PLUMBERS LOCAL NO 98 SUPPLEMENTAL UNEMPLOYMENT BENEFIT TRUST FUND (EIN 386105923) - 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

1963

Legal Domicile

Principal Officer

CHRISTOPHER FREEMAN

Phone

2488139800

Tax Period

2024-07-01 to 2025-06-30

PLUMBERS LOCAL NO 98 SUPPLEMENTAL UNEMPLOYMENT BENEFIT TRUST FUND, founded in 1963, is a community nonprofit in the Mutual Benefit sector that reported $1.2M in total revenue in fiscal year 2024. The organization ran a surplus of $468K, a strong 39% operating margin.

Mission

THE PLUMBERS LOCAL NO.98 SUPPLEMENTAL UNEMPLOYMENT BENEFIT TRUST FUND IS CRAFTED FOR THE PURPOSE OF PROVIDING SUPPLEMENTAL UNEMPLOYMENT BENEFITS TO ELIGIBLE INDIVIDUALS UNDER A COLLECTIVELY BARGAINED AGREEMENT, ON BEHALF OF THE PLUMBERS LOCAL NO. 98, IN COMPLIANCE WITH THE TAFT-HARTLEY ACT.

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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 $827,841

Investment Income $364,577

Other Revenue $0

TOTAL REVENUE $1,192,418

Expense Breakdown

Grants Paid $0

Salaries & Benefits $40,000

Fundraising Expenses $0

Other Expenses $129,140

TOTAL EXPENSES $724,754

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,192,418	$1,226,604	0.0%
Expenses	$724,754	$593,211	+0.2%
Net Income	$467,664	$633,393	-0.3%

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

Employees

188

Volunteers

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

$113,138

Total Directors

$342,014

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RUFUS HAMILTON	TRUSTEE	1.00	Director	$0	$0	$114,638
GARY GLASER	TRUSTEE	1.00	Director	$0	$0	$114,238
DAN NIXON	CHAIRMAN	1.00	Officer Director	$0	$0	$113,138
CARL EVANS	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTOPHER FREEMAN	SECRETARY	1.00	Officer 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	$1,192,418	$724,754	$8,539,501	$467,664
2024	No data	No data	No data	No data
2023	$997,898	$642,293	$6,848,374	$355,605
2022	$953,413	$918,040	$6,404,112	$35,373
2021	$1,140,469	$734,304	$7,119,842	$406,165
2020	$1,082,081	$1,441,284	$6,427,909	$-359,203
2019	$1,136,446	$1,034,542	$6,695,632	$101,904
2018	$1,155,025	$530,936	$6,253,413	$624,089

PLUMBERS LOCAL NO 98 SUPPLEMENTAL UNEMPLOYMENT BENEFIT TRUST FUND