PLUMBERS & PIPEFITTERS APPRENTICESHIP EDUCATION & TRAINING TRUST FUND (EIN 830243549) - 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

1945

Legal Domicile

Principal Officer

RICHARD MARTIN

Phone

3076345837

Tax Period

2025-01-01 to 2025-12-31

PLUMBERS & PIPEFITTERS APPRENTICESHIP EDUCATION & TRAINING TRUST FUND, founded in 1945, is a community nonprofit in the Employment sector that reported $1.0M in total revenue in fiscal year 2025. Revenue surged 127% from the prior year, signaling strong growth momentum. The organization ran a surplus of $381K, a strong 37% operating margin.

Mission

PROVIDE AND SUPPORT THE EDUCATION AND TRAINING OF MEMBERS IN THE PLUMBING AND PIPEFITTING TRADES.

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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 (2025)

Revenue Breakdown

Contributions & Grants $122,575

Program Service Revenue $873,517

Investment Income $12,235

Other Revenue $16,868

TOTAL REVENUE $1,025,195

Expense Breakdown

Grants Paid $0

Salaries & Benefits $315,097

Fundraising Expenses $0

Program Expenses $583,271

Other Expenses $328,742

TOTAL EXPENSES $643,839

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,025,195	$450,707	+1.3%
Expenses	$643,839	$409,329	+0.6%
Net Income	$381,356	$41,378	+8.2%

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

$211,971

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVE BITNER	TRUSTEE	1.00	Director	$1,020	$0	$1,020
BRADLEY BURNS	TRUSTEE	1.00	Director	$1,155	$0	$1,155
JUSTIN CROSBY	TRUSTEE	1.00	Director	$0	$0	$0
JONATHAN MEADOWS	TRUSTEE	1.00	Director	$1,280	$0	$1,280
GRANT HAVENS	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD MARTIN	TRUSTEE	1.00	Director	$0	$0	$0
DANIEL MEYER	TRAINING DIRECTOR	42.00	Director	$135,200	$73,316	$208,516

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	$1,025,195	$643,839	$815,136	$381,356
2024	$450,707	$409,329	$418,669	$41,378
2023	$291,941	$322,022	$377,535	$-30,081
2022	$238,463	$302,011	$405,211	$-63,548
2021	$334,739	$402,310	$495,265	$-67,571
2020	$329,679	$301,748	$556,213	$27,931
2019	$471,787	$324,325	$538,826	$147,462
2018	$500,074	$287,878	$394,507	$212,196

PLUMBERS & PIPEFITTERS APPRENTICESHIP EDUCATION & TRAINING TRUST FUND