Steamfitters Local Union No 602

Nonprofit profile at a glance

EIN
530150360
IRS 990 coverage
2016–2024
Forms available
Form 990 2024
Location
Capitol Heights, MD, USA
Phone
3013332356
Rating
65
Verdict
SUPPORTED
Rating confidence
Moderate

Official website

Reported finances

Revenue
$13,124,622
Expenses
$10,982,120
Assets
$19,301,578
Liabilities
$24,438

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

16 people listed

Executive titles in this filing

  • JOHN P SULLIVAN (PRESIDENT)
  • TIMOTHY B BLACKWELL (VICE PRESIDENT)

Highest reported compensation

  • CHRISTOPHER MADELLO (BUSINESS MGR/FIN. SEC. TREASUR): $316,799 total reported compensation
  • SIDNEY BONILLA (ASSISTANT BUSINESS MANAGER): $284,487 total reported compensation
  • SEAN STRASER (BUSINESS AGENT): $277,202 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The purpose of the organization is to elevate the trades of steamfitting/pipefitting including heating, ventilation, air conditioning, energy management and service, and maintenance and to assist its members in securing stable employment.

What it reported doing in 2024

Representation - to elevate the trades of steamfitting/pipefitting including heating, ventilation, air conditioning, energy management and service, and maintenance and to assist its members in securing stable employment. Steamfitting/pipefitting including heating, ventilation, air conditioning, energy management and service, and maintenance and to assist its members in securing stable employment.

Operating model

Revenue model
Earned-program. 94% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 88% 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: 63
  • Transparency & Controls: 60
  • Accountability: 67
  • Sustainability: 65
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 63.7%; rating input score 64
  • Program expense ratio: 80.5%; rating input score 81
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd 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: 83.3%; rating input score 83; 17th 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: 16.3%; rating input score 78; 78th percentile among comparable filings
  • Total-asset coverage ratio: 1.76; rating input score 57; 57th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 96; 96th percentile among comparable filings
  • Officer compensation ratio: 19%; rating input score 5; 5th percentile among comparable filings

Growth

  • Program expense growth: 13% per year; rating input score 100; 79th percentile among comparable filings
  • Revenue growth: 7% per year; rating input score 100; 59th percentile among comparable filings
  • Asset growth: 8.7% per year; rating input score 100; 59th percentile among comparable filings

Details

  • Where the money goes: 63.7% of revenue deployed · 80.5% of spending went to programs
  • Governance: 5 of 6 board members independent · 4 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $8.8M in reported program spending
  • Leadership: top reported pay $317K · 16 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 30 of 30 current checks pass
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 9 filing years from 2016 to 2024
  • Contacts: How to reach this organization
  • Money network: 18 filed money-flow records
  • Related organizations: 3 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.

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.
  • Review — Sustainability: Total-asset coverage ratio scored 57/100.
  • High — Sustainability: Officer compensation ratio scored 5/100.