PLUMBERS & PIPEFITTERS LOCAL 219 HEALTH & WELFARE FUND (EIN 341374275) - 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

1982

Legal Domicile

Principal Officer

TIM STEM

Phone

3302700543

Tax Period

2023-01-01 to 2023-12-31

PLUMBERS & PIPEFITTERS LOCAL 219 HEALTH & WELFARE FUND, founded in 1982, is a community nonprofit in the Mutual Benefit sector that reported $5.5M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $4.7M left a modest 14% surplus.

Mission

TO PROVIDE MEDICAL, DISABILITY, LIFE AND ACCIDENTAL DEATH AND (CONTINUED ON SCHEDULE O)DISMEMBERMENT BENEFITS TO ELIGIBLE MEMBERS AND RETIREES OF THE PLUMBERS AND PIPEFITTERS LOCAL 219 AND THEIR DEPENDENTS AND SPOUSES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $5,267,605

Investment Income $255,470

Other Revenue $0

TOTAL REVENUE $5,523,075

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,684

Fundraising Expenses $0

Program Expenses $3,970,532

Other Expenses $794,164

TOTAL EXPENSES $4,730,480

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,523,075	$4,965,094	+0.1%
Expenses	$4,730,480	$4,424,015	+0.1%
Net Income	$792,595	$541,079	+0.5%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRETT BOZAK	TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH CEFALO	TRUSTEE	1.00	Director	$0	$0	$0
TONY CLINE	TRUSTEE	1.00	Director	$0	$0	$0
JACOB GEOPFERT	TRUSTEE	1.00	Director	$0	$0	$0
AARON HALL	TRUSTEE	1.00	Director	$0	$0	$0
DANIEL J HATCHER	TRUSTEE	1.00	Director	$0	$0	$0
JOE STELLA	TRUSTEE	1.00	Director	$0	$0	$0
TIMOTHY R STEM	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	$5,523,075	$4,730,480	$11,079,378	$792,595
2022	$4,965,094	$4,424,015	$9,737,371	$541,079
2021	$4,628,166	$4,173,879	$9,728,171	$454,287
2020	$4,746,155	$4,726,943	$8,952,375	$19,212
2019	$5,202,909	$3,876,564	$8,426,935	$1,326,345
2018	$5,123,095	$4,671,044	$6,962,299	$452,051

PLUMBERS & PIPEFITTERS LOCAL 219 HEALTH & WELFARE FUND