PLUMBERS LOCAL NO 112 HEALTH FUND (EIN 166053348) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1961

Legal Domicile

Principal Officer

DANIEL CROCKER

Phone

6077221883

Tax Period

2023-01-01 to 2023-12-31

PLUMBERS LOCAL NO 112 HEALTH FUND, founded in 1961, is a community nonprofit that reported $9.2M in total revenue in fiscal year 2023. Expenses of $8.1M left a modest 12% surplus.

Mission

PROVIDE MEDICAL, VISION AND PRESCRIPTION FOR MEMBERS OF THE PLUMBERS, PIPEFITTERS AND APPRENTICES OF LOCAL 112-BINGHAMTON, NY

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $9,015,249

Investment Income $191,747

Other Revenue $5,516

TOTAL REVENUE $9,212,512

Expense Breakdown

Grants Paid $0

Salaries & Benefits $206,165

Fundraising Expenses $0

Other Expenses $1,169,080

TOTAL EXPENSES $8,120,985

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,212,512	$8,774,738	+0.0%
Expenses	$8,120,985	$7,310,770	+0.1%
Net Income	$1,091,527	$1,463,968	-0.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$164,390

Total Directors

$202,843

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES ROUNDS	TRUSTEE	1.00	Director	$0	$0	$0
DONALD DARCANGELO	TRUSTEE	1.00	Director	$0	$0	$0
FRAN COONEY	TRUSTEE	1.00	Director	$0	$0	$0
DANIEL CROCKER	BUSINESS MANAGER/FINANCIAL	1.00	Director	$0	$92,116	$202,843
JD MCMASTER	TRUSTEE	1.00	Director	$0	$0	$0
KEVIN PHILLIPS	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD FALVO	TRUSTEE	1.00	Director	$0	$0	$0
TODD BURT	TRUSTEE	1.00	Director	$0	$0	$0
JOSH BARNES	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD SCHMALZ	TRUSTEE	1.00	Director	$0	$0	$0
LOUIS FALVO	TRUSTEE	1.00	Director	$0	$0	$0
DAVE VANAUKEN	PLAN ADMINISTRATOR	16.00	Officer	$0	$62,890	$164,390

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	$9,212,512	$8,120,985	$13,766,152	$1,091,527
2022	$8,774,738	$7,310,770	$12,026,887	$1,463,968
2021	$8,933,795	$7,357,651	$12,054,683	$1,576,144
2020	$7,570,894	$6,228,197	$9,969,250	$1,342,697
2019	$7,775,405	$6,442,776	$8,227,787	$1,332,629
2018	$7,575,585	$5,796,762	$6,624,385	$1,778,823

PLUMBERS LOCAL NO 112 HEALTH FUND