PLUMBERS WELFARE FUND LOCAL 130 UA

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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

1950

Legal Domicile

Principal Officer

JAMES F COYNE

Phone

3122265000

Tax Period

2024-06-01 to 2025-05-31

PLUMBERS WELFARE FUND LOCAL 130 UA, founded in 1950, is a mid-sized nonprofit that reported $92.6M in total revenue in fiscal year 2024.

Mission

TO PROVIDE HEALTH BENEFITS TO PLAN PARTICIPANTS.

Program Service Accomplishments

Program 1

TO PROVIDE MEDICAL, DENTAL, PRESCRIPTION DRUGS, LIFE, AND DISABILITY BENEFITS TO ELIGIBLE PLAN PARTICIPANTS AND THEIR DEPENDENTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $85,079,768

Investment Income $7,190,169

Other Revenue $280,914

TOTAL REVENUE $92,550,851

Expense Breakdown

Grants Paid $0

Salaries & Benefits $528,858

Fundraising Expenses $0

Other Expenses $1,763,599

TOTAL EXPENSES $97,293,205

Year-over-Year Comparison

	2024	2023	Change
Revenue	$92,550,851	$89,120,236	+0.0%
Expenses	$97,293,205	$92,521,847	+0.1%
Net Income	$-4,742,354	$-3,401,611	+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

N/A

Employees

122

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

$388,831

Total Directors

$2,879,482

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES COYNE	LABOR CO-CHAIRMAN	0.47	Director	$0	$55,322	$419,372
JOHN HOSTY	LABOR TRUSTEE	0.47	Director	$0	$109,971	$303,198
JIM MANSFIELD	LABOR TRUSTEE	0.47	Director	$0	$279,971	$462,248
MICHAEL SHEA	LABOR TRUSTEE	0.47	Director	$0	$198,535	$384,041
JAMES O'SULLIVAN	MGMT CO-CHAIRMAN	0.47	Director	$0	$0	$0
CLIFF BRUCKNER	MANAGEMENT TRUSTEE	0.47	Director	$0	$0	$0
PAUL ALECK	MANAGEMENT TRUSTEE	0.47	Director	$0	$0	$0
SJ PETERS	MANAGEMENT TRUSTEE - ALTER	0.47	Director	$0	$0	$0
BART HOLZHAUSER	LABOR TRUSTEE	0.47	Director	$0	$133,719	$317,433
JOSEPH MONDIA	LABOR TRUSTEE	0.47	Director	$0	$156,964	$340,251
KELLY CASTROGIOVANNI	MANAGEMENT TRUSTEE	0.47	Director	$0	$0	$0
RICK KUHN	MANAGEMENT TRUSTEE	0.47	Director	$0	$0	$0
SARA FLETCHER	MANAGEMENT TRUSTEE	0.47	Director	$0	$0	$0
JENNIFER MACDONALD	LABOR TRUSTEE - PAST	0.47	Director	$0	$101,984	$277,298
PATRICK MCCARTHY	LABOR TRUSTEE - NEW	0.47	Director	$0	$170,085	$375,641
JOSEPH OHM	FUND ADMINISTRATOR	55.00	Officer	$311,472	$77,359	$388,831
CHRIS ANISH	FIELD REPRESENTATIVE	55.00	Highest	$139,851	$77,454	$227,765

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	$92,550,851	$97,293,205	$176,043,040	$-4,742,354
2024	$89,120,236	$92,521,847	$174,128,686	$-3,401,611
2023	$83,129,901	$84,549,391	$166,049,818	$-1,419,490
2022	$79,585,968	$83,670,056	$169,410,455	$-4,084,088
2021	$79,806,409	$83,615,347	$188,760,181	$-3,808,938
2020	$73,183,740	$71,874,630	$175,855,040	$1,309,110
2019	$72,923,845	$76,172,034	$166,388,473	$-3,248,189
2018	$69,844,158	$68,728,956	$164,870,507	$1,115,202