PLUMBERS & PIPEFITTERS LOCAL 23 UA HEALTH & WELFARE FUND (EIN 366110305) - 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

1957

Legal Domicile

Principal Officer

RANDY ALLEN

Phone

8153978350

Tax Period

2024-01-01 to 2024-12-31

PLUMBERS & PIPEFITTERS LOCAL 23 UA HEALTH & WELFARE FUND, founded in 1957, is a mid-sized nonprofit that reported $16.6M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $14.1M left a modest 15% surplus.

Mission

PROVIDE HEALTH BENEFITS

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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 $14,674,724

Investment Income $1,924,914

Other Revenue $1,177

TOTAL REVENUE $16,600,815

Expense Breakdown

Grants Paid $0

Salaries & Benefits $66,514

Fundraising Expenses $0

Other Expenses $792,442

TOTAL EXPENSES $14,131,220

Year-over-Year Comparison

	2024	2023	Change
Revenue	$16,600,815	$13,967,148	+0.2%
Expenses	$14,131,220	$13,473,170	+0.0%
Net Income	$2,469,595	$493,978	+4.0%

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

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

$1,068,658

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RANDALL ALLEN	CHAIRMAN - NEW	1.00	Director	$0	$112,776	$288,141
RYAN MARSHALL	TRUSTEE	1.00	Director	$0	$102,119	$255,567
RYAN TRACEY	TRUSTEE	1.00	Director	$0	$102,119	$256,662
WILLIAM SPRAGUE	TRUSTEE	1.00	Director	$0	$0	$0
BRIAN HELM	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT WOODEN	TRUSTEE	1.00	Director	$0	$0	$0
GREGORY HILL	TRUSTEE	1.00	Director	$0	$0	$0
RICK LUNDVALL	ALTERNATE TRUSTEE	1.00	Director	$0	$0	$0
GREG HARLE	ALTERNATE TRUSTEE	1.00	Director	$0	$69,210	$234,527
JOSH CERONI	TRUSTEE	1.00	Director	$0	$0	$0
TIM HUFF	CHAIRMAN - PAST	1.00	Director	$0	$12,962	$33,761

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	$16,600,815	$14,131,220	$35,834,872	$2,469,595
2023	$13,967,148	$13,473,170	$32,453,221	$493,978
2022	$11,888,750	$13,021,401	$29,005,201	$-1,132,651
2021	$11,670,583	$12,024,789	$34,329,164	$-354,206
2020	$10,416,845	$11,265,503	$34,784,491	$-848,658
2019	$10,869,426	$11,060,603	$34,237,291	$-191,177
2018	$10,258,534	$12,119,290	$32,189,858	$-1,860,756

PLUMBERS & PIPEFITTERS LOCAL 23 UA HEALTH & WELFARE FUND