LAS VEGAS PLUMBERS AND PIPEFITTERS LOCAL UNION 525 APPREN & JOURNEYMAN TRNG TRUST (EIN 880068666) - 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

1965

Legal Domicile

Principal Officer

DAVID WOOD

Phone

7024593473

Tax Period

2023-11-01 to 2024-10-31

LAS VEGAS PLUMBERS AND PIPEFITTERS LOCAL UNION 525 APPREN & JOURNEYMAN TRNG TRUST, founded in 1965, is a community nonprofit in the Education sector that reported $5.0M in total revenue in fiscal year 2023. Revenue decreased 20% compared to the prior year. Expenses of $5.6M exceeded revenue, resulting in a 12% operating deficit.

Mission

TO PROVIDE TRAINING FOR PARTICIPANTS 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 (2023)

Revenue Breakdown

Contributions & Grants $132,647

Program Service Revenue $4,455,916

Investment Income $34,435

Other Revenue $335,409

TOTAL REVENUE $4,958,407

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,791,959

Fundraising Expenses $0

Program Expenses $4,400,912

Other Expenses $2,763,246

TOTAL EXPENSES $5,555,205

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,958,407	$6,180,370	-0.2%
Expenses	$5,555,205	$4,485,940	+0.2%
Net Income	$-596,798	$1,694,430	-1.4%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$335,747

Total Directors

$30,241

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MANDI WILKINS	CHAIRPERSON/MGMT TRUSTEE	2.00	Director	$0	$0	$0
DAVID WOOD	CO-CHAIRPERSON/LABOR TRUST	2.00	Director	$0	$0	$0
ROBERT WITT	MANAGEMENT TRUSTEE	1.00	Director	$0	$0	$0
CHASE HOSKINS	LABOR TRUSTEE/INSTRUCTOR BEFORE TRUSTEE	1.00	Director	$30,241	$0	$30,241
RYAN LITSTER	LABOR TRUSTEE	1.00	Director	$0	$0	$0
JIM CAVANESS	MANAGEMENT TRUSTEE	1.00	Director	$0	$0	$0
STUART NILSON	LABOR TRUSTEE	1.00	Director	$0	$0	$0
TIM MARSHMENT	MANAGEMENT TRUSTEE	1.00	Director	$0	$0	$0
BRAD DAVIS	MGMT TRUSTEE-ALTERNATE	1.00	Director	$0	$0	$0
ERIC RUBECK	LABOR TRUSTEE-ALTERNATE	1.00	Director	$0	$0	$0
DALE STUBBLEFIELD	FORMER COORDINATOR/INSTRUCTOR	40.00		$106,537	$37,739	$144,276
GARY BOYLE	COORDINATOR/INSTRUCTOR	40.00	Officer	$128,417	$48,080	$176,497
RODGER TIPPETTS	INSTRUCTOR	40.00	Highest	$102,750	$40,067	$142,817
CRYSTAL NAEGLE	HVAC COORDINATOR	40.00	Officer	$110,851	$48,399	$159,250
CARRIE HENDERSON	OFFICE MANAGER	40.00	Highest	$103,655	$39,513	$143,168

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	$4,958,407	$5,555,205	$13,344,897	$-596,798
2023	$6,180,370	$4,485,940	$13,624,255	$1,694,430
2022	$4,300,687	$3,759,478	$12,028,644	$541,209
2021	$3,523,030	$3,406,304	$13,349,147	$116,726
2020	$4,758,855	$3,047,599	$13,367,096	$1,711,256
2019	$3,482,528	$2,872,530	$9,608,906	$609,998

LAS VEGAS PLUMBERS AND PIPEFITTERS LOCAL UNION 525 APPREN & JOURNEYMAN TRNG TRUST