Plumbers and Steamfitters Local 521 Supplemental Health Fund (EIN 261357279) - 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

2006

Legal Domicile

Principal Officer

George A Kisor

Phone

3045250331

Tax Period

2023-10-01 to 2024-09-30

Plumbers and Steamfitters Local 521 Supplemental Health Fund, founded in 2006, is a small nonprofit in the Mutual Benefit sector that reported $265K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. The organization ran a surplus of $121K, a strong 46% operating margin.

Mission

Provide a subsidy for the cost of benefits for eligible participants of the H & W Fund.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $223,130

Investment Income $41,537

Other Revenue $0

TOTAL REVENUE $264,667

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $110,891

Other Expenses $36,396

TOTAL EXPENSES $144,148

Year-over-Year Comparison

	2023	2022	Change
Revenue	$264,667	$288,761	-0.1%
Expenses	$144,148	$137,837	+0.0%
Net Income	$120,519	$150,924	-0.2%

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

$179,402

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
George A Kisor	Trustee	1.00	Director	$0	$81,605	$174,311
Frank R Ferguson	Trustee	1.00	Director	$0	$0	$0
Jackie Wilson	Trustee	1.00	Director	$0	$0	$0
James L Johnson	Trustee	1.00	Director	$0	$0	$0
Phillip S Johnson	Trustee	1.00	Director	$0	$0	$0
Scott Knipp	Trustee	1.00	Director	$0	$1,565	$5,091

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	$264,667	$144,148	$1,657,614	$120,519
2024	$264,667	$144,148	$1,657,614	$120,519

Plumbers and Steamfitters Local 521 Supplemental Health Fund