PLUMBERS & PIPEFITTERS UNION LOCAL NO 4 HEALTH & WELFARE FUND (EIN 046124621) - 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

1990

Legal Domicile

Principal Officer

ROBBIE MCCARTHY

Phone

2032697741

Tax Period

2023-01-01 to 2023-12-31

PLUMBERS & PIPEFITTERS UNION LOCAL NO 4 HEALTH & WELFARE FUND, founded in 1990, is a community nonprofit that reported $4.3M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Net assets of $10.3M represent 29 months of operating reserves.

Mission

CONTRIBUTIONS ARE REQUIRED UNDER THE TERMS OF THE COLLECTIVE BARGAINING AGREEMENT BETWEENTHE UNION AND THE EMPLOYERS.

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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 $4,024,613

Investment Income $274,075

Other Revenue $0

TOTAL REVENUE $4,298,688

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $117,982

TOTAL EXPENSES $4,193,594

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,298,688	$3,930,014	+0.1%
Expenses	$4,193,594	$4,081,177	+0.0%
Net Income	$105,094	$-151,163	-1.7%

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

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIMOTHY FERGUSON	TRUSTEE (P)	2.00	Director	$0	$0	$0
PIERRE GROLEAU	TRUSTEE	2.00	Director	$0	$0	$0
LEONARD NAREL	TRUSTEE (P)	2.00	Director	$0	$0	$0
ROBERT NIMS	TRUSTEE	2.00	Director	$0	$0	$0
WILLIAM LYNCH	TRUSTEE	2.00	Director	$0	$0	$0
ELLIOT DRAKE	TRUSTEE	2.00	Director	$0	$0	$0
ROBBIE MCCARTHY	TRUSTEE	2.00	Director	$0	$0	$0
SHAUN CIANCI	TRUSTEE	2.00	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	No data	No data	No data	No data
2023	$4,298,688	$4,193,594	$10,358,266	$105,094
2022	$3,930,014	$4,081,177	$9,810,289	$-151,163
2021	$3,769,641	$3,964,031	$11,218,496	$-194,390
2020	$3,249,677	$4,050,099	$10,806,405	$-800,422
2019	$4,371,442	$4,025,134	$10,852,429	$346,308
2018	$3,642,872	$4,043,588	$9,598,476	$-400,716

PLUMBERS & PIPEFITTERS UNION LOCAL NO 4 HEALTH & WELFARE FUND