PLUMBERS UNION 178 HEALTH & WELFARE & APPRENTICESHIP TRUST (EIN 237001199) - 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

1978

Legal Domicile

Principal Officer

MICHAEL GOTT

Phone

4178690633

Tax Period

2024-07-01 to 2025-06-30

PLUMBERS UNION 178 HEALTH & WELFARE & APPRENTICESHIP TRUST, founded in 1978, is a community nonprofit that reported $5.7M in total revenue in fiscal year 2024.

Mission

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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $5,616,645

Investment Income $132,312

Other Revenue $234

TOTAL REVENUE $5,749,191

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $101,490

TOTAL EXPENSES $6,218,335

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,749,191	$5,738,509	+0.0%
Expenses	$6,218,335	$5,595,958	+0.1%
Net Income	$-469,144	$142,551	-4.3%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSH MORRIS	DIRECTOR	0.00	Director	$0	$0	$0
KEVIN WHITEHEAD	VICE PRESIDENT	0.00	Director	$0	$0	$0
JUSTIN MCCARTY	PRESIDENT	0.00	Officer Director	$0	$0	$0
RICKY TATE	DIRECTOR	0.00	Officer Director	$0	$0	$0
CLIF CARNAHAN	DIRECTOR	0.00	Director	$0	$0	$0
MATT LOWRY	DIRECTOR	0.00	Director	$0	$0	$0
STEVEN GLENN CRAIG	SECRETARY	0.00	Officer Director	$0	$0	$0
MICHAEL GOTT	BUSINESS MANAGER	40.00	Officer	$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	$5,749,191	$6,218,335	$3,644,954	$-469,144
2024	No data	No data	No data	No data
2023	$5,696,863	$5,055,557	$3,971,547	$641,306
2022	$4,367,056	$4,393,194	$3,330,241	$-26,138
2021	$4,113,710	$4,142,102	$3,356,379	$-28,392
2020	$4,277,298	$3,947,462	$3,384,771	$329,836
2019	$4,066,014	$3,664,851	$3,054,935	$401,163
2018	$3,944,449	$3,169,464	$2,653,772	$774,985

PLUMBERS UNION 178 HEALTH & WELFARE & APPRENTICESHIP TRUST