TRUSTEES OF PLUMBERS & PIPEFITTERS LOCAL NO 104 H&W PLAN (EIN 042746378) - 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

1982

Legal Domicile

Principal Officer

CARLEY GUILBERT

Phone

4135923397

Tax Period

2024-07-01 to 2025-06-30

TRUSTEES OF PLUMBERS & PIPEFITTERS LOCAL NO 104 H&W PLAN, founded in 1982, is a community nonprofit that reported $6.7M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $7.4M exceeded revenue, resulting in a 10% operating deficit.

Mission

HEALTH & WELFARE BENEFIT PLAN PROVIDING HEALTH, DENTAL, AND DISABILITY BENEFITS TO PARTICIPATING MEMBERS

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $6,011,826

Investment Income $245,352

Other Revenue $400,858

TOTAL REVENUE $6,658,036

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,362

Fundraising Expenses $0

Program Expenses $7,356,127

Other Expenses $148,970

TOTAL EXPENSES $7,356,127

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,658,036	$5,856,754	+0.1%
Expenses	$7,356,127	$5,852,489	+0.3%
Net Income	$-698,091	$4,265	-164.7%

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

$360,257

Total Directors

$587,269

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL LANGONE	CHAIR, TTEE	1.00	Officer Director	$0	$93,527	$200,693
STEVE BRADLEY	UNION TRUSTEE	1.00	Director	$0	$88,660	$193,969
JOHN BLANCHARD	UNION TRUSTEE	1.00	Director	$0	$88,346	$192,607
CARLEY GUILBERT	ADMINISTRATOR	20.00	Officer	$0	$57,068	$159,564
SCOTT GRODSKY	CONTRACTOR TTEE	1.00	Director	$0	$0	$0
STEVE AFFANATO	CONTRACTOR TTEE	1.00	Director	$0	$0	$0
DAVE GERNUX	CONTRACTOR TTEE	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
2025	$6,658,036	$7,356,127	$9,393,986	$-698,091
2024	No data	No data	No data	No data
2023	$6,056,972	$5,688,910	$9,303,338	$368,062
2022	$5,137,224	$4,766,207	$8,699,961	$371,017
2021	$4,653,774	$4,405,253	$8,724,276	$248,521
2020	$4,760,488	$6,049,147	$8,542,582	$-1,288,659
2019	$4,770,389	$4,869,086	$9,391,237	$-98,697
2018	$5,288,858	$5,286,459	$9,507,431	$2,399

TRUSTEES OF PLUMBERS & PIPEFITTERS LOCAL NO 104 H&W PLAN