DALLAS PLUMBING & PIPE FITTING IND… - 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

1980

Legal Domicile

Principal Officer

GLENN REX

Phone

2814404380

Tax Period

2024-01-01 to 2024-12-31

DALLAS PLUMBING & PIPE FITTING INDUSTRY TRADE FUND, founded in 1980, is a small nonprofit that reported $467K in total revenue in fiscal year 2024. Revenue surged 50% from the prior year, signaling strong growth momentum. The organization ran a surplus of $188K, a strong 40% operating margin.

Mission

TO ESTABLISH, CONDUCT OR PARTICIPATE IN EDUCATIONAL PROGRAMS FOR EMPLOYERS & EMPLOYEES IN THE PLUMBING AND PIPE FITTING INDUSTRY AND/OR CONTRIBUTE TO OTHER FUNDS. THE DALLAS PLUMBING AND PIPE FITTING INDUSTRY TRUST FUND IS ORGANIZED PURSUANT TO A COLLECTIVEBARGAINING AGREEMENT BETWEEN THE MECHANICAL CONTRACTORS ASSOCIATION OF DALLS AND THE TEXAS PIPE TRADES FOR THE PURPOSE OF PROMOTING THE PLUMBING AND PIPE FITTING INDUSTRY.

Program Service Accomplishments

Program 1

Expenses: $279,133 Revenue: $466,699

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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 $453,644

Investment Income $13,055

Other Revenue $0

TOTAL REVENUE $466,699

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $279,133

Other Expenses $279,133

TOTAL EXPENSES $279,133

Year-over-Year Comparison

	2024	2023	Change
Revenue	$466,699	$311,379	+0.5%
Expenses	$279,133	$191,359	+0.5%
Net Income	$187,566	$120,020	+0.6%

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
ALAN MILBY	CHAIRMAN	1.00	Director	$0	$0	$0
JOHN PICKETT	VICE CHARIMAN	1.00	Director	$0	$0	$0
GREG CHANDLER	TREASURER	1.00	Director	$0	$0	$0
ADAM WRUCK	COMMITTEE MEMBER	1.00	Director	$0	$0	$0
KEVIN SHEA	COMMITTEE MEMBER	1.00	Director	$0	$0	$0
GLENN REX	ADMINISTRATOR	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	$466,699	$279,133	$576,174	$187,566
2023	$311,379	$191,359	$370,456	$120,020

DALLAS PLUMBING & PIPE FITTING INDUSTRY TRADE FUND