PLUMBERS LOCAL 360 HEALTH & WELFARE FUND (EIN 371194764) - 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

1986

Legal Domicile

Principal Officer

DONALD DEGONIA

Phone

6183462560

Tax Period

2023-01-01 to 2023-12-31

PLUMBERS LOCAL 360 HEALTH & WELFARE FUND, founded in 1986, is a community nonprofit that reported $2.9M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $613K, a strong 21% operating margin.

Mission

PROVIDE HEALTH BENEFITS TO MEMBERS PER COLLECTIVE BARGAINING AGREEMENT.

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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 $2,765,456

Investment Income $40,091

Other Revenue $65,314

TOTAL REVENUE $2,870,861

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,349

Fundraising Expenses $0

Other Expenses $227,141

TOTAL EXPENSES $2,257,595

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,870,861	$2,487,103	+0.2%
Expenses	$2,257,595	$2,629,676	-0.1%
Net Income	$613,266	$-142,573	-5.3%

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

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
DONALD DEGONIA	TRUSTEE	1.00	Director	$0	$0	$0
BRIAN RUFFINI	TRUSTEE	1.00	Director	$0	$0	$0
MARK EHRET	TRUSTEE	1.00	Director	$0	$0	$0
KYLE DOWNEY	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	$2,870,861	$2,257,595	$2,117,654	$613,266
2022	$2,487,103	$2,629,676	$1,456,294	$-142,573
2021	$2,150,107	$2,395,265	$1,725,538	$-245,158
2020	$1,821,546	$2,190,930	$2,038,638	$-369,384
2019	$1,614,640	$2,346,590	$2,400,585	$-731,950
2018	$1,698,349	$1,755,288	$2,923,094	$-56,939

PLUMBERS LOCAL 360 HEALTH & WELFARE FUND