KALAMAZOO PLUMBERS & PIPEFITTERS LOCAL NO 357 HEALTH AND WELFARE

EIN: 386156571

TROY, MI

Total Revenue
$15,087,417
Total Expenses
$13,552,316
Total Assets
$21,927,603
Net Assets
$14,361,303
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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
1966
Legal Domicile
MI
Principal Officer
KEVIN WATERSTRADT
Phone
2696792570
Tax Period
2023-07-01 to 2024-06-30

KALAMAZOO PLUMBERS & PIPEFITTERS LOCAL NO 357 HEALTH AND WELFARE, founded in 1966, is a mid-sized nonprofit that reported $15.1M in total revenue in fiscal year 2023. Expenses of $13.6M left a modest 10% surplus.

Mission

THE KALAMAZOO PLUMBERS AND PIPEFITTERS LOCAL NO. 357 HEALTH AND WELFARE FUND IS CRAFTED FOR THE PURPOSE OF PROVIDING HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS AND BENEFICIARIES UNDER A MULTIEMPLOYER COLLECTIVELY BARGAINED AGREEMENT, ON BEHALF OF THE KALAMAZOO PLUMBERS, STEAMFITTERS, AND PIPEFITTERS LOCAL UNION NO. 357, 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $14,554,566
Investment Income $529,954
Other Revenue $2,897
TOTAL REVENUE $15,087,417

Expense Breakdown

Grants Paid $0
Salaries & Benefits $20,338
Fundraising Expenses $0
Other Expenses $807,746
TOTAL EXPENSES $13,552,316

Year-over-Year Comparison

2023 2022 Change
Revenue $15,087,417 $14,550,896 +0.0%
Expenses $13,552,316 $14,994,406 -0.1%
Net Income $1,535,101 $-443,510 -4.5%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
8
Independent Members
5
Employees
34
Volunteers
5

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
2
$1,501
Total Directors
8
$188,087
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT V GULBRANSON JR TRUSTEE 1.00
Director
$0 $66,903 $180,780
BENJAMIN SNAPE TRUSTEE 1.00
Director
$2,915 $23 $2,938
RYAN FORD TRUSTEE 1.00
Director
$2,855 $13 $2,868
FRANK NYKAMP CHAIRMAN 1.00
Officer Director
$1,478 $23 $1,501
AMY JONES TRUSTEE 1.00
Director
$0 $0 $0
STEVE RINGER TRUSTEE 1.00
Director
$0 $0 $0
DEREK ROWE TRUSTEE 1.00
Director
$0 $0 $0
KEVIN WATERSTRADT 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 No data No data No data No data
2024 $15,087,417 $13,552,316 $21,927,603 $1,535,101
2023 $14,550,896 $14,994,406 $19,048,175 $-443,510
2022 $13,659,462 $13,200,918 $17,296,602 $458,544
2021 $14,246,042 $11,093,297 $19,682,824 $3,152,745
2020 $11,796,066 $9,382,254 $14,219,689 $2,413,812
2019 $11,566,239 $11,835,149 $12,546,303 $-268,910
2018 $9,683,550 $8,965,580 $12,795,540 $717,970
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