Plumbers And Pipe Fitters Local Union No 502
Plumbers And Pipe Fitters Local Union No 502 consistently generates surpluses, growing assets to $18.7M with no reported officer compensation.
EIN: 200512028 · Louisville, KY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $15.8M |
| Total Expenses | $5.6M |
| Program Spending | 85% |
| Net Assets | $18.1M |
| Transparency Score | 85/100 |
Is Plumbers And Pipe Fitters Local Union No 502 Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Plumbers And Pipe Fitters Local Union No 502 directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Plumbers And Pipe Fitters Local Union No 502
Plumbers And Pipe Fitters Local Union No 502 (EIN: 200512028) is a nonprofit organization based in Louisville, KY. The organization reported total revenue of $15.8M and total assets of $25.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Plumbers And Pipe Fitters Local Union No 502's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Plumbers And Pipe Fitters Local Union No 502 is a large nonprofit that has been operating for 85 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.7M |
| Total Expenses | $5.6M |
| Surplus / Deficit | +$2.0M |
| Total Assets | $18.8M |
| Total Liabilities | $661K |
| Net Assets | $18.1M |
| Operating Margin | 26.7% |
| Debt-to-Asset Ratio | 3.5% |
| Months of Reserves | 40.1 months |
Financial Health Grade: A
In 2023, Plumbers And Pipe Fitters Local Union No 502 reported a surplus of $2.0M with revenue exceeding expenses, holds 40.1 months of operating reserves (strong position), has a debt-to-asset ratio of 3.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Plumbers And Pipe Fitters Local Union No 502's revenue has grown at a compound annual growth rate (CAGR) of 7.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +27.9% | -1.9% | +11.2% |
| 2022 | +12.4% | +2.3% | -1.9% |
| 2021 | -1.9% | +1.2% | -0.4% |
| 2020 | -0.4% | +7.6% | -1.1% |
| 2019 | -0.4% | +24.4% | +1.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1941 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Plumbers And Pipe Fitters Local Union No 502 with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Plumbers And Pipe Fitters Local Union No 502 allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2.0M, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.5%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size and revenue. This suggests either that executive compensation is not paid, or it is categorized under other expense lines, which could obscure a full understanding of how leadership is compensated.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Plumbers And Pipe Fitters Local Union No 502's IRS 990 filings:
- Consistent 0% officer compensation reported, which is highly unusual for an organization of this size and could indicate a lack of transparency in executive pay reporting.
- NTEE Code is unknown, which limits the ability to benchmark against similar organizations and understand its specific programmatic focus.
Strengths
The following positive indicators were identified for Plumbers And Pipe Fitters Local Union No 502:
- Consistent financial surpluses, with revenues exceeding expenses in most reported periods.
- Significant growth in assets from $10.1M in 2014 to $18.7M in 2023, indicating strong financial health and accumulation of reserves.
- Relatively low liabilities compared to assets, suggesting good solvency and financial management.
- Stable revenue streams over the past decade, demonstrating financial resilience.
Frequently Asked Questions about Plumbers And Pipe Fitters Local Union No 502
Is Plumbers And Pipe Fitters Local Union No 502 a legitimate charity?
Plumbers And Pipe Fitters Local Union No 502 (EIN: 200512028) is a registered tax-exempt nonprofit based in Kentucky. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $15.8M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Plumbers And Pipe Fitters Local Union No 502 spend its money?
Plumbers And Pipe Fitters Local Union No 502 directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Plumbers And Pipe Fitters Local Union No 502 tax-deductible?
Plumbers And Pipe Fitters Local Union No 502 is registered as a tax-exempt nonprofit (EIN: 200512028). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Plumbers And Pipe Fitters Local Union No 502's spending goes to programs?
Plumbers And Pipe Fitters Local Union No 502 directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Plumbers And Pipe Fitters Local Union No 502 located?
Plumbers And Pipe Fitters Local Union No 502 is headquartered in Louisville, Kentucky and files with the IRS under EIN 200512028.
How many years of IRS 990 filings does Plumbers And Pipe Fitters Local Union No 502 have?
Plumbers And Pipe Fitters Local Union No 502 has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $15.8M in total revenue.
How does Plumbers And Pipe Fitters Local Union No 502 manage to report 0% officer compensation across all filings?
