SEATTLE AREA PLUMBING & PIPEFITTING INDUSTRY TRAINING TRUST

EIN: 910840638 501(c)(3) Education

RENTON, WA

Total Revenue
$7,874,360
Total Expenses
$7,334,068
Total Assets
$27,045,686
Net Assets
$26,001,005
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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
1968
Legal Domicile
WA
Principal Officer
P J MOSS
Phone
4252715900
Tax Period
2023-01-01 to 2023-12-31

SEATTLE AREA PLUMBING & PIPEFITTING INDUSTRY TRAINING TRUST, founded in 1968, is a community nonprofit in the Education sector that reported $7.9M in total revenue in fiscal year 2023. Revenue surged 94% from the prior year, signaling strong growth momentum. Expenses of $7.3M left a modest 7% surplus.

Mission

THE TRUST WAS ESTABLISHED TO PROVIDE TRAINING AND ASSISTANCE TO UA LOCAL 32 APPRENTICES AND TRAINING OF STEAMFITTERS, PLUMBERS AND REFRIGERATION APPRENTICES FOR JOURNEYMAN TRAINING IN THE INDUSTRY.

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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 $6,934,838
Program Service Revenue $936,825
Investment Income $2,697
Other Revenue $0
TOTAL REVENUE $7,874,360

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,386,359
Fundraising Expenses $0
Program Expenses $6,818,382
Other Expenses $2,947,709
TOTAL EXPENSES $7,334,068

Year-over-Year Comparison

2023 2022 Change
Revenue $7,874,360 $4,053,246 +0.9%
Expenses $7,334,068 $3,631,641 +1.0%
Net Income $540,292 $421,605 +0.3%
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
6
Independent Members
6
Employees
116
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
2
$0
Total Directors
6
$0
Key Employees
11
$2,676,112
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
P J MOSS TRAINING COO 40.00
Key Emp
$177,285 $73,528 $250,813
HEATHER WINFREY ASST TR COOR 40.00
Key Emp
$170,760 $73,528 $244,288
THOMAS BARRETT INSTRUCTOR 40.00
Key Emp
$175,560 $68,288 $243,848
DUANE BJORNSON INSTRUCTOR 40.00
Key Emp
$175,560 $67,288 $242,848
JEFF HOLMES INSTRUCTOR 40.00
Key Emp
$175,560 $67,288 $242,848
WILLIAM MCLAURIN INSTRUCTOR 40.00
Key Emp
$175,560 $67,288 $242,848
JEREMY SANDOR INSTRUCTOR 40.00
Key Emp
$175,560 $67,288 $242,848
STEVE SIMPSON INSTRUCTOR 40.00
Key Emp
$175,560 $67,288 $242,848
ARMANDO VILLALOBOS INSTRUCTOR 40.00
Key Emp
$175,560 $67,288 $242,848
WILLIAM WHITEFIELD INSTRUCTOR 40.00
Key Emp
$175,560 $67,288 $242,848
DANNY FINK INSTRUCTOR 40.00
Highest
$170,760 $67,288 $238,048
DAVID GIBSON INSTRUCTOR 40.00
Key Emp
$180,339 $56,888 $237,227
JOEL CRABTREE TRUSTEE 2.00
Director
$0 $0 $0
STACY JOHNSON TRUSTEE 2.00
Director
$0 $0 $0
ED KOMMERS TRUSTEE 2.00
Director
$0 $0 $0
MIKE KUNKEL SECRETARY 2.00
Officer Director
$0 $0 $0
FRANK LEONARD CHAIRMAN 2.00
Officer Director
$0 $0 $0
TJ RIORDAN TRUSTEE 2.00
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 No data No data No data No data
2023 $7,874,360 $7,334,068 $27,045,686 $540,292
2022 $8,445,243 $7,247,284 $24,629,517 $1,197,959
2022 $4,053,246 $3,631,641 $25,432,168 $421,605
2021 $9,780,691 $6,292,291 $24,417,984 $3,488,400
2020 $8,933,485 $6,151,292 $22,959,546 $2,782,193
2019 $9,293,506 $5,372,429 $24,602,945 $3,921,077
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