PLUMBERS UNION-55 HEALTH & WELFARE FUND (EIN 340754952) - 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

1952

Legal Domicile

Principal Officer

SHAWN GRAY

Phone

2164599110

Tax Period

2024-05-01 to 2025-04-30

PLUMBERS UNION-55 HEALTH & WELFARE FUND, founded in 1952, is a mid-sized nonprofit that reported $11.0M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $3.2M, a strong 29% operating margin.

Mission

PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR BENEFICIARIES.

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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 $10,523,125

Investment Income $443,909

Other Revenue $0

TOTAL REVENUE $10,967,034

Expense Breakdown

Grants Paid $0

Salaries & Benefits $756

Fundraising Expenses $0

Program Expenses $7,811,009

Other Expenses $696,414

TOTAL EXPENSES $7,811,009

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,967,034	$9,284,354	+0.2%
Expenses	$7,811,009	$8,071,392	0.0%
Net Income	$3,156,025	$1,212,962	+1.6%

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

$228,652

Total Directors

$1,160

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BURT SKEEL	TRUSTEE	0.50	Director	$1,026	$0	$1,026
JAMES GRAY	TRUSTEE, SECRETARY	0.50	Officer Director	$134	$0	$134
JOHN SUCHY	TRUSTEE	0.50	Director	$0	$0	$0
MICHAEL T GALLAGHER	TRUSTEE	0.50	Director	$0	$0	$0
ANNIE STERLE	TRUSTEE	0.50	Director	$0	$0	$0
ROB WILLKOMM	TRUSTEE, CHAIRMAN	0.50	Officer Director	$0	$0	$0
SHAWN GRAY	ADMINISTRATIVE MANAGER	0.50	Officer	$0	$95,610	$228,518

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	$10,967,034	$7,811,009	$17,988,291	$3,156,025
2024	$9,284,354	$8,071,392	$14,909,110	$1,212,962
2023	$8,177,372	$7,378,947	$12,891,218	$798,425
2022	$6,956,726	$7,932,919	$11,882,405	$-976,193
2021	$6,765,314	$6,988,906	$12,445,403	$-223,592
2020	$7,341,802	$8,477,993	$11,452,270	$-1,136,191
2019	$7,257,569	$7,568,357	$11,787,205	$-310,788
2018	$6,890,873	$7,049,672	$11,349,791	$-158,799

PLUMBERS UNION-55 HEALTH & WELFARE FUND