PLUMBERS & PIPEFITTERS LOCAL 188 HEALTH & WELFARE FUND (EIN 237009355) - 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

1969

Legal Domicile

Principal Officer

BARRY R ZEIGLER

Phone

9049027174

Tax Period

2024-07-01 to 2025-06-30

PLUMBERS & PIPEFITTERS LOCAL 188 HEALTH & WELFARE FUND, founded in 1969, is a community nonprofit that reported $5.8M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE HEALTH INSURANCE 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 $5,734,268

Investment Income $105,788

Other Revenue $203

TOTAL REVENUE $5,840,259

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $317,359

TOTAL EXPENSES $5,928,453

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,840,259	$5,048,187	+0.2%
Expenses	$5,928,453	$3,609,839	+0.6%
Net Income	$-88,194	$1,438,348	-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

Total Directors

$317,200

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PERRY BANKS	TRUSTEE	2.00	Director	$0	$62,017	$162,548
BARRY R ZEIGLER	TRUSTEE	2.00	Director	$0	$59,895	$154,652
CHRISTOPHER T JOHNSON	TRUSTEE	2.00	Director	$0	$0	$0
DANNY MACMILLAN	TRUSTEE	2.00	Director	$0	$0	$0
STEPHEN R BAILEY	TRUSTEE	2.00	Director	$0	$0	$0
CHRIS ROWLAND	TRUSTEE	2.00	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	$5,840,259	$5,928,453	$5,175,609	$-88,194
2024	No data	No data	No data	No data
2023	$4,567,696	$4,075,732	$3,703,518	$491,964
2022	$4,618,230	$4,215,924	$3,225,307	$402,306
2021	$5,430,240	$4,564,786	$2,819,566	$865,454
2020	$5,330,141	$5,435,877	$1,930,990	$-105,736
2019	$4,855,700	$4,821,122	$2,057,085	$34,578
2018	$4,771,064	$4,560,320	$2,014,720	$210,744

PLUMBERS & PIPEFITTERS LOCAL 188 HEALTH & WELFARE FUND