PLUMBING INDUSTRY APPRENTICESHIP (EIN 941482696) - 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

1957

Legal Domicile

Principal Officer

BRIAN MURPHY

Phone

4084536330

Tax Period

2024-01-01 to 2024-12-31

PLUMBING INDUSTRY APPRENTICESHIP, founded in 1957, is a community nonprofit that reported $7.1M in total revenue in fiscal year 2024. Expenses of $6.9M left a modest 3% surplus.

Mission

TRADE BUSINESS SCHOOL FOR HEATING-AIR CONDITIONING, HVACR, STEAMFITTING AND RESIDENTIAL PLUMBING.

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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 $816,410

Program Service Revenue $6,113,286

Investment Income $15,905

Other Revenue $191,506

TOTAL REVENUE $7,137,107

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,579,316

Fundraising Expenses $0

Other Expenses $3,320,472

TOTAL EXPENSES $6,899,788

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,137,107	$7,081,527	+0.0%
Expenses	$6,899,788	$6,403,291	+0.1%
Net Income	$237,319	$678,236	-0.7%

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

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

$382,830

Total Directors

Key Employees

$909,819

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE FILIAU	DIRECTOR	1.00	Director	$0	$0	$0
DAVID CRUZ	DIRECTOR	1.00	Director	$0	$0	$0
WAYD LAPEARLE	DIRECTOR	1.00	Director	$0	$0	$0
MARGARITA REESE	DIRECTOR	1.00	Director	$0	$0	$0
FRANK AUSTIN	DIRECTOR	1.00	Director	$0	$0	$0
ERIC MUSSYNSKI	DIRECTOR	1.00	Director	$0	$0	$0
JOEY PUCCINELLI	DIRECTOR	1.00	Director	$0	$0	$0
STEVE CIARI	DIRECTOR	1.00	Director	$0	$0	$0
RICH DOHERTY	DIRECTOR	1.00	Director	$0	$0	$0
STEVE RUSCONI	DIRECTOR	1.00	Director	$0	$0	$0
JEFF LIEBENBERG	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT REESE	PRESIDENT	1.00	Officer Director	$0	$0	$0
SUSAN NICHOL	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
BRIAN MCCAULEY	SECRETARY-TREASURER	1.00	Officer Director	$0	$0	$0
JEFFERY ELROD	SERGEANT-AT-ARMS	1.00	Officer Director	$0	$0	$0
BRIAN MURPHY	CEO & CFO	40.00	Officer	$251,132	$131,698	$382,830
ANDREW STAFFORD	STEAMFITTING COORDINATOR	40.00	Key Emp	$170,323	$114,398	$284,721
MATT HAJNY	HVACR COORDINATOR	40.00	Key Emp	$202,863	$101,926	$304,789
JONATHAN CLARK	PLUMBER COORDINATOR	40.00	Key Emp	$197,463	$122,846	$320,309
NICK CRUZ	FACILITY TECHNICIAN	40.00	Highest	$172,462	$120,854	$293,316
CINDY AMARAL	OFFICE MANAGER	40.00	Highest	$145,239	$80,108	$225,347
KIMBERLY NAKAMOTO	SENIOR OFFICE ADMIN	40.00	Highest	$110,413	$56,626	$167,039
JOANNA DERAS	FINANCE & OPERATIONS ADMIN	40.00	Highest	$105,971	$53,600	$159,571

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	$7,137,107	$6,899,788	$19,931,661	$237,319
2023	$7,081,527	$6,403,291	$19,793,094	$678,236
2022	$6,986,825	$6,331,355	$19,203,136	$655,470
2021	$6,370,997	$5,734,699	$18,566,711	$636,298
2020	$6,499,870	$5,370,151	$18,282,767	$1,129,719
2019	$5,809,234	$5,190,796	$16,743,194	$618,438
2018	$4,940,656	$4,747,028	$16,173,565	$193,628

PLUMBING INDUSTRY APPRENTICESHIP