PLUMBERS AND STEAMFITTERS LOCAL NO 131 HEALTH AND WELFARE FUND (EIN 026009395) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1971

Legal Domicile

Principal Officer

DAVID PELLETIER

Phone

2032697741

Tax Period

2023-11-01 to 2024-10-31

PLUMBERS AND STEAMFITTERS LOCAL NO 131 HEALTH AND WELFARE FUND, founded in 1971, is a community nonprofit that reported $5.4M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Net assets of $11.3M represent 25 months of operating reserves.

Mission

PROVIDE HEALTH AND WELFARE BENEFITS

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $4,883,010

Investment Income $271,116

Other Revenue $249,924

TOTAL REVENUE $5,404,050

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $479,688

TOTAL EXPENSES $5,356,717

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,404,050	$5,787,109	-0.1%
Expenses	$5,356,717	$4,719,209	+0.1%
Net Income	$47,333	$1,067,900	-1.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

$246,406

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID PELLETIER	UNION TRUSTEE	1.00	Director	$0	$0	$123,853
STEVEN LACHANCE	UNION TRUSTEE	1.00	Director	$0	$0	$122,553
JOHN DOHERTY	MANAGEMENT TRUSTEE	1.00	Director	$0	$0	$0
LAUREN CAMPBELL	MANAGEMENT TRUSTEE	1.00	Director	$0	$0	$0
SEAN R DOHERTY	MANAGEMENT TRUSTEE	1.00	Director	$0	$0	$0
RICHARD HANSELL	MANAGEMENT TRUSTEE	1.00	Director	$0	$0	$0
GREG ROGERS	UNION TRUSTEE	1.00	Director	$0	$0	$0
ERIC BERRY	UNION TRUSTEE	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$5,404,050	$5,356,717	$11,773,716	$47,333
2023	$5,787,109	$4,719,209	$10,191,035	$1,067,900
2022	$5,531,860	$4,623,495	$9,216,846	$908,365
2021	$4,986,402	$4,238,309	$9,629,693	$748,093
2020	$4,850,334	$4,414,423	$8,357,877	$435,911
2019	$4,922,965	$3,726,861	$7,773,148	$1,196,104
2018	$4,252,781	$3,842,426	$6,110,273	$410,355

PLUMBERS AND STEAMFITTERS LOCAL NO 131 HEALTH AND WELFARE FUND