The consistent reporting of 0% officer compensation is highly unusual for an organization with revenues exceeding $5 million annually. This could mean that compensation for leadership roles is either non-existent, paid through a related entity, or categorized under other expense lines such as 'salaries and wages' for non-officer staff, which would require deeper scrutiny of their financial statements to understand fully.
What are the primary sources of revenue for the organization?
While the filings show total revenue, a detailed breakdown of primary sources (e.g., membership dues, program service revenue, investment income) is not provided in the summary data. Given it's a union, membership dues are likely a significant component.
What specific programs or services does the union provide to its members?
The provided data focuses on financial metrics and does not detail the specific programs or services offered by the union. Understanding these would provide context for the reported expenses.
Filing History
IRS 990 filing history for Plumbers And Pipe Fitters Local Union No 502 showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Plumbers And Pipe Fitters Local Union No 502's revenue has grown by 125.8%, moving from $3.4M to $7.7M. Total assets increased by 162.4% over the same period, from $7.2M to $18.8M. Total functional expenses rose by 44.9%, from $3.9M to $5.6M. In its most recent filing year (2023), Plumbers And Pipe Fitters Local Union No 502 reported a surplus of $2.0M, with revenue exceeding expenses. The organization holds $661K in liabilities against $18.8M in assets (debt-to-asset ratio: 3.5%), resulting in net assets of $18.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7.7M | $5.6M | $18.8M | $661K | — | View 990 |
| 2022 | $6.0M | $5.7M | $16.9M | $825K | — | View 990 |
| 2021 | $5.3M | $5.6M | $17.2M | $976K | — | View 990 |
| 2020 | $5.4M | $5.5M | $17.3M | $1.1M | — | View 990 |
| 2019 | $5.4M | $5.1M | $17.4M | $1.2M | — | View 990 |
| 2018 | $5.5M | $4.1M | $17.3M | $1.4M | — | View 990 |
| 2017 | $5.1M | $3.3M | $16.1M | $1.5M | — | View 990 |
| 2016 | $5.0M | $3.4M | $12.9M | $12K | — | View 990 |
| 2015 | $3.9M | $2.8M | $11.2M | $12K | — | View 990 |
| 2014 | $4.1M | $2.9M | $10.2M | $2K | — | View 990 |
| 2013 | $4.0M | $2.7M | $8.9M | $7K | — | View 990 |
| 2012 | $4.0M | $3.3M | $7.8M | $2K | — | View 990 |
| 2011 | $3.4M | $3.9M | $7.2M | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7.7M, expenses of $5.6M, and assets of $18.8M (revenue +27.9% year-over-year).
- 2022: Revenue of $6.0M, expenses of $5.7M, and assets of $16.9M (revenue +12.4% year-over-year).
- 2021: Revenue of $5.3M, expenses of $5.6M, and assets of $17.2M (revenue -1.9% year-over-year).
- 2020: Revenue of $5.4M, expenses of $5.5M, and assets of $17.3M (revenue -0.4% year-over-year).
- 2019: Revenue of $5.4M, expenses of $5.1M, and assets of $17.4M (revenue -0.4% year-over-year).
- 2018: Revenue of $5.5M, expenses of $4.1M, and assets of $17.3M (revenue +8.1% year-over-year).
- 2017: Revenue of $5.1M, expenses of $3.3M, and assets of $16.1M (revenue +0.3% year-over-year).
- 2016: Revenue of $5.0M, expenses of $3.4M, and assets of $12.9M (revenue +30.9% year-over-year).
- 2015: Revenue of $3.9M, expenses of $2.8M, and assets of $11.2M (revenue -5.9% year-over-year).
- 2014: Revenue of $4.1M, expenses of $2.9M, and assets of $10.2M (revenue +2.4% year-over-year).
- 2013: Revenue of $4.0M, expenses of $2.7M, and assets of $8.9M (revenue +0.9% year-over-year).
- 2012: Revenue of $4.0M, expenses of $3.3M, and assets of $7.8M (revenue +16.9% year-over-year).
- 2011: Revenue of $3.4M, expenses of $3.9M, and assets of $7.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Plumbers And Pipe Fitters Local Union No 502:
Data Sources and Methodology
This transparency report for Plumbers And Pipe Fitters Local Union No 502 is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.