PLUMBERS LOCAL UNION NO 200 WELFARE FUN (EIN 113124836) - 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

1993

Legal Domicile

Principal Officer

DOLORES BLAKE

Phone

6317390020

Tax Period

2024-07-01 to 2025-06-30

PLUMBERS LOCAL UNION NO 200 WELFARE FUN, founded in 1993, is a mid-sized nonprofit that reported $23.1M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $10.2M, a strong 44% operating margin.

Mission

TO PROVIDE HEALTH BENEFITS TO ELIGIBLE MEMBERS AND THEIR DEPENDENTS.

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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 $20,028,574

Investment Income $3,078,349

Other Revenue $0

TOTAL REVENUE $23,106,923

Expense Breakdown

Grants Paid $0

Salaries & Benefits $254,738

Fundraising Expenses $0

Other Expenses $442,626

TOTAL EXPENSES $12,931,097

Year-over-Year Comparison

	2024	2023	Change
Revenue	$23,106,923	$20,277,969	+0.1%
Expenses	$12,931,097	$12,593,089	+0.0%
Net Income	$10,175,826	$7,684,880	+0.3%

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

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

$208,683

Total Directors

$1,226,663

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANNY GRODOTZKE	UNION TRUSTEE	2.00	Director	$0	$0	$0
MARIO MATTERA	UNION TRUSTEE	2.00	Director	$0	$92,728	$239,597
JOSEPH SQUICCIARINI	UNION TRUSTEE	2.00	Director	$0	$92,728	$239,597
RICHARD BROOKS	UNION TRUSTEE	4.00	Director	$0	$93,270	$258,497
ROBERT RUGGIERO JR	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
PETER RUSSO	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
JEFF CONNELLY	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
MATT PARSON	UNION TRUSTEE	2.00	Director	$156,647	$92,728	$249,375
RYAN TRUNCALI	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
EDWARD TEDLA	UNION TRUSTEE	0.00	Director	$0	$92,728	$239,597
JEFF LEVINE	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
DOLORES BLAKE	PLAN ADMINISTRATOR	22.00	Officer	$130,611	$78,072	$208,683
ROBERT SIACHITANO	APPRENTICE DIRECTOR	1.00	Highest	$135,186	$92,598	$227,784

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	$23,106,923	$12,931,097	$70,255,786	$10,175,826
2024	$20,277,969	$11,900,789	$57,913,160	$8,377,180
2023	$20,324,968	$12,144,561	$48,106,081	$8,180,407
2022	$19,812,918	$11,451,631	$39,686,582	$8,361,287
2021	$18,819,195	$11,294,772	$34,539,187	$7,524,423
2020	$17,405,205	$11,694,397	$26,632,712	$5,710,808
2019	$15,008,170	$10,776,159	$19,935,129	$4,232,011
2018	$13,235,988	$9,053,942	$15,233,768	$4,182,046

PLUMBERS LOCAL UNION NO 200 WELFARE FUN