PLUMBERS AND PIPEFITTERS LOCAL 142 JOINT APPRENTICE AND JOURNEYMAN TRAINING TRUST (EIN 746063231) - 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

1957

Legal Domicile

Principal Officer

TRINO BALTAZAR

Phone

2102262661

Tax Period

2024-03-01 to 2025-02-28

PLUMBERS AND PIPEFITTERS LOCAL 142 JOINT APPRENTICE AND JOURNEYMAN TRAINING TRUST, founded in 1957, is a community nonprofit in the Employment sector that reported $1.9M in total revenue in fiscal year 2024. Revenue surged 33% from the prior year, signaling strong growth momentum. The organization ran a surplus of $714K, a strong 38% operating margin.

Mission

TRAINING FOR APPRENCTICES EMPLOYED IN THE PLUMBING AND PIPEFITTERS INDUSTRIES

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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 $1,841,635

Investment Income $25,228

Other Revenue $918

TOTAL REVENUE $1,867,781

Expense Breakdown

Grants Paid $0

Salaries & Benefits $596,561

Fundraising Expenses $0

Program Expenses $1,067,431

Other Expenses $556,918

TOTAL EXPENSES $1,153,479

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,867,781	$1,405,346	+0.3%
Expenses	$1,153,479	$1,278,948	-0.1%
Net Income	$714,302	$126,398	+4.7%

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

$99,724

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TRINO BALTAZAR	SECRETARY	1.00	Officer Director	$0	$0	$0
LUPE CASTILLO	DIRECTOR	43.00	Director	$99,724	$0	$99,724
JASON SHELL	TRUSTEE	1.00	Officer Director	$0	$0	$0
ABLE LEDZMA	TRUSTEE	1.00	Officer Director	$0	$0	$0
JOHN GARGOTTA	CHARIMAN	1.00	Officer Director	$0	$0	$0
LANCE HAGDORN	TRUSTEE	1.00	Officer 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
2025	$1,867,781	$1,153,479	$3,910,562	$714,302
2024	$1,405,346	$1,278,948	$3,196,260	$126,398
2023	$1,247,164	$1,150,166	$3,069,862	$96,998
2022	$1,084,267	$986,231	$2,972,864	$98,036
2021	$791,987	$826,331	$3,359,353	$-34,344
2020	$1,002,027	$967,862	$3,387,149	$34,165
2019	$878,737	$708,186	$3,349,227	$170,551

PLUMBERS AND PIPEFITTERS LOCAL 142 JOINT APPRENTICE AND JOURNEYMAN TRAINING TRUST