PLUMBING INDUSTRY APPRENTICESHIP

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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

2025-01-01 to 2025-12-31

PLUMBING INDUSTRY APPRENTICESHIP, founded in 1957, is a community nonprofit that reported $8.6M in total revenue in fiscal year 2025. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $7.4M left a modest 13% surplus.

Mission

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

Program Service Accomplishments

Program 1

WE TRAIN APPROXIMATELY 400 APPRENTICES IN THE FIELDS OF HVACR, PLUMBING AND STEAMFITTING EACH YEAR AND GRADUATE ABOUT 45 HVACR APPRENTICES, 30 PLUMBERS AND 30 STEAMFITTERS EACH YEAR. APPROXIMATELY...

WE TRAIN APPROXIMATELY 400 APPRENTICES IN THE FIELDS OF HVACR, PLUMBING AND STEAMFITTING EACH YEAR AND GRADUATE ABOUT 45 HVACR APPRENTICES, 30 PLUMBERS AND 30 STEAMFITTERS EACH YEAR. APPROXIMATELY 100 JOURNEYMEN GRADUATES RETURN FOR CONTINUING EDUCATION CLASSES IN THE FIELDS OF PROJECT MANAGEMENT, CONSTRUCTION TECHNOLOGY AND VARIOUS WELDING CERTIFICATIONS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $1,032,108

Program Service Revenue $7,176,400

Investment Income $73,191

Other Revenue $278,219

TOTAL REVENUE $8,559,918

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,856,371

Fundraising Expenses $0

Other Expenses $3,556,050

TOTAL EXPENSES $7,412,421

Year-over-Year Comparison

	2025	2024	Change
Revenue	$8,559,918	$7,137,107	+0.2%
Expenses	$7,412,421	$6,899,788	+0.1%
Net Income	$1,147,497	$237,319	+3.8%

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

$389,726

Total Directors

Key Employees

$982,784

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	$255,767	$133,959	$389,726
ANDREW STAFFORD	STEAMFITTING COORDINATOR	40.00	Key Emp	$191,027	$130,509	$321,536
MATT HAJNY	HVACR COORDINATOR	40.00	Key Emp	$215,158	$112,547	$327,705
JONATHAN CLARK	PLUMBER COORDINATOR	40.00	Key Emp	$205,352	$128,191	$333,543
NICK CRUZ	FACILITY TECHNICIAN	40.00	Highest	$180,113	$127,163	$307,276
CINDY AMARAL	OFFICE MANAGER	40.00	Highest	$153,913	$83,192	$237,105
KIMBERLY NAKAMOTO	SENIOR OFFICE ADMIN	40.00	Highest	$116,561	$62,103	$178,664
JOANNA DERAS	FINANCE & OPERATIONS ADMIN	40.00	Highest	$113,153	$57,196	$170,349

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	$8,559,918	$7,412,421	$21,013,374	$1,147,497
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