PLUMBERS & STEAMFITTERS LOCAL UNION 262 APPRENTICESHIP & JOURNEYMEN TRAINING (EIN 920111986) - 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

1970

Legal Domicile

Principal Officer

GARY SMITH

Phone

9075862874

Tax Period

2023-10-01 to 2024-09-30

PLUMBERS & STEAMFITTERS LOCAL UNION 262 APPRENTICESHIP & JOURNEYMEN TRAINING, founded in 1970, is a small nonprofit that reported $357K in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $57K, a strong 16% operating margin.

Mission

TO TRAIN APPRENTICES AND JOURNEYMEN IN THE PLUMBING AND PIPEFITTING TRADE IN SE ALASKA.

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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 $54,425

Program Service Revenue $289,786

Investment Income $18,555

Other Revenue $-5,991

TOTAL REVENUE $356,775

Expense Breakdown

Grants Paid $0

Salaries & Benefits $189,175

Fundraising Expenses $0

Other Expenses $110,439

TOTAL EXPENSES $299,614

Year-over-Year Comparison

	2023	2022	Change
Revenue	$356,775	$305,416	+0.2%
Expenses	$299,614	$307,091	0.0%
Net Income	$57,161	$-1,675	-35.1%

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

$141,975

Total Directors

$89,717

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRADLEY AUSTIN	TRUSTEE	1.00	Director	$0	$15,761	$89,717
DAVID PADEN	CHAIRMAN	1.00	Officer Director	$0	$0	$0
DAVE TRUDEAU	SECRETARY	1.00	Officer Director	$0	$0	$0
RICHARD BEHRENDS	TRUSTEE	1.00	Director	$0	$0	$0
GARY SMITH	TRUSTEE	1.00	Director	$0	$0	$0
JOHN BROWN	TRUSTEE	1.00	Director	$0	$0	$0
KEITH KORUNA	TRAINING COORDINATOR	40.00	Officer	$97,144	$44,831	$141,975

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	$356,775	$299,614	$928,574	$57,161
2023	$305,416	$307,091	$789,575	$-1,675
2022	$267,712	$316,286	$762,744	$-48,574
2021	$221,412	$255,632	$926,795	$-34,220
2020	$253,047	$274,044	$894,012	$-20,997
2019	$307,591	$297,186	$893,544	$10,405
2018	$357,509	$287,340	$880,939	$70,169

PLUMBERS & STEAMFITTERS LOCAL UNION 262 APPRENTICESHIP & JOURNEYMEN TRAINING