JOURNEYMEN OF PLUMBING & PIPEFITTING IND WELFARE FUND OF LOCAL 274 (EIN 221530864) - 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

1952

Phone

9736017336

Tax Period

2024-01-01 to 2024-12-31

JOURNEYMEN OF PLUMBING & PIPEFITTING IND WELFARE FUND OF LOCAL 274, founded in 1952, is a mid-sized nonprofit in the Health Care sector that reported $11.8M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.9M, a strong 16% operating margin.

Mission

Provide group health benefits for eligible participants and their qualified 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 $11,047,491

Investment Income $788,654

Other Revenue $2,632

TOTAL REVENUE $11,838,777

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $9,839,549

Other Expenses $533,718

TOTAL EXPENSES $9,927,236

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,838,777	$10,706,939	+0.1%
Expenses	$9,927,236	$8,272,882	+0.2%
Net Income	$1,911,541	$2,434,057	-0.2%

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

$928,584

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Edward Discoll	Trustee	1.00	Director	$0	$130,484	$322,157
Chester Rozmus	Trustee	1.00	Director	$0	$127,961	$303,390
Timothy Curran	Trustee	1.00	Director	$0	$127,961	$303,037
Kevin Armistead-Armistead Mech	Trustee	1.00	Director	$0	$0	$0
Phillip Petillo - MCA	Trustee	1.00	Director	$0	$0	$0
Robert DurrJr -BinskySnyder	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	$11,838,777	$9,927,236	$17,153,575	$1,911,541
2023	$10,706,939	$8,272,882	$15,130,522	$2,434,057
2022	$8,378,031	$9,601,932	$12,879,222	$-1,223,901
2021	$11,043,996	$8,352,890	$14,253,672	$2,691,106
2020	$10,305,405	$9,651,554	$11,643,517	$653,851
2019	$13,394,563	$12,265,768	$11,508,892	$1,128,795
2018	$11,281,187	$9,600,523	$9,810,295	$1,680,664

JOURNEYMEN OF PLUMBING & PIPEFITTING IND WELFARE FUND OF LOCAL 274