Plumbers and Steamfitters Local 267

Nonprofit profile at a glance

Source: IRS Form 990. Selected filing: tax year 2020. Amounts in USD.

19 people listed

GREGORY LANCETTE (BUSINESS MANAGER): $108,734 total reported compensation
MARCUS WILLIAMEE (INSIDE GUARD/ ORGANIZER): $105,480 total reported compensation
BRADLEY WARD (BUSINESS AGENT): $105,480 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.

To organize plumbers and steamfitters for the economic, social, and moral advancement of their condition and status.

Revenue model: Earned-program. 95% of the money available for current operations came from fees and other program revenue.
Distribution model: Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Consistency checks: 90%; rating input score 90; 4th percentile among comparable filings
Pay-setting controls: Limited
Foreign activity oversight: Limited
Grant itemization coverage: 89%; rating input score 89; 35th percentile among comparable filings
Major donor itemization: Limited
Related-party transparency: Limited

Independent voting board: 78.9%; rating input score 79; 16th percentile among comparable filings
Governance controls: 6 of 9 controls in place; rating input score 67
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass

Operating margin: -1.5%; rating input score 23; 23rd percentile among comparable filings
Total-asset coverage ratio: 0; rating input score 0; 0th percentile among comparable filings
Liabilities to assets ratio: Limited
Officer compensation ratio: 35.6%; rating input score 5; 5th percentile among comparable filings

Program expense growth: Limited
Revenue growth: 2.1% per year; rating input score 100; 36th percentile among comparable filings
Asset growth: -0.4% per year; rating input score 0; 20th percentile among comparable filings

Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
Governance: 15 of 19 board members independent · 6 of 9 filing controls reported
Programs: 1 filed program accomplishment
Leadership: top reported pay $109K · 19 people listed
Consistency: 11 of 12 current checks pass · 1 finding to review
Schedules: 6 filed schedules · includes grants
Filing history: 11 filing years from 2010 to 2020
Contacts: How to reach this organization
Money network: 13 filed money-flow records
Related organizations: 2 filed related-organization links
Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
People: Everyone the filings name, and which of them the filings identify by more than a name.

Signals prioritize questions for review. They are not findings of misconduct.

Review — Accountability: Governance controls: 3 of 9 not reported.
High — Sustainability: Operating margin scored 23/100.
Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
High — Growth: Asset growth scored 0/100.
High — Sustainability: Total-asset coverage ratio scored 0/100.
High — Sustainability: Officer compensation ratio scored 5/100.