PLUMBERS LOCAL UNION #55 SUPPLEMENTAL UNEMPLOYMENT BENEFIT FUND (EIN 341269418) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1929

Legal Domicile

Principal Officer

SHAWN GRAY

Phone

2164590099

Tax Period

2023-01-01 to 2023-12-31

PLUMBERS LOCAL UNION #55 SUPPLEMENTAL UNEMPLOYMENT BENEFIT FUND, founded in 1929, is a micro nonprofit that reported $68K in total revenue in fiscal year 2023. Revenue surged 62% from the prior year, signaling strong growth momentum. Expenses of $168K exceeded revenue, resulting in a 147% operating deficit.

Mission

VOLUNTARY EMPLOYEES BENEFICIARY ASSOCIATION WHICH PROVIDES (CONTINUED ON SCHEDULE O)SUPPLEMENTAL UNEMPLOYMENT BENEFITS TO UNION EMPLOYEES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $25,155

Investment Income $43,089

Other Revenue $0

TOTAL REVENUE $68,244

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,651

Fundraising Expenses $0

Program Expenses $168,327

Other Expenses $78,173

TOTAL EXPENSES $168,327

Year-over-Year Comparison

	2023	2022	Change
Revenue	$68,244	$42,065	+0.6%
Expenses	$168,327	$187,821	-0.1%
Net Income	$-100,083	$-145,756	-0.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

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

$243,660

Total Directors

$243,660

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHAWN GRAY	ADMINISTRATOR	5.50	Officer Director	$0	$95,471	$243,660
JEFF EPSTEIN	CHAIRMAN	1.00	Officer Director	$0	$0	$0
MICHAEL T GALLAGHER	TRUSTEE	1.00	Director	$0	$0	$0
ROGER JOZIUK	TRUSTEE	1.00	Director	$0	$0	$0
DAN KRONENFELD	TRUSTEE	1.00	Director	$0	$0	$0
RICO LOPEZ	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD RUSSELL	TRUSTEE	1.00	Director	$0	$0	$0
BURT SKEEL	TRUSTEE	1.00	Director	$0	$0	$0
TIMOTHY WHEELER	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	No data	No data	No data	No data
2023	$68,244	$168,327	$1,346,684	$-100,083
2022	$42,065	$187,821	$1,381,782	$-145,756
2021	$32,378	$269,361	$1,719,239	$-236,983
2020	$53,071	$239,569	$1,880,404	$-186,498
2019	$144,956	$168,794	$1,969,365	$-23,838
2018	$342,093	$140,730	$1,941,789	$201,363

PLUMBERS LOCAL UNION #55 SUPPLEMENTAL UNEMPLOYMENT BENEFIT FUND