Plumbers Local No 12 Building Corporation
Nonprofit profile at a glance
- EIN
- 043541451
- IRS 990 coverage
- 2012–2025
- Forms available
- Form 990 2025
- Location
- Boston, MA, USA
- Phone
- 6172886200
- Rating
- 69
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $544,336
- Expenses
- $454,505
- Assets
- $3,101,023
- Liabilities
- $111,934
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
40 people listed
Executive titles in this filing
- GREGG PETERSON (PRESIDENT)
- THOMAS MCCARTHY (VICE PRESIDENT)
Highest reported compensation
- JAMES VAUGHAN (BUSINESS MANAGER): $323,437 total reported compensation
- PATRICK MULKERRIN (BUSINESS AGENT): $313,650 total reported compensation
- FRANK AMATO (BUSINESS AGENT): $309,460 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide space for union activities
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 77
- Transparency & Controls: 60
- Accountability: 77
- Sustainability: 63
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 80.5%; rating input score 81
- Program expense ratio: 96.5%; rating input score 97
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 4 of 9 controls in place; rating input score 44
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 16.5%; rating input score 67; 67th percentile among comparable filings
- Total-asset coverage ratio: 6.82; rating input score 88; 88th percentile among comparable filings
- Liabilities to assets ratio: 0.04; rating input score 47; 47th percentile among comparable filings
- Officer compensation ratio: 120.3%; rating input score 0; 0th percentile among comparable filings
Growth
- Program expense growth: -0.2% per year; rating input score 0; 15th percentile among comparable filings
- Revenue growth: 5.6% per year; rating input score 100; 41st percentile among comparable filings
- Asset growth: -1.3% per year; rating input score 0; 12th percentile among comparable filings
Details
- Where the money goes: 80.5% of revenue deployed · 96.5% of spending went to programs
- Governance: 38 of 38 board members independent · 4 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $439K in reported program spending
- Leadership: top reported pay $323K · 40 people listed · 0 of 6 pay-setting controls reported
- Consistency: 18 of 18 current checks pass
- Schedules: 4 filed schedules · includes executive pay
- Filing history: 14 filing years from 2012 to 2025
- Contacts: How to reach this organization
- Related organizations: 2 filed related-organization links
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Moderate — Accountability: Governance controls: 5 of 9 not reported.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 0/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 47/100.