UA LOCAL 551 HEALTH AND WELFARE FUND (EIN 371085225) - 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

1984

Legal Domicile

Principal Officer

CLINT WALKER

Phone

6189371363

Tax Period

2024-07-01 to 2025-06-30

UA LOCAL 551 HEALTH AND WELFARE FUND, founded in 1984, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $788K, a strong 29% operating margin.

Mission

THE PURPOSE OF THE ORGANIZATION IS TO PROVIDE HEALTH AND WELFARE BENEFITS TO ACTIVE AND RETIRED MEMBERS OF UA LOCAL 551 PLUMBERS AND PIPEFITTERS.

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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 $2,623,617

Investment Income $111,759

Other Revenue $819

TOTAL REVENUE $2,736,195

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,948,689

Other Expenses $354,627

TOTAL EXPENSES $1,948,689

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,736,195	$2,463,685	+0.1%
Expenses	$1,948,689	$1,587,432	+0.2%
Net Income	$787,506	$876,253	-0.1%

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

$111,696

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONALD SMITH	TRUSTEE	1.00	Director	$0	$0	$0
CLINT WALKER	TRUSTEE	1.00	Director	$0	$0	$111,696
ROY ROSS	TRUSTEE	1.00	Director	$0	$0	$0
STEVE SHORT	TRUSTEE	1.00	Director	$0	$0	$0
RODNEY MARTIN	TRUSTEE	1.00	Director	$0	$0	$0
JERALD PARTON	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
2025	$2,736,195	$1,948,689	$3,540,633	$787,506
2024	$2,463,685	$1,587,432	$2,630,847	$876,253
2023	$2,453,753	$1,626,674	$1,754,594	$827,079
2022	$2,406,347	$2,049,508	$927,515	$356,839
2021	$1,935,915	$1,651,799	$570,676	$284,116
2020	$1,815,545	$2,024,403	$286,559	$-208,858
2019	$1,975,660	$1,734,587	$495,417	$241,073
2018	$1,916,016	$2,055,405	$254,344	$-139,389

UA LOCAL 551 HEALTH AND WELFARE FUND