PIPEFITTERS UNION HEALTH & WELFARE FUND LOCAL 392

EIN: 310561070 Mutual Benefit

CINCINNATI, OH

Total Revenue
$38,272,639
Total Expenses
$31,751,056
Total Assets
$39,750,150
Net Assets
$39,523,276
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1952
Legal Domicile
OH
Principal Officer
JAMES HARRIS
Phone
5132410444
Tax Period
2024-01-01 to 2024-12-31

PIPEFITTERS UNION HEALTH & WELFARE FUND LOCAL 392, founded in 1952, is a mid-sized nonprofit in the Mutual Benefit sector that reported $38.3M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $6.5M, a strong 17% operating margin.

Mission

TO PROVIDE HEALTH BENEFITS FOR PARTICIPANTS IN THE PLAN ESTABLISHED UNDER A COLLECTIVE BARGAINING AGREEMENT BETWEEN THE PLUMBERS, PIPE FITTERS AND MECHANICAL EQUIPMENT SERVICE LOCAL UNION NO. 392 AND THE MECHANICAL CONTRACTORS ASSOCIATION OF CINCINNATI.

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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 $35,527,372
Investment Income $852,803
Other Revenue $1,892,464
TOTAL REVENUE $38,272,639

Expense Breakdown

Grants Paid $0
Salaries & Benefits $858,731
Fundraising Expenses $0
Other Expenses $1,569,153
TOTAL EXPENSES $31,751,056

Year-over-Year Comparison

2024 2023 Change
Revenue $38,272,639 $33,894,710 +0.1%
Expenses $31,751,056 $31,550,864 +0.0%
Net Income $6,521,583 $2,343,846 +1.8%
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

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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
6
Independent Members
6
Employees
23
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
7
$201,275
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES HARRIS TRUSTEE 1.00
Director
$0 $91,994 $197,312
AL WILKERSON TRUSTEE 1.00
Director
$2,572 $0 $2,572
THOMAS CHEEK TRUSTEE 1.00
Director
$1,391 $0 $1,391
BILL FLAUGHER TRUSTEE 1.00
Director
$0 $0 $0
JASON KAHLIG TRUSTEE 1.00
Director
$0 $0 $0
CHAD RAMEY TRUSTEE 1.00
Director
$0 $0 $0
TOM WELLMAN TRUSTEE 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
2024 $38,272,639 $31,751,056 $39,750,150 $6,521,583
2023 $33,894,710 $31,550,864 $31,568,616 $2,343,846
2022 $32,205,259 $29,808,457 $27,110,412 $2,396,802
2021 $30,399,882 $34,563,181 $27,447,276 $-4,163,299
2020 $25,063,182 $27,861,275 $34,026,289 $-2,798,093
2019 $25,592,317 $27,443,980 $35,568,743 $-1,851,663
2018 $24,305,230 $28,760,928 $35,084,018 $-4,455,698
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