LOCAL 354 PLUMBERS & PIPE FITTERS HEALTH & WELFARE FUND

EIN: 237335250

YOUNGWOOD, PA

Total Revenue
$10,213,171
Total Expenses
$11,058,254
Total Assets
$21,271,837
Net Assets
$20,691,598
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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
1972
Legal Domicile
PA
Principal Officer
SHAWN MCCARL
Phone
7249257238
Tax Period
2024-01-01 to 2024-12-31

LOCAL 354 PLUMBERS & PIPE FITTERS HEALTH & WELFARE FUND, founded in 1972, is a mid-sized nonprofit that reported $10.2M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Net assets of $20.7M represent 24 months of operating reserves.

Mission

TO PROVIDE HEALTH AND DEATH BENEFITS FOR ELIGIBLE RETIRED AND ACTIVE MEMBERS OF PLUMBERS & PIPE FITTERS LOCAL UNION NO. 354. THESE BENEFITS ARE FOR LIFE INSURANCE, ACCIDENTAL DEATH AND DISMEMBERMENT INSURANCE, ACCIDENT AND SICKNESS BENEFITS, HOSPITAL AND SURGICAL BENEFITS, MEDICAL CARE, DENTAL AND EYE CARE, AND SUCH OTHER 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $9,512,828
Investment Income $700,177
Other Revenue $166
TOTAL REVENUE $10,213,171

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $630,930
TOTAL EXPENSES $11,058,254

Year-over-Year Comparison

2024 2023 Change
Revenue $10,213,171 $8,936,377 +0.1%
Expenses $11,058,254 $12,042,528 -0.1%
Net Income $-845,083 $-3,106,151 -0.7%
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

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Governance

Voting Members
8
Independent Members
7
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
0
$0
Total Directors
8
$125,070
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHAWN MCCARL CHAIRMAN 2.00
Director
$0 $0 $0
TIMOTHY L CUSTER TRUSTEE 2.00
Director
$0 $0 $125,070
PAUL F BAER TRUSTEE 2.00
Director
$0 $0 $0
DARRYL M RAY TRUSTEE 2.00
Director
$0 $0 $0
RICHARD G HALL JR TRUSTEE 2.00
Director
$0 $0 $0
EDWARD ANDOLINA TRUSTEE 2.00
Director
$0 $0 $0
MELVIN DENEEN TRUSTEE 2.00
Director
$0 $0 $0
ELIZABETH BURKE 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
2024 $10,213,171 $11,058,254 $21,271,837 $-845,083
2023 $8,936,377 $12,042,528 $22,515,849 $-3,106,151
2022 $9,525,039 $10,306,285 $23,956,111 $-781,246
2021 $12,177,564 $11,325,073 $27,541,995 $852,491
2020 $10,456,339 $10,763,215 $27,824,595 $-306,876
2019 $13,724,933 $12,586,523 $27,913,883 $1,138,410
2018 $16,218,430 $12,753,463 $25,183,701 $3,464,967
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