Plumbers & Steamfitters Local No 403
Nonprofit profile at a glance
- EIN
- 951318035
- IRS 990 coverage
- 2010–2010
- Forms available
- Form 990 2010
- Location
- San Luis Obispo, CA, USA
- Phone
- 8055435003
- Rating confidence
- Limited
- Sector
- Labor Unions
Reported finances
- Revenue
- $441,751
- Expenses
- $536,387
- Assets
- $433,682
- Liabilities
- $67,691
Source: IRS Form 990. Selected filing: tax year 2010. Amounts in USD.
Leadership & pay
15 people listed
Source: IRS Form 990. Selected filing: tax year 2010. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The object of local 403 shall be to provide ways and means for the advancement of the best interests of the trade and for mutual protection and benefits, to organize all work coming within the jurisdiction of local 403, to secure improved wages, hours, working conditions and other economic advances through organization, negotiations and collective bargaining.
What it reported doing in 2010
Program services used to protect members from unjust and injurious competition and to sponsor programs.
Operating model
- Revenue model
- Membership-supported. 77% of the money available for current operations came from membership dues.
- 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 verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 100
- Accountability: 100
- Sustainability: 24
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 59th percentile among comparable filings
- Pay-setting controls: Limited
- 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: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- 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
Sustainability
- Operating margin: -21.4%; rating input score 14; 14th percentile among comparable filings
- Total-asset coverage ratio: 0.81; rating input score 38; 38th percentile among comparable filings
- Liabilities to assets ratio: 0.16; rating input score 34; 34th percentile among comparable filings
- Officer compensation ratio: 20.6%; rating input score 21; 21st percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 14 of 14 board members independent · 8 of 8 filing controls reported
- Programs: 2 filed program accomplishments · $531K in reported program spending
- Leadership: top reported pay $110K · 15 people listed
- Consistency: 27 of 27 current checks pass
- Schedules: 3 filed schedules
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 14/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 38/100.
- High — Sustainability: Officer compensation ratio scored 21/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 34/100.