Plumbers & Pipefitters Union Local 104 Joint Apprentice Trust Fund
Plumbers & Pipefitters Union Local 104 Joint Apprentice Trust Fund: Strong Financials, Clear Mission
EIN: 222889994 · Holyoke, MA · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $1.0M |
| Total Expenses | $745K |
| Program Spending | 90% |
| Net Assets | $3.4M |
| Transparency Score | 85/100 |
Is Plumbers & Pipefitters Union Local 104 Joint Apprentice Trust Fund Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Plumbers & Pipefitters Union Local 104 Joint Apprentice Trust Fund directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Plumbers & Pipefitters Union Local 104 Joint Apprentice Trust Fund
Plumbers & Pipefitters Union Local 104 Joint Apprentice Trust Fund (EIN: 222889994) is a nonprofit organization based in Holyoke, MA. The organization reported total revenue of $1.0M and total assets of $4.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Plumbers & Pipefitters Union Local 104 Joint Apprentice Trust Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Plumbers & Pipefitters Union Local 104 Joint Apprentice Trust Fund is a mid-size nonprofit that has been operating for 38 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $745K |
| Surplus / Deficit | +$538K |
| Total Assets | $5.0M |
| Total Liabilities | $1.6M |
| Net Assets | $3.4M |
| Operating Margin | 41.9% |
| Debt-to-Asset Ratio | 31.6% |
| Months of Reserves | 81.0 months |
Financial Health Grade: A
In 2023, Plumbers & Pipefitters Union Local 104 Joint Apprentice Trust Fund reported a surplus of $538K with revenue exceeding expenses, holds 81.0 months of operating reserves (strong position), has a debt-to-asset ratio of 31.6% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Plumbers & Pipefitters Union Local 104 Joint Apprentice Trust Fund's revenue has grown at a compound annual growth rate (CAGR) of 12.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +45.5% | +5.7% | +10.8% |
| 2022 | -33.1% | +4.2% | -2.2% |
| 2021 | +75.3% | +111.5% | +29.3% |
| 2020 | -41.7% | -15.1% | +104.3% |
| 2019 | +135.7% | -9.1% | +126.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1988 |
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 & Pipefitters Union Local 104 Joint Apprentice Trust Fund 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Plumbers & Pipefitters Union Local 104 Joint Apprentice Trust Fund allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% 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 $538K, with revenue exceeding expenses.
- Debt-to-asset ratio: 31.6%.
Executive Compensation Analysis
Executive compensation is not reported as a separate line item in the provided data, suggesting it is either minimal or embedded within other administrative costs, which are low.
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.
Strengths
The following positive indicators were identified for Plumbers & Pipefitters Union Local 104 Joint Apprentice Trust Fund:
- Consistent revenue generation and asset growth over the past several years.
- Low administrative and fundraising expenses, indicating efficient use of funds for its primary mission.
- Significant increase in assets from $1,756,496 in 2019 to $4,379,797 in 2023, demonstrating strong financial health.
- The organization consistently maintains a positive net income, with revenues exceeding expenses in most reported years.
Frequently Asked Questions about Plumbers & Pipefitters Union Local 104 Joint Apprentice Trust Fund
Is Plumbers & Pipefitters Union Local 104 Joint Apprentice Trust Fund a legitimate charity?
Plumbers & Pipefitters Union Local 104 Joint Apprentice Trust Fund (EIN: 222889994) is a registered tax-exempt nonprofit based in Massachusetts. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.0M. No red flags identified. 4 strengths noted. Financial health grade: A.
How does Plumbers & Pipefitters Union Local 104 Joint Apprentice Trust Fund spend its money?
Plumbers & Pipefitters Union Local 104 Joint Apprentice Trust Fund directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Plumbers & Pipefitters Union Local 104 Joint Apprentice Trust Fund tax-deductible?
Plumbers & Pipefitters Union Local 104 Joint Apprentice Trust Fund is registered as a tax-exempt nonprofit (EIN: 222889994). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Plumbers & Pipefitters Union Local 104 Joint Apprentice Trust Fund's spending goes to programs?
Plumbers & Pipefitters Union Local 104 Joint Apprentice Trust Fund directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Plumbers & Pipefitters Union Local 104 Joint Apprentice Trust Fund located?
Plumbers & Pipefitters Union Local 104 Joint Apprentice Trust Fund is headquartered in Holyoke, Massachusetts and files with the IRS under EIN 222889994.
