PLUMBERS LOCAL 27 WELFARE FUND PLUMBERS WELFARE FUND (EIN 256034931) - 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

1953

Legal Domicile

Principal Officer

EDWARD BIGLEY

Phone

4128072921

Tax Period

2024-01-01 to 2024-12-31

PLUMBERS LOCAL 27 WELFARE FUND PLUMBERS WELFARE FUND, founded in 1953, is a mid-sized nonprofit that reported $15.7M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.6M, a strong 17% operating margin.

Mission

THE ORGANIZATION PROVIDES HEALTH AND WELFARE BENEFITS TO PARTICIPATING 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 $14,690,833

Investment Income $880,209

Other Revenue $151,848

TOTAL REVENUE $15,722,890

Expense Breakdown

Grants Paid $0

Salaries & Benefits $148,532

Fundraising Expenses $0

Other Expenses $369,306

TOTAL EXPENSES $13,116,670

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,722,890	$14,175,643	+0.1%
Expenses	$13,116,670	$13,065,752	+0.0%
Net Income	$2,606,220	$1,109,891	+1.3%

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

$919,020

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDWARD BIGLEY	CHAIRMAN	5.00	Director	$0	$89,773	$248,229
KEITH YEAGER	TRUSTEE	5.00	Director	$0	$84,998	$223,927
TJ SANDELL	TRUSTEE	5.00	Director	$0	$84,998	$223,597
JEFFREY DIGIACOMO	TRUSTEE	5.00	Director	$0	$84,998	$223,267
REGIS R CLAUS	SECRETARY	N/A	Director	$0	$0	$0
GEOFFREY COLE	TRUSTEE	N/A	Director	$0	$0	$0
CRAIG KING	TRUSTEE	N/A	Director	$0	$0	$0
STAN MARCINIAK	TRUSTEE	N/A	Director	$0	$0	$0
KEVIN SCHMITT	TRUSTEE	N/A	Director	$0	$0	$0
LEO WOLFE	TRUSTEE	N/A	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	$15,722,890	$13,116,670	$32,267,488	$2,606,220
2023	$14,175,643	$13,065,752	$29,086,487	$1,109,891
2022	$13,708,428	$10,723,153	$26,998,517	$2,985,275
2021	$14,301,317	$12,100,793	$25,848,009	$2,200,524
2020	$12,409,921	$10,042,140	$23,540,136	$2,367,781
2019	$13,378,818	$10,889,189	$20,430,894	$2,489,629
2018	$12,151,728	$9,087,810	$17,341,558	$3,063,918

PLUMBERS LOCAL 27 WELFARE FUND PLUMBERS WELFARE FUND