$0	$0	$0
PHIL CONNER	TRUSTEE	1.00	Director	$0	$0	$0
CHAS GILMORE	TRUSTEE	1.00	Director	$0	$0	$0
KEVIN COCKERHAM	TRUSTEE	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	$17,373,370	$16,204,664	$15,443,769	$1,168,706
2023	$14,718,910	$14,135,558	$14,077,447	$583,352
2022	$13,002,737	$13,386,989	$12,802,260	$-384,252
2021	$12,697,086	$12,690,808	$14,426,568	$6,278
2020	$13,265,853	$12,546,237	$13,955,201	$719,616
2019	$13,666,145	$11,765,239	$12,881,460	$1,900,906
2018	$11,793,112	$9,486,139	$10,482,892	$2,306,973

PLUMBERS AND PIPEFITTERS LOCAL UNION NO 344