STEAMFITTERS LU NO 420 WELFARE PLAN (EIN 232715440) - 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

1950

Legal Domicile

Principal Officer

ROBERT WINTHER

Phone

2673502600

Tax Period

2023-01-01 to 2023-12-31

STEAMFITTERS LU NO 420 WELFARE PLAN, founded in 1950, is a major nonprofit that reported $100.7M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $17.4M, a strong 17% operating margin.

Mission

THIS PLAN PROVIDES SICK, ACCIDENT, HEALTH, VISION, DENTAL, DEATH AND VACATION BENEFITS TO ITS ELIGIBLE PARTICIPANTS AND THEIR 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $94,285,246

Investment Income $6,416,456

Other Revenue $0

TOTAL REVENUE $100,701,702

Expense Breakdown

Grants Paid $0

Salaries & Benefits $452,551

Fundraising Expenses $0

Other Expenses $3,909,275

TOTAL EXPENSES $83,294,527

Year-over-Year Comparison

	2023	2022	Change
Revenue	$100,701,702	$90,200,112	+0.1%
Expenses	$83,294,527	$81,910,568	+0.0%
Net Income	$17,407,175	$8,289,544	+1.1%

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

$320,259

Total Directors

$773,353

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES SNELL	CO-CHAIRMAN	1.00	Director	$0	$165,962	$401,519
JIM DOUGHERTY	CO-CHAIRMAN	1.00	Director	$0	$0	$0
THOMAS REDDEN	TRUSTEE	1.00	Director	$0	$145,953	$346,075
JAMES GAFFNEY	TRUSTEE	1.00	Director	$0	$0	$0
ORVILLE ROBINSON	TRUSTEE	1.00	Director	$0	$12,629	$25,759
LEONARD DITUILLIO	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT WINTHER	ADMINISTRATOR	9.00	Officer	$77,998	$125,266	$320,259
JAMES ROCKS	ASSISTANT ADMINISTRATOR	9.00	Highest	$63,628	$85,707	$244,776

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	$100,701,702	$83,294,527	$224,174,085	$17,407,175
2022	$90,200,112	$81,910,568	$204,813,509	$8,289,544
2021	$89,408,950	$77,717,714	$202,736,233	$11,691,236
2020	$84,754,204	$72,249,017	$192,620,972	$12,505,187
2019	$94,698,340	$78,879,374	$180,627,324	$15,818,966
2018	$89,754,891	$70,116,800	$161,442,964	$19,638,091

STEAMFITTERS LU NO 420 WELFARE PLAN