PIPEFITTERS UNION LOCAL NO 537 HEALTH & WELFARE FUND (EIN 042167074) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1953

Legal Domicile

Principal Officer

JAMES CURRAN

Phone

6177875550

Tax Period

2024-03-01 to 2025-02-28

PIPEFITTERS UNION LOCAL NO 537 HEALTH & WELFARE FUND, founded in 1953, is a mid-sized nonprofit in the Health Care sector that reported $63.1M in total revenue in fiscal year 2024. Expenses of $59.6M left a modest 5% surplus.

Mission

HEALTH & WELFARE BENEFITS

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $61,950,671

Investment Income $1,117,796

Other Revenue $0

TOTAL REVENUE $63,068,467

Expense Breakdown

Grants Paid $0

Salaries & Benefits $306,214

Fundraising Expenses $0

Other Expenses $3,011,264

TOTAL EXPENSES $59,637,976

Year-over-Year Comparison

	2024	2023	Change
Revenue	$63,068,467	$61,151,526	+0.0%
Expenses	$59,637,976	$53,820,989	+0.1%
Net Income	$3,430,491	$7,330,537	-0.5%

Key Indicators

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

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$288,196

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN J CANAVAN	TRUSTEE	1.00	Director	$0	$0	$0
STEPHEN P AFFANATO	TRUSTEEE	1.00	Officer Director	$0	$0	$0
DAVID G CANNISTRARO	TRUSTEE	1.00	Director	$0	$0	$0
DANIEL T O'BRIEN	TRUSTEE	1.00	Director	$0	$0	$0
BRIAN A NICHOLSON	TRUSTEE	1.00	Director	$0	$0	$0
JAMES M O'BRIEN	TRUSTEE	1.00	Director	$0	$0	$0
JAMES CURRAN	ADMINISTRATOR	17.00	Officer	$0	$73,528	$288,196

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
2025	$63,068,467	$59,637,976	$92,581,230	$3,430,491
2024	$61,151,526	$53,820,989	$87,102,089	$7,330,537
2023	$54,429,463	$50,412,304	$75,399,433	$4,017,159
2022	$53,599,629	$44,353,637	$71,934,513	$9,245,992
2021	$42,636,783	$35,481,777	$61,090,794	$7,155,006
2020	$47,742,018	$40,282,484	$55,173,860	$7,459,534
2019	$43,896,985	$40,145,687	$46,838,790	$3,751,298

PIPEFITTERS UNION LOCAL NO 537 HEALTH & WELFARE FUND