PLUMBERS LOCAL 98 INSURANCE FUND

EIN: 386447251

TROY, MI

Total Revenue
$17,036,087
Total Expenses
$15,822,403
Total Assets
$28,516,879
Net Assets
$20,973,368
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
MI
Principal Officer
GARY GLASER
Phone
2488139800
Tax Period
2024-09-01 to 2025-08-31

PLUMBERS LOCAL 98 INSURANCE FUND, founded in 1982, is a mid-sized nonprofit that reported $17.0M in total revenue in fiscal year 2024. Expenses of $15.8M left a modest 7% surplus.

Mission

THE PLUMBERS LOCAL NO. 98 INSURANCE FUND IS CRAFTED FOR THE PURPOSE OF PROVIDING HOSPITAL, MEDICAL, PRESCRIPTION, DENTAL, LIFE, VISION, HEARING, DISABILITY AND OTHER SUPPLEMENTAL BENEFITS UNDER A COLLECTIVELY BARGAINED AGREEMENT, ON BEHALF OF THE PLUMBERS LOCAL NO. 98, IN COMPLIANCE WITH THE TAFT-HARTLY ACT.

Program Service Accomplishments

Program 1

THE PLUMBERS LOCAL NO. 98 INSURANCE FUND IS CRAFTED FOR THE PURPOSE OF PROVIDING HOSPITAL, MEDICAL, PRESCRIPTION, DENTAL, LIFE, VISION, HEARING, DISABILITY AND OTHER SUPPLEMENTAL BENEFITS UNDER A...

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THE PLUMBERS LOCAL NO. 98 INSURANCE FUND IS CRAFTED FOR THE PURPOSE OF PROVIDING HOSPITAL, MEDICAL, PRESCRIPTION, DENTAL, LIFE, VISION, HEARING, DISABILITY AND OTHER SUPPLEMENTAL BENEFITS UNDER A COLLECTIVELY BARGAINED AGREEMENT, