NEW YORK CITY STEAMFITTERS & STEAMFITTER HELPERS RETIREES HEALTH & WELFARE FUND (EIN 133240626) - 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

1991

Legal Domicile

Principal Officer

ROBERT KELLY

Phone

5163965500

Tax Period

2024-01-01 to 2024-12-31

NEW YORK CITY STEAMFITTERS & STEAMFITTER HELPERS RETIREES HEALTH & WELFARE FUND, founded in 1991, is a small nonprofit in the Mutual Benefit sector that reported $349K in total revenue in fiscal year 2024. Revenue surged 93% from the prior year, signaling strong growth momentum. Expenses of $328K left a modest 6% surplus.

Mission

THE PLAN PROVIDES BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS. THE BENEFITS INCLUDE DENTAL, OPTICAL, LIFE INSURANCE, HEARING AIDS, AND PREPAID LEGAL.

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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 $333,163

Investment Income $16,238

Other Revenue $0

TOTAL REVENUE $349,401

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $38,137

TOTAL EXPENSES $328,443

Year-over-Year Comparison

	2024	2023	Change
Revenue	$349,401	$181,407	+0.9%
Expenses	$328,443	$344,043	0.0%
Net Income	$20,958	$-162,636	-1.1%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT KELLY	TRUSTEE	1.00	Director	$0	$0	$0
SAL PALAZZOLA	TRUSTEE	1.00	Director	$0	$0	$0
JENNY WUESTEFELD	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	$349,401	$328,443	$602,421	$20,958
2023	$181,407	$344,043	$565,825	$-162,636
2022	$270,869	$280,999	$663,395	$-10,130
2021	$277,458	$265,826	$737,273	$11,632
2020	$286,759	$237,063	$758,391	$49,696
2019	$239,110	$265,756	$755,863	$-26,646
2018	$222,420	$259,635	$738,669	$-37,215

NEW YORK CITY STEAMFITTERS & STEAMFITTER HELPERS RETIREES HEALTH & WELFARE FUND