PLUMBERS & STEAMFITTERS LOCAL 42 HEALTH & WELFARE PLAN (EIN 237404076) - 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

1976

Legal Domicile

Principal Officer

BRIAN VANDERPOOL

Phone

4194923030

Tax Period

2024-08-01 to 2025-07-31

PLUMBERS & STEAMFITTERS LOCAL 42 HEALTH & WELFARE PLAN, founded in 1976, is a community nonprofit that reported $6.9M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $6.2M left a modest 11% surplus.

Mission

TO PROVIDE HEALTH & WELFARE BENEFITS TO MEMBERS.

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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 $6,445,598

Investment Income $474,825

Other Revenue $0

TOTAL REVENUE $6,920,423

Expense Breakdown

Grants Paid $0

Salaries & Benefits $68,870

Fundraising Expenses $0

Other Expenses $1,206,683

TOTAL EXPENSES $6,162,433

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,920,423	$6,070,642	+0.1%
Expenses	$6,162,433	$4,548,210	+0.4%
Net Income	$757,990	$1,522,432	-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

Volunteers

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

$165,660

Total Directors

$352,294

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN YOUNGBERG	TRUSTEE	1.00	Director	$0	$79,531	$186,634
BRIAN VANDERPOOL	CHAIRMAN	1.00	Officer Director	$0	$74,867	$165,660
WILLIAM BUCKHOLZ	TRUSTEE	1.00	Director	$0	$0	$0
DINO CAMERA	TRUSTEE	1.00	Director	$0	$0	$0
SARAH DRAKE	ALTERNATE TR	1.00	Director	$0	$0	$0
KEN EARHART - FORMER	ALTERNATE TR	1.00	Director	$0	$0	$0
TODD MCKEEVER - FORMER	ALTERNATE TR	1.00	Director	$0	$0	$0
GLEN GINESI	SECRETARY	1.00	Officer Director	$0	$0	$0
SAMUEL JEREMAY JR	TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH LUCAS	TRUSTEE	1.00	Director	$0	$0	$0
CURTIS MACKIEWICZ	TRUSTEE	1.00	Director	$0	$0	$0
MITCHELL WHITE	ALTERNATE TR	1.00	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	$6,920,423	$6,162,433	$13,312,578	$757,990
2024	$6,070,642	$4,548,210	$10,678,603	$1,522,432
2023	$5,206,559	$3,494,172	$8,078,341	$1,712,387
2022	$5,632,199	$3,164,399	$6,208,167	$2,467,800
2021	$4,929,608	$2,080,599	$4,419,905	$2,849,009
2020	$5,220,291	$3,429,893	$3,563,007	$1,790,398
2019	$5,062,228	$721,398	$2,319,146	$4,340,830
2018	$4,287,137	$2,874,145	$1,702,324	$1,412,992

PLUMBERS & STEAMFITTERS LOCAL 42 HEALTH & WELFARE PLAN