PLUMBERS UNION-55 HEALTH & WELFARE FUND

EIN: 340754952

BROOKLYN HTS, OH

Total Revenue
$10,967,034
Total Expenses
$7,811,009
Total Assets
$17,988,291
Net Assets
$11,313,397
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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
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.

Program Service Accomplishments

Program 1
Expenses: $7,811,009 Revenue: $10,523,125

PROVISION OF HEALTH AND WELFARE BENEFITS TO PLUMBERS UNION LOCAL NO. 55 MEMBERS, DEPENDENTS AND 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%)

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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

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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
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
3
$228,652
Total Directors
6
$1,160
Key Employees
0
$0
Highest Compensated
0
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
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