How many years of IRS 990 filings does Plumbers & Pipefitters Union Local 104 Joint Apprentice Trust Fund have?
Plumbers & Pipefitters Union Local 104 Joint Apprentice Trust Fund 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 $1.0M in total revenue.
What does Plumbers & Pipefitters Union Local 104 Joint Apprentice Trust Fund do?
Plumbers & Pipefitters Union Local 104 Joint Apprentice Trust Fund is a nonprofit organization in the Unknown sector, located in Holyoke, Massachusetts. It is classified under NTEE code Unknown.
How much revenue does Plumbers & Pipefitters Union Local 104 Joint Apprentice Trust Fund have?
Plumbers & Pipefitters Union Local 104 Joint Apprentice Trust Fund reported total revenue of $1,006,401. Based on 13 IRS 990 filings on record.
What are Plumbers & Pipefitters Union Local 104 Joint Apprentice Trust Fund's total assets?
Plumbers & Pipefitters Union Local 104 Joint Apprentice Trust Fund holds total assets of $4,379,797 as reported in IRS 990 filings.
Where is Plumbers & Pipefitters Union Local 104 Joint Apprentice Trust Fund located?
Plumbers & Pipefitters Union Local 104 Joint Apprentice Trust Fund is based in Holyoke, Massachusetts.
What is Plumbers & Pipefitters Union Local 104 Joint Apprentice Trust Fund's EIN?
Plumbers & Pipefitters Union Local 104 Joint Apprentice Trust Fund's Employer Identification Number (EIN) is 222889994. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Plumbers & Pipefitters Union Local 104 Joint Apprentice Trust Fund?
Plumbers & Pipefitters Union Local 104 Joint Apprentice Trust Fund is classified under NTEE code Unknown (Unknown).
Is Plumbers & Pipefitters Union Local 104 Joint Apprentice Trust Fund a registered 501(c)(3)?
Plumbers & Pipefitters Union Local 104 Joint Apprentice Trust Fund appears in IRS records (EIN: 222889994). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Plumbers & Pipefitters Union Local 104 Joint Apprentice Trust Fund file IRS Form 990?
Yes, Plumbers & Pipefitters Union Local 104 Joint Apprentice Trust Fund has 13 IRS Form 990 filings on record. The most recent covers tax period 202307.
What was Plumbers & Pipefitters Union Local 104 Joint Apprentice Trust Fund's revenue in 2023?
In the 202307 filing period, Plumbers & Pipefitters Union Local 104 Joint Apprentice Trust Fund reported total revenue of $1,283,089, total expenses of $744,865, and net assets of $5,027,013.
Is Plumbers & Pipefitters Union Local 104 Joint Apprentice Trust Fund's revenue growing or declining?
Plumbers & Pipefitters Union Local 104 Joint Apprentice Trust Fund's revenue is growing. Revenue went from $882,015 (202207) to $1,283,089 (202307), a +45.5% change. Based on 13 filings on record.
What is Plumbers & Pipefitters Union Local 104 Joint Apprentice Trust Fund's most recent 990 filing?
The most recent IRS Form 990 filing for Plumbers & Pipefitters Union Local 104 Joint Apprentice Trust Fund covers tax period 202307. It shows revenue of $1,283,089, expenses of $744,865, total assets of $5,027,013, and liabilities of $1,588,301.
How much does Plumbers & Pipefitters Union Local 104 Joint Apprentice Trust Fund spend on programs vs administration?
Based on IRS 990 analysis, Plumbers & Pipefitters Union Local 104 Joint Apprentice Trust Fund allocates approximately 90% of expenses to program services, 5% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Plumbers & Pipefitters Union Local 104 Joint Apprentice Trust Fund a trustworthy charity?
Based on AI analysis of IRS 990 data, Plumbers & Pipefitters Union Local 104 Joint Apprentice Trust Fund appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 4 strengths noted.
What are Plumbers & Pipefitters Union Local 104 Joint Apprentice Trust Fund's strengths?
Positive indicators for Plumbers & Pipefitters Union Local 104 Joint Apprentice Trust Fund include: Consistent revenue generation and asset growth over the past several years.. Low administrative and fundraising expenses, indicating efficient use of funds for its primary mission.. Significant increase in assets from $1,756,496 in 2019 to $4,379,797 in 2023, demonstrating strong financial health.. The organization consistently maintains a positive net income, with revenues exceeding expenses in most reported years.. These findings are derived from AI analysis of the organization's financial filings.
