PLUMBERS LOCAL 24 WELFARE FUND (EIN 226044230) - 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

1963

Legal Domicile

Principal Officer

ROSHAN WHITE

Phone

9735217058

Tax Period

2024-05-01 to 2025-04-30

PLUMBERS LOCAL 24 WELFARE FUND, founded in 1963, is a mid-sized nonprofit that reported $23.6M in total revenue in fiscal year 2024. Expenses of $22.7M left a modest 4% surplus.

Mission

PROVIDE MEDICAL BENEFITS TO ELIGIBLE PARTICIPANTS

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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 $21,385,687

Investment Income $1,006,927

Other Revenue $1,171,501

TOTAL REVENUE $23,564,115

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $21,877,921

Other Expenses $799,397

TOTAL EXPENSES $22,677,318

Year-over-Year Comparison

	2024	2023	Change
Revenue	$23,564,115	$22,500,882	+0.0%
Expenses	$22,677,318	$20,746,968	+0.1%
Net Income	$886,797	$1,753,914	-0.5%

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

$1,504,945

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROSHAN WHITE	Trustee	1.00	Director	$0	$123,723	$308,165
PATRICK KELLEHER	Trustee	1.00	Director	$0	$123,683	$301,109
KERMIT HARTMAN	Trustee	1.00	Director	$0	$122,683	$298,707
CHADRICK GARRIS	Trustee	1.00	Director	$0	$122,683	$298,507
VINCENT SCORDO	Trustee	1.00	Director	$0	$122,683	$298,457
PHILLIP PETILLO	Trustee	1.00	Director	$0	$0	$0
SALVATORE FICHERA	Trustee	1.00	Director	$0	$0	$0
ROBERT ARMISTEAD	Trustee	1.00	Director	$0	$0	$0
CHRISTOPHER H SNYDER	Trustee	1.00	Director	$0	$0	$0
NELSON ZEBRANSKY JR	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	$23,564,115	$22,677,318	$43,181,194	$886,797
2024	$22,500,882	$20,746,968	$41,092,563	$1,753,914
2023	$20,397,461	$19,684,133	$39,373,074	$713,328
2022	$19,867,859	$20,542,517	$38,035,029	$-674,658
2021	$21,893,916	$19,141,714	$40,532,479	$2,752,202
2020	$19,432,409	$18,355,166	$37,078,746	$1,077,243
2019	$19,430,519	$16,754,723	$35,337,797	$2,675,796
2018	$18,935,367	$15,524,009	$31,997,622	$3,411,358

PLUMBERS LOCAL 24 WELFARE FUND