PLUMBERS LOCAL UNION #55 SUPPLEMENTAL UNEMPLOYMENT BENEFIT FUND

EIN: 341269418

BROOKLYN HEIGHTS, OH

Total Revenue
$68,244
Total Expenses
$168,327
Total Assets
$1,346,684
Net Assets
$1,344,606
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1929
Legal Domicile
OH
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 SUPPLEMENTAL UNEMPLOYMENT BENEFITS TO UNION EMPLOYEES.

Program Service Accomplishments

Program 1
Expenses: $168,327

PROVISION OF SUPPLEMENTAL UNEMPLOYMENT BENEFITS AND SEPARATION BENEFITS TO MEMBERS OF PLUMBERS UNION LOCAL NO. 55.

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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 (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
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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

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Governance

Voting Members
6
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
2
$243,660
Total Directors
9
$243,660
Key Employees
0
$0
Highest Compensated
0
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
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