How does Plumbers & Pipefitters Union Local 104 Joint Apprentice Trust Fund compensate executives?
Executive compensation is not reported as a separate line item in the provided data, suggesting it is either minimal or embedded within other administrative costs, which are low. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does the organization manage to keep its administrative and fundraising costs so low, consistently below 10% of total expenses?
The nature of a joint apprentice trust fund, likely supported by union and employer contributions, inherently reduces the need for extensive public fundraising efforts. Administrative functions are also likely streamlined due to its specific purpose and established operational framework.
What factors contributed to the substantial increase in assets from 2019 to 2023, nearly tripling in value?
The asset growth is likely a combination of consistent positive net income (revenues exceeding expenses) and potentially strategic investments or increased contributions from its supporting entities. For example, in 2023, revenues were $1,283,089 while expenses were $744,865, contributing to asset accumulation.
Filing History
IRS 990 filing history for Plumbers & Pipefitters Union Local 104 Joint Apprentice Trust Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Plumbers & Pipefitters Union Local 104 Joint Apprentice Trust Fund's revenue has grown by 322.2%, moving from $304K to $1.3M. Total assets increased by 910.3% over the same period, from $498K to $5.0M. Total functional expenses rose by 134.3%, from $318K to $745K. In its most recent filing year (2023), Plumbers & Pipefitters Union Local 104 Joint Apprentice Trust Fund reported a surplus of $538K, with revenue exceeding expenses. The organization holds $1.6M in liabilities against $5.0M in assets (debt-to-asset ratio: 31.6%), resulting in net assets of $3.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.3M | $745K | $5.0M | $1.6M | — | — |
| 2022 | $882K | $705K | $4.5M | $1.6M | — | View 990 |
| 2021 | $1.3M | $676K | $4.6M | $1.9M | — | — |
| 2020 | $752K | $320K | $3.6M | $1.5M | — | — |
| 2019 | $1.3M | $377K | $1.8M | $70K | — | View 990 |
| 2018 | $547K | $414K | $775K | $4K | — | View 990 |
| 2017 | $403K | $350K | $654K | $7K | — | View 990 |
| 2016 | $324K | $400K | $591K | $473 | — | View 990 |
| 2015 | $366K | $340K | $672K | $2K | — | View 990 |
| 2014 | $326K | $340K | $656K | $1K | — | View 990 |
| 2013 | $452K | $345K | $663K | $996 | — | View 990 |
| 2012 | $403K | $337K | $565K | $8K | — | View 990 |
| 2011 | $304K | $318K | $498K | $8K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.3M, expenses of $745K, and assets of $5.0M (revenue +45.5% year-over-year).
- 2022: Revenue of $882K, expenses of $705K, and assets of $4.5M (revenue -33.1% year-over-year).
- 2021: Revenue of $1.3M, expenses of $676K, and assets of $4.6M (revenue +75.3% year-over-year).
- 2020: Revenue of $752K, expenses of $320K, and assets of $3.6M (revenue -41.7% year-over-year).
- 2019: Revenue of $1.3M, expenses of $377K, and assets of $1.8M (revenue +135.7% year-over-year).
- 2018: Revenue of $547K, expenses of $414K, and assets of $775K (revenue +35.9% year-over-year).
- 2017: Revenue of $403K, expenses of $350K, and assets of $654K (revenue +24.2% year-over-year).
- 2016: Revenue of $324K, expenses of $400K, and assets of $591K (revenue -11.5% year-over-year).
- 2015: Revenue of $366K, expenses of $340K, and assets of $672K (revenue +12.5% year-over-year).
- 2014: Revenue of $326K, expenses of $340K, and assets of $656K (revenue -27.9% year-over-year).
- 2013: Revenue of $452K, expenses of $345K, and assets of $663K (revenue +12.2% year-over-year).
- 2012: Revenue of $403K, expenses of $337K, and assets of $565K (revenue +32.5% year-over-year).
- 2011: Revenue of $304K, expenses of $318K, and assets of $498K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Plumbers & Pipefitters Union Local 104 Joint Apprentice Trust Fund:
Data Sources and Methodology
This transparency report for Plumbers & Pipefitters Union Local 104 Joint Apprentice Trust Fund 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.