PLUMBERS LOCAL 27 WELFARE FUND PLUMBERS WELFARE FUND

EIN: 256034931

HARMONY, PA

Total Revenue
$15,722,890
Total Expenses
$13,116,670
Total Assets
$32,267,488
Net Assets
$32,192,152
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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
PA
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.

Program Service Accomplishments

Program 1

THE PLUMBERS WELFARE FUND PROVIDES HEALTH AND WELFARE BENEFITS TO MEMBERS OF LOCAL UNION NO. 27

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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 $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

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Governance

Voting Members
10
Independent Members
6
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
10
$919,020
Key Employees
0
$0
Highest Compensated
0
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
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