PLUMBERS AND STEAMFITTERS LOCAL 166 HEALTH AND WELFARE BENEFIT PLAN (EIN 352030543) - 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

1998

Legal Domicile

Principal Officer

KENT PROSSER

Phone

2604979380

Tax Period

2023-01-01 to 2023-12-31

PLUMBERS AND STEAMFITTERS LOCAL 166 HEALTH AND WELFARE BENEFIT PLAN, founded in 1998, is a mid-sized nonprofit that reported $19.9M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $6.2M, a strong 31% operating margin.

Mission

HEALTH AND WELFARE FUND FOR LOCAL UNION 166

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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 $18,798,707

Investment Income $383,858

Other Revenue $686,113

TOTAL REVENUE $19,868,678

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,928,762

TOTAL EXPENSES $13,657,712

Year-over-Year Comparison

	2023	2022	Change
Revenue	$19,868,678	$17,132,072	+0.2%
Expenses	$13,657,712	$12,785,670	+0.1%
Net Income	$6,210,966	$4,346,402	+0.4%

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
KENT PROSSER	LABOR TRUSTEE	2.00	Director	$0	$0	$0
CHRIS BROWN	LABOR TRUSTEE	2.00	Director	$0	$0	$0
THOMAS MALOTT	LABOR TRUSTEE	2.00	Director	$0	$0	$0
KALEN CARTWRIGHT	MANAGEMENT TRUSTEE	2.00	Director	$0	$0	$0
BILL MEYER	MANAGEMENT TRUSTEE	2.00	Director	$0	$0	$0
DAN HUELSENBECK	MANAGEMENT TRUSTEE	2.00	Director	$0	$0	$0
CHRISTOPHER QUINN ALTERNATE	MANAGEMENT TRUSTEE	2.00	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	$19,868,678	$13,657,712	$23,425,078	$6,210,966
2022	$17,132,072	$12,785,670	$15,987,749	$4,346,402
2021	$14,865,426	$11,058,899	$12,229,148	$3,806,527
2020	$13,491,428	$11,063,736	$9,126,957	$2,427,692
2019	$12,954,044	$11,862,885	$6,593,528	$1,091,159
2018	$10,650,880	$11,541,921	$5,825,922	$-891,041

PLUMBERS AND STEAMFITTERS LOCAL 166 HEALTH AND WELFARE BENEFIT PLAN