PLUMBERS AND STEAMFITTERS LOCAL 375

EIN: 920013904

FAIRBANKS, AK

Total Revenue
$3,312,559
Total Expenses
$2,800,213
Total Assets
$21,086,843
Net Assets
$21,059,009
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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
1946
Legal Domicile
AK
Principal Officer
CLAYTON BESSETTE
Phone
9074796221
Tax Period
2025-01-01 to 2025-12-31

PLUMBERS AND STEAMFITTERS LOCAL 375, founded in 1946, is a community nonprofit that reported $3.3M in total revenue in fiscal year 2025. Revenue surged 35% from the prior year, signaling strong growth momentum. The organization ran a surplus of $512K, a strong 15% operating margin.

Mission

HIRING HALL ACTIVITIES FOR THE PLUMBING AND PIPEFITTING INDUSTRY FOR THE BENEFIT OF MEMBERS OF THE LOCAL UNION.

Program Service Accomplishments

Program 1

HIRING HALL ACTIVITIES FOR THE PLUMBING AND PIPEFITTING INDUSTRY FOR THE BENEFIT OF MEMBERS OF THE LOCAL UNION.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,578,276
Investment Income $734,283
Other Revenue $0
TOTAL REVENUE $3,312,559

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,529,471
Fundraising Expenses $0
Other Expenses $1,270,742
TOTAL EXPENSES $2,800,213

Year-over-Year Comparison

2025 2024 Change
Revenue $3,312,559 $2,447,437 +0.4%
Expenses $2,800,213 $2,424,190 +0.2%
Net Income $512,346 $23,247 +21.0%
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
9
Independent Members
9
Employees
7
Volunteers
8

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
4
$679,159
Total Directors
9
$679,159
Key Employees
2
$435,048
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CLAYTON BESSETTE BUSINESS MANAGER/FINANCIAL SECRETARY 040.00
Officer Director
$219,994 $150,944 $370,938
CHALICE BAL RECORDING SECRETARY/BUSINESS AGENT 001.00
Officer Director
$177,803 $130,418 $308,221
TRAVIS COLLEDGE BUSINESS AGENT 040.00
Key Emp
$149,222 $108,695 $257,917
KAYLA STEENBERGEN OFFICE MANAGER 040.00
Highest
$133,680 $99,547 $233,227
RYAN MCGOVERN BUSINESS AGENT 040.00
Key Emp
$101,086 $76,045 $177,131
CODY PREUETT PRESIDENT 001.00
Officer Director
$0 $0 $0
DOMENIC MONZINGO VICE PRESIDENT 001.00
Officer Director
$0 $0 $0
LYNDON CORYELL INSIDE GUARD 001.00
Director
$0 $0 $0
CAMERON CULVER EXECUTIVE BOARD 001.00
Director
$0 $0 $0
JOSEPH SIPES EXECUTIVE BOARD 001.00
Director
$0 $0 $0
RODNEY WOLCOTT EXECUTIVE BOARD 001.00
Director
$0 $0 $0
JEREL DOZETTE EXECUTIVE BOARD 001.00
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
2025 $3,312,559 $2,800,213 $21,086,843 $512,346
2024 $2,447,437 $2,424,190 $18,655,236 $23,247
2023 $2,050,947 $1,980,635 $18,147,316 $70,312
2022 $1,629,686 $1,900,087 $17,411,877 $-270,401
2021 $1,762,722 $1,843,554 $19,147,164 $-80,832
2020 $1,588,889 $1,798,583 $18,960,122 $-209,694
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