SPRINKLER FITTERS AND APPRENTICES … - Form 990 Financial Data

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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

2007

Legal Domicile

Principal Officer

PETER GIBBONS

Phone

6173230474

Tax Period

2024-01-01 to 2024-12-31

SPRINKLER FITTERS AND APPRENTICES LOCAL 550 VACATION FUND, founded in 2007, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2024. Expenses of $1.5M left a modest 3% surplus.

Mission

TO COLLECT VACATION WITHHOLDINGS PER COLLECTIVE BARGAINING AGREEMENT AND REMIT TO MEMBERS TWICE PER YEAR.

Program Service Accomplishments

Program 1

TO COLLECT VACATION WITHHOLDINGS PER COLLECTIVE BARGAINING AGREEMENT AND REMIT TO MEMBERS TWICE PER YEAR.

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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 $1,569,480

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,569,480

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $29,500

TOTAL EXPENSES $1,517,796

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,569,480	$1,464,471	+0.1%
Expenses	$1,517,796	$1,528,576	0.0%
Net Income	$51,684	$-64,105	-1.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC BURDETTE	TRUSTEE	N/A	Director	$0	$0	$0
MARK FORTUNE	TRUSTEE	N/A	Director	$0	$0	$0
FRANK GAUDETTE	TRUSTEE	N/A	Director	$0	$0	$0
PETER GIBBONS	TRUSTEE	N/A	Director	$0	$0	$0
JOSEPH GIGUERE	TRUSTEE	N/A	Director	$0	$0	$0
MATTHEW JONES	TRUSTEE	N/A	Director	$0	$0	$0
KYLE O'CONNOR	TRUSTEE	N/A	Director	$0	$0	$0
JOSHUA SAVITZ	TRUSTEE	N/A	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
2024	$1,569,480	$1,517,796	$237,637	$51,684
2023	$1,464,471	$1,528,576	$185,953	$-64,105
2022	$1,580,968	$1,602,982	$250,058	$-22,014
2021	$1,575,593	$1,497,768	$272,072	$77,825
2020	$1,217,633	$1,242,855	$194,247	$-25,222
2019	$1,622,124	$1,578,964	$219,469	$43,160
2018	$1,440,058	$1,386,319	$176,309	$53,739

SPRINKLER FITTERS AND APPRENTICES LOCAL 550 VACATION FUND