PLUMBERS & STEAMFITTERS LOCAL 267 INSURANCE FUND

EIN: 156025166

SYRACUSE, NY

Total Revenue
$12,556,411
Total Expenses
$10,925,295
Total Assets
$36,905,870
Net Assets
$36,567,836
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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
1954
Legal Domicile
NY
Principal Officer
MICHAEL D NANNO
Phone
3154331554
Tax Period
2023-01-01 to 2023-12-31

PLUMBERS & STEAMFITTERS LOCAL 267 INSURANCE FUND, founded in 1954, is a mid-sized nonprofit that reported $12.6M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $10.9M left a modest 13% surplus.

Mission

EMPLOYEE BENEFITS FUND

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $11,039,830
Investment Income $1,288,535
Other Revenue $228,046
TOTAL REVENUE $12,556,411

Expense Breakdown

Grants Paid $0
Salaries & Benefits $353,199
Fundraising Expenses $0
Other Expenses $590,195
TOTAL EXPENSES $10,925,295

Year-over-Year Comparison

2023 2022 Change
Revenue $12,556,411 $11,279,730 +0.1%
Expenses $10,925,295 $11,129,689 0.0%
Net Income $1,631,116 $150,041 +9.9%
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

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Governance

Voting Members
12
Independent Members
6
Employees
9
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
1
$167,609
Total Directors
12
$896,307
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN DINEEN EMPLOYER TRUSTEE 0.50
Director
$0 $0 $0
STEVE PERRY EMPLOYER TRUSTEE 0.50
Director
$0 $0 $0
MARCO BERTON EMPLOYER TRUSTEE 0.50
Director
$0 $0 $0
EARL HALL EMPLOYER TRUSTEE 0.50
Director
$0 $0 $0
MARK STAUB EMPLOYER TRUSTEE 0.50
Director
$0 $0 $0
GREGORY LANCETTE UNION TRUSTEE 0.50
Director
$0 $88,509 $242,662
BRADLEY WARD UNION TRUSTEE 0.50
Director
$0 $83,501 $217,623
MARCUS WILLAMEE UNION TRUSTEE 0.50
Director
$0 $83,501 $218,511
GERALD MORLEY JR UNION TRUSTEE 0.50
Director
$0 $83,501 $217,511
DAVID WABY UNION TRUSTEE 0.50
Director
$0 $0 $0
JAMES FREDENBURG UNION TRUSTEE 0.50
Director
$0 $0 $0
GERAD HANLEY EMPLOYER TRUSTEE 0.50
Director
$0 $0 $0
MICHAEL D NANNO FUND MANAGER 16.00
Officer
$116,087 $51,522 $167,609
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 $12,556,411 $10,925,295 $36,905,870 $1,631,116
2022 $11,279,730 $11,129,689 $34,245,461 $150,041
2021 $13,049,655 $10,462,894 $38,912,806 $2,586,761
2020 $11,023,411 $8,867,151 $36,369,911 $2,156,260
2019 $11,196,342 $9,332,499 $32,213,382 $1,863,843
2018 $10,404,180 $8,790,678 $27,917,429 $1,613,502
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