PLUMBERS & STEAMFITTERS #189 WELFARE FUND (EIN 316035546) - 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

1959

Legal Domicile

Principal Officer

LISA KAISER

Phone

6144865203

Tax Period

2024-04-01 to 2025-03-31

PLUMBERS & STEAMFITTERS #189 WELFARE FUND, founded in 1959, is a mid-sized nonprofit that reported $28.6M in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $6.8M, a strong 24% operating margin.

Mission

TO PROVIDE HEALTH, DISABILITY, AND LIFE/ADD BENEFITS TO PARTICIPANTS, DEPENDENTS, & RETIREES.

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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 $26,527,627

Investment Income $2,027,419

Other Revenue $311

TOTAL REVENUE $28,555,357

Expense Breakdown

Grants Paid $0

Salaries & Benefits $643,669

Fundraising Expenses $0

Other Expenses $773,773

TOTAL EXPENSES $21,737,810

Year-over-Year Comparison

	2024	2023	Change
Revenue	$28,555,357	$22,743,245	+0.3%
Expenses	$21,737,810	$18,836,093	+0.2%
Net Income	$6,817,547	$3,907,152	+0.7%

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

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

$197,059

Total Directors

$4,448

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LISA KAISER	PLAN ADMINISTRATOR	40.00	Officer	$158,376	$38,683	$197,059
STEVEN GIEHL	TRUSTEE (TERM END 12/31/24)	4.00	Director	$1,889	$0	$1,889
SUSAN RUZICKA	TRUSTEE	4.00	Director	$2,559	$0	$2,559
JOHN HARPER	TRUSTEE	4.00	Director	$0	$0	$0
JOHNATHAN RICHARDS	TRUSTEE	4.00	Director	$0	$0	$0
TERRI KEUCHLER	TRUSTEE	4.00	Director	$0	$0	$0
TIM ELY	TRUSTEE	4.00	Director	$0	$0	$0
TIM FARBER	TRUSTEE	4.00	Director	$0	$0	$0
VALERIE POPE	TRUSTEE	4.00	Director	$0	$0	$0
WILLIAM GILBERT	TRUSTEE (TERM BEGIN 1/1/25)	4.00	Director	$0	$0	$0
CHARLES STEITZ	TRUSTEE, CHAIRMAN	4.00	Officer Director	$0	$0	$0
MARK HEINMILLER	TRUSTEE, SECRETARY	4.00	Officer 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	$28,555,357	$21,737,810	$63,283,146	$6,817,547
2024	$22,743,245	$18,836,093	$51,837,531	$3,907,152
2023	$19,852,917	$18,610,620	$44,638,518	$1,242,297
2022	$19,502,953	$16,211,819	$41,453,861	$3,291,134
2021	$16,666,254	$13,918,362	$38,589,302	$2,747,892
2020	$16,774,617	$16,926,459	$33,583,015	$-151,842
2019	$16,604,349	$14,106,772	$34,182,784	$2,497,577
2018	$15,269,437	$15,946,024	$31,766,886	$-676,587

PLUMBERS & STEAMFITTERS #189 WELFARE FUND