PLUMBERS AND PIPEFITTERS UNION LOCAL 525

EIN: 880030428

LAS VEGAS, NV

Total Revenue
$12,860,033
Total Expenses
$7,825,790
Total Assets
$27,650,864
Net Assets
$27,596,416
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1938
Legal Domicile
NV
Principal Officer
DAVID WOOD
Phone
7024521520
Tax Period
2023-01-01 to 2023-12-31

PLUMBERS AND PIPEFITTERS UNION LOCAL 525, founded in 1938, is a mid-sized nonprofit that reported $12.9M in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.0M, a strong 39% operating margin.

Mission

TO ENGAGE IN THE NEGOTIATION OF WAGES, FRINGE BENEFITS AND SAFE WORKING CONDITIONS AND TO PROVIDE WAYS AND MEANS FOR THE ADVANCEMENT OF THE BEST INTEREST OF THE TRADES AND TO MAKE AND USE EVERY HONORABLE EFFORT TO SECURE THE PASSAGE AND ENFORCEMNT OF SUCH SANITARY AND SAFETY LAWS AS WOULD BE A BENEFIT TO THE TRADE AND TEND TO PROTECT THE PUBLIC HEALTH AND SAFETY.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $12,528,188
Investment Income $117,280
Other Revenue $214,565
TOTAL REVENUE $12,860,033

Expense Breakdown

Grants Paid $1,024,921
Salaries & Benefits $2,550,849
Fundraising Expenses $0
Other Expenses $3,241,633
TOTAL EXPENSES $7,825,790

Year-over-Year Comparison

2023 2022 Change
Revenue $12,860,033 $10,306,533 +0.2%
Expenses $7,825,790 $6,800,458 +0.2%
Net Income $5,034,243 $3,506,075 +0.4%
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

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Governance

Voting Members
13
Independent Members
7
Employees
54
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
7
$826,436
Total Directors
13
$834,976
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MATTHEW LYDON BUSINESS MANAGER 40.00
Officer Director
$192,310 $91,165 $283,475
DAVID WOOD BUSINESS AGENT 40.00
Officer Director
$169,527 $87,772 $257,299
JUSTIN EIGHMY BUSINESS AGENT 40.00
Officer Director
$175,388 $87,772 $263,160
ERIC RUBECK PRESIDENT 2.00
Officer Director
$0 $0 $0
CHASE HOSKINS VICE PRESIDENT 2.00
Officer Director
$6,095 $1,664 $7,759
BILLY HERN FINANCIAL SECREATRY 2.00
Officer Director
$10,437 $4,306 $14,743
MICHAEL SHANE TREASURER 2.00
Officer Director
$0 $0 $0
BECKY DAFFER RECORDING SECRETARY 2.00
Director
$0 $0 $0
JEREMY ALVEY INSIDE DOOR GUARD 2.00
Director
$0 $0 $0
BRANDON BAXTER EXECUTIVE BOARD 2.00
Director
$0 $0 $0
JOE ESQUIVEL EXECUTIVE BOARD 2.00
Director
$0 $0 $0
RICH LEE EXECUTIVE BOARD 2.00
Director
$0 $0 $0
SUATIPATIPA SUA EXECUTIVE BOARD 2.00
Director
$5,978 $2,562 $8,540
DEMETRIUS FINISTER ORGANIZER 40.00
Highest
$151,803 $81,543 $233,346
MIKE SIEDLECKI ORGANIZER 40.00
Highest
$137,157 $75,934 $213,091
VERDAWN HUNT OFFICE MANAGER 40.00
Highest
$124,975 $52,922 $177,897
CYNTHIA LINDENBACH OFFICE ADMIN 40.00
Highest
$120,408 $36,722 $157,130
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 No data No data No data No data
2023 $12,860,033 $7,825,790 $27,650,864 $5,034,243
2022 $10,306,533 $6,800,458 $22,390,123 $3,506,075
2021 $7,702,235 $6,360,037 $19,201,900 $1,342,198
2020 $9,172,784 $5,511,363 $17,839,402 $3,661,421
2019 $8,833,662 $5,787,134 $14,182,271 $3,046,528
2018 $6,201,794 $4,973,013 $11,133,058 $1,228,781
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