PLUMBERS AND STEAMFITTERS LOCAL UNION NO 375 (EIN 980015186) - 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

1975

Legal Domicile

Principal Officer

CLAYTON BESSETTE

Phone

9074794154

Tax Period

2025-01-01 to 2025-12-31

PLUMBERS AND STEAMFITTERS LOCAL UNION NO 375, founded in 1975, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2025. The organization ran a surplus of $349K, a strong 17% operating margin.

Mission

TRAINING PROGRAM FOR PLUMBERS

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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 $425,774

Program Service Revenue $1,178,205

Investment Income $451,030

Other Revenue $6,906

TOTAL REVENUE $2,061,915

Expense Breakdown

Grants Paid $0

Salaries & Benefits $968,588

Fundraising Expenses $0

Program Expenses $1,712,969

Other Expenses $744,381

TOTAL EXPENSES $1,712,969

Year-over-Year Comparison

	2025	2024	Change
Revenue	$2,061,915	$2,170,282	0.0%
Expenses	$1,712,969	$1,624,267	+0.1%
Net Income	$348,946	$546,015	-0.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RODNEY WOLCOTT	COORDINATOR	040.00	Highest	$181,610	$91,261	$272,871
DOMENIC MONZINGO	INSTRUCTOR	040.00	Highest	$160,699	$86,713	$247,412
MATT MCCARTER	INSTRUCTOR	040.00	Highest	$149,845	$82,513	$232,358
CLAYTON BESSETTE	CHAIR	001.00	Officer Director	$0	$0	$0
MIKE MCGLINCHY	SECRETARY	001.00	Officer Director	$0	$0	$0
MEL WEEKS	TRUSTEE	001.00	Director	$0	$0	$0
TRAVIS COLLEDGE	TRUSTEE	001.00	Director	$0	$0	$0
JOSHUA WOLFE	TRUSTEE	001.00	Director	$0	$0	$0
DARREN WEBSTER	TRUSTEE	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	$2,061,915	$1,712,969	$10,920,885	$348,946
2024	$2,170,282	$1,624,267	$9,881,155	$546,015
2023	$1,344,123	$1,475,896	$9,167,223	$-131,773
2022	$1,125,429	$1,202,113	$8,520,478	$-76,684
2021	$1,685,190	$1,285,654	$10,191,240	$399,536
2020	$814,359	$1,175,696	$9,512,982	$-361,337

PLUMBERS AND STEAMFITTERS LOCAL UNION NO 375