PLUMBERS AND PIPEFITTERS LOCAL 9 WELFARE FUND (EIN 222193446) - 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

1977

Legal Domicile

Phone

6097181323

Tax Period

2024-07-01 to 2025-06-30

PLUMBERS AND PIPEFITTERS LOCAL 9 WELFARE FUND, founded in 1977, is a mid-sized nonprofit that reported $34.5M in total revenue in fiscal year 2024. Expenses of $31.4M left a modest 9% surplus.

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 $32,993,100

Investment Income $1,459,185

Other Revenue $0

TOTAL REVENUE $34,452,285

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $30,381,895

Other Expenses $1,026,277

TOTAL EXPENSES $31,408,172

Year-over-Year Comparison

	2024	2023	Change
Revenue	$34,452,285	$33,102,079	+0.0%
Expenses	$31,408,172	$27,669,488	+0.1%
Net Income	$3,044,113	$5,432,591	-0.4%

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

Total Directors

$597,564

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL TRANBERG	Trustee	1.00	Director	$0	$126,002	$312,966
PATRICK SCHARNITZ	Trustee	1.00	Director	$0	$121,597	$279,604
CHARLES GELOSO	Trustee	1.00	Director	$0	$0	$1,706
THOMAS F PANCONI JR	Trustee	1.00	Director	$0	$0	$1,706
CHARLES WHALEN III	Trustee	1.00	Director	$0	$0	$1,582
DANIEL REUTER	Trustee	1.00	Director	$0	$0	$0
VINCENT SPIEZIO III	Trustee	1.00	Director	$0	$0	$0
NICHOLAS SAPNAR	Trustee	1.00	Director	$0	$0	$0
ROBERT J BREYTA JR	Trustee	1.00	Director	$0	$0	$0
PHILLIP PETILLO	Trustee	1.00	Director	$0	$0	$0
DAVID STROBINO	Trustee	1.00	Director	$0	$0	$0
JUSTIN MALONEY	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
2025	$34,452,285	$31,408,172	$43,665,300	$3,044,113
2024	$33,102,079	$27,669,488	$39,016,551	$5,432,591
2023	$29,668,428	$29,022,720	$33,170,398	$645,708
2022	$27,003,404	$25,138,803	$32,816,826	$1,864,601
2021	$22,800,627	$25,098,746	$33,621,084	$-2,298,119
2020	$25,961,089	$22,484,955	$35,249,470	$3,476,134
2019	$25,038,400	$22,931,771	$30,511,723	$2,106,629
2018	$27,023,721	$23,136,090	$28,257,850	$3,887,631

PLUMBERS AND PIPEFITTERS LOCAL 9 WELFARE FUND