PLUMBERS & PIPEFITTERS LOCAL UNION 404 JATC (EIN 821353618) - 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

2017

Legal Domicile

Principal Officer

JB KIRK

Phone

8067443835

Tax Period

2024-09-01 to 2025-08-31

PLUMBERS & PIPEFITTERS LOCAL UNION 404 JATC, founded in 2017, is a small nonprofit in the Education sector that reported $993K in total revenue in fiscal year 2024. Revenue surged 67% from the prior year, signaling strong growth momentum. The organization ran a surplus of $452K, a strong 45% operating margin.

Mission

PROVIDE, MAINTAIN AND ADMINISTER A TRAINING PROGRAM WHICH DEVELOPS AND ENHANCES THE SKILLS OF LOCAL UNION 404 MEMBER APPRENTICES AND JOURNEYMEN

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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 $993,344

Investment Income $0

Other Revenue $0

TOTAL REVENUE $993,344

Expense Breakdown

Grants Paid $0

Salaries & Benefits $175,142

Fundraising Expenses $0

Program Expenses $541,579

Other Expenses $366,437

TOTAL EXPENSES $541,579

Year-over-Year Comparison

	2024	2023	Change
Revenue	$993,344	$593,623	+0.7%
Expenses	$541,579	$619,776	-0.1%
Net Income	$451,765	$-26,153	-18.3%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN ANTHONY	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JB KIRK	SECRETARY/BU	1.00	Officer Director	$0	$0	$0
QUENTIN BRUGGEMAN	TRUSTEE	1.00	Director	$0	$0	$0
EDDY HANKINS	TRUSTEE	1.00	Director	$0	$0	$0
RANDY SANDERS	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
2025	$993,344	$541,579	$785,749	$451,765
2024	$593,623	$619,776	$359,041	$-26,153
2023	$592,774	$523,231	$350,486	$69,543
2022	$442,332	$331,572	$434,384	$110,760
2021	$468,348	$422,507	$318,613	$45,841
2020	$453,607	$434,903	$325,481	$18,704
2019	$328,328	$294,948	$302,976	$33,380

PLUMBERS & PIPEFITTERS LOCAL UNION 404 JATC