PLUMBERS & STEAMFITTERS UNION LO NO 246 (EIN 940775057) - 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

1959

Legal Domicile

Tax Period

2024-01-01 to 2024-12-31

PLUMBERS & STEAMFITTERS UNION LO NO 246, founded in 1959, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2024. Expenses of $1.5M left a modest 5% surplus.

Mission

PROMOTE THE WELFARE AND WORKING CONDITIONS OF UNION MEMBERS, SECURING WORK FOR UNION MEMBERS THROUGH NEGOTIATIONS WITH EMPLOYERS AND TO ENSURE SPECIFIC HEALTH AND SAFETY MEASURES.

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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 $1,499,071

Investment Income $24,043

Other Revenue $23,313

TOTAL REVENUE $1,546,427

Expense Breakdown

Grants Paid $11,400

Salaries & Benefits $765,498

Fundraising Expenses $0

Program Expenses $1,465,536

Other Expenses $672,638

TOTAL EXPENSES $1,465,536

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,546,427	$1,464,221	+0.1%
Expenses	$1,465,536	$1,381,778	+0.1%
Net Income	$80,891	$82,443	0.0%

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

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

$268,384

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRANDON LOVENBURG	BUSINESS AGENT	40.00	Officer	$143,926	$0	$143,926
DANNY WRIGHT	FIN SEC BIZ MGR	40.00	Officer	$124,458	$0	$124,458
RUBEN GALINDO	REC SEC	2.00	Director	$0	$0	$0
ABEL ELISARRARAZ	EX BOARD	2.00	Director	$0	$0	$0
ROBERT TOPETE	FINANCE COMM	2.00	Director	$0	$0	$0
NICK ALEXANDER	FINANCE COMM	2.00	Director	$0	$0	$0
MICHAEL PARRAS	EX BOARD	2.00	Director	$0	$0	$0
KYLE TOMPKINS	EX BOARD	2.00	Director	$0	$0	$0
PARICK FARRELL	EX BOARD	2.00	Director	$0	$0	$0
JOHN ANDERSON	FINANCE COMM	2.00	Director	$0	$0	$0
JONHENRY LOPEZ	PRESIDENT	2.00	Officer	$0	$0	$0
MARTIN VINDIOLA	INSIDE SECRETARY	2.00	Officer	$0	$0	$0
JASON FLORES	VICE PRESIDENT	2.00	Officer	$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	$1,546,427	$1,465,536	$3,589,565	$80,891
2023	$1,464,221	$1,381,778	$3,513,223	$82,443
2022	$1,394,330	$1,368,421	$3,389,428	$25,909
2021	$1,668,027	$1,364,519	$3,362,162	$303,508
2020	$1,427,164	$1,279,697	$3,059,867	$147,467
2019	$1,350,840	$1,252,556	$2,911,560	$98,284
2018	$1,515,675	$1,264,445	$2,812,477	$251,230

PLUMBERS & STEAMFITTERS UNION LO NO 246