PLUMBERS LOCAL UNION NO 690 HEALTH PLAN (EIN 231512313) - 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

1954

Legal Domicile

Principal Officer

KEVIN F DEAN

Phone

2156776900

Tax Period

2023-01-01 to 2023-12-31

PLUMBERS LOCAL UNION NO 690 HEALTH PLAN, founded in 1954, is a mid-sized nonprofit that reported $31.6M in total revenue in fiscal year 2023. Expenses of $29.1M left a modest 8% surplus.

Mission

THE EXEMPT PURPOSE OF THE PLAN IS TO PROVIDE PLAN PARTICIPANTS AND THEIR DEPENDENTS WITH HEALTH AND WELFARE BENEFITS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $29,192,937

Investment Income $2,368,166

Other Revenue $0

TOTAL REVENUE $31,561,103

Expense Breakdown

Grants Paid $0

Salaries & Benefits $812,744

Fundraising Expenses $0

Other Expenses $1,501,040

TOTAL EXPENSES $29,126,710

Year-over-Year Comparison

	2023	2022	Change
Revenue	$31,561,103	$29,516,472	+0.1%
Expenses	$29,126,710	$24,376,212	+0.2%
Net Income	$2,434,393	$5,140,260	-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

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

$338,308

Total Directors

$1,313,501

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEORGE C PEGRAM	CO-CHAIRMAN	1.00	Director	$0	$151,390	$384,124
JAMES DOUGHERTY	CO-CHAIRMAN	1.00	Director	$0	$0	$0
JOSEPH F MIELE	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS P GOLDEN	TRUSTEE	1.00	Director	$0	$136,921	$333,511
JOSEPH P MULLHOLAND JR	TRUSTEE	1.00	Director	$0	$126,778	$298,011
JOSEPH P MCMONIGLE	TRUSTEE	1.00	Director	$0	$126,747	$297,855
RUDY BETZ	TRUSTEE	1.00	Director	$0	$0	$0
WALTER KRZYZANOWSKI	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS J MCNULTY	ADMINISTRATOR	16.00	Officer	$88,830	$140,469	$338,308
KEVIN DEAN	FIELD REPRESENTATIVE	16.00	Highest	$77,723	$130,072	$303,175

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	$31,561,103	$29,126,710	$63,953,254	$2,434,393
2022	$29,516,472	$24,376,212	$59,231,850	$5,140,260
2021	$27,287,403	$26,652,683	$58,683,195	$634,720
2020	$24,713,160	$22,281,911	$55,516,188	$2,431,249
2019	$29,478,435	$23,911,351	$51,093,819	$5,567,084
2018	$28,445,639	$24,125,619	$43,086,002	$4,320,020

PLUMBERS LOCAL UNION NO 690 HEALTH PLAN