Plumbers & Pipefitters Local 104 Scholarship Fund (EIN 880553677) - 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

2021

Legal Domicile

Principal Officer

Michael Langone

Phone

4135388419

Tax Period

2023-01-01 to 2023-12-31

Plumbers & Pipefitters Local 104 Scholarship Fund, founded in 2021, is a micro nonprofit in the Education sector that reported $27K in total revenue in fiscal year 2023. Revenue fell 86% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $17K, a strong 62% operating margin.

Mission

To raise college scholarship funds and to dirtribute awards to high school students on behalf of their performance in school demonstrated interes in the labor movement and such other criteria as deemed by Board.

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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 $6,240

Program Service Revenue $0

Investment Income $11,133

Other Revenue $9,687

TOTAL REVENUE $27,060

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $10,100

Other Expenses $10,225

TOTAL EXPENSES $10,225

Year-over-Year Comparison

	2023	2022	Change
Revenue	$27,060	$197,755	-0.9%
Expenses	$10,225	$16,621	-0.4%
Net Income	$16,835	$181,134	-0.9%

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

$192,420

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael Langone	President	001.00	Officer	$0	$90,715	$192,420
Eric Drake	Director	001.00	Director	$0	$0	$0
David Corey	Director	001.00	Director	$0	$0	$0
Robert Berniche III	Director	001.00	Director	$0	$0	$0
Mitch Mascowski	Treasurer	001.00	Officer	$0	$0	$0
Matthew O'Brien	Clerk	001.00	Officer	$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
2023	$27,060	$10,225	$200,650	$16,835
2022	$197,755	$16,621	$178,602	$181,134

Plumbers & Pipefitters Local 104 Scholarship Fund