PLUMBERS & STEAMFITTERS LOCAL 367 (EIN 920013284) - 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

1938

Legal Domicile

Principal Officer

BYRON FLIPPIN

Phone

9075622810

Tax Period

2024-01-01 to 2024-12-31

PLUMBERS & STEAMFITTERS LOCAL 367, founded in 1938, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2024. Revenue surged 34% from the prior year, signaling strong growth momentum. The organization ran a surplus of $498K, a strong 22% operating margin.

Mission

UNION HALL

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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 $1,655,666

Investment Income $621,100

Other Revenue $0

TOTAL REVENUE $2,276,766

Expense Breakdown

Grants Paid $5,019

Salaries & Benefits $503,109

Fundraising Expenses $0

Other Expenses $674,739

TOTAL EXPENSES $1,778,411

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,276,766	$1,696,502	+0.3%
Expenses	$1,778,411	$2,137,751	-0.2%
Net Income	$498,355	$-441,249	-2.1%

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

$315,137

Total Directors

$250,972

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BYRON FLIPPIN	PRESIDENT	1.00	Officer Director	$0	$0	$0
JASON FERNANDES	VICE PRESIDENT	1.00	Officer Director	$0	$11,227	$112,605
ANDREW MINDALA	RECORDING SECRETARY	1.00	Officer Director	$0	$0	$0
BEN DUNHAM	EXECUTIVE BOARD	1.00	Director	$0	$4,711	$80,371
COLLIN HEMPHILL	EXECUTIVE BOARD	1.00	Director	$0	$1,574	$17,493
PAT RIDENOUR	EXECUTIVE BOARD	1.00	Director	$0	$1,110	$40,503
ANDREW KAHLER	EXECUTIVE BOARD	1.00	Director	$0	$0	$0
KIT ROBERTS	EXECUTIVE BOARD	1.00	Director	$0	$0	$0
AARON PLIKAT	BUSINESS MANAGER	40.00	Officer	$122,304	$80,228	$202,532
EVERETT COLLINS	BUSINESS AGENT	40.00	Highest	$112,298	$84,535	$196,833
BRANDON MCGUIRE	BUSINESS AGENT	40.00	Highest	$111,621	$84,559	$196,180

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	$2,276,766	$1,778,411	$6,066,697	$498,355
2023	$1,696,502	$2,137,751	$5,750,878	$-441,249
2022	$1,678,337	$1,885,512	$5,901,863	$-207,175
2021	$1,725,670	$1,905,685	$6,869,753	$-180,015

PLUMBERS & STEAMFITTERS LOCAL 367