Flint Plumbing & Pipefitting Industry Health Care Fund (EIN 386208007) - 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

1954

Legal Domicile

Principal Officer

Daniel Gaudet

Phone

5173217502

Tax Period

2023-08-01 to 2024-07-31

Flint Plumbing & Pipefitting Industry Health Care Fund, founded in 1954, is a mid-sized nonprofit that reported $11.2M in total revenue in fiscal year 2023. Revenue surged 61% from the prior year, signaling strong growth momentum. Expenses of $9.6M left a modest 15% surplus.

Mission

Multiemployer Health and Welfare Fund

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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 $10,429,804

Investment Income $263,226

Other Revenue $535,783

TOTAL REVENUE $11,228,813

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $9,594,699

Other Expenses $223,118

TOTAL EXPENSES $9,594,699

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,228,813	$6,995,695	+0.6%
Expenses	$9,594,699	$7,578,609	+0.3%
Net Income	$1,634,114	$-582,914	-3.8%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dan Gaudet	Trustee	1.00	Director	$0	$0	$0
Zach Desrochers	Trustee	1.00	Director	$0	$0	$0
Paul Gonzales	Trustee	1.00	Director	$0	$0	$0
Emily Hendershot	Trustee	1.00	Director	$0	$0	$0
Kristine Menzing	Trustee	1.00	Director	$0	$0	$0
Bruce Wenzlick	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	No data	No data	No data	No data
2024	$11,228,813	$9,594,699	$11,097,631	$1,634,114
2023	$8,402,029	$7,933,565	$9,302,744	$468,464
2022	$6,995,695	$7,578,609	$8,964,706	$-582,914
2021	$8,349,089	$7,279,145	$9,765,208	$1,069,944
2020	$7,587,188	$7,627,542	$8,692,798	$-40,354
2019	$7,629,986	$6,605,257	$8,466,666	$1,024,729

Flint Plumbing & Pipefitting Industry Health Care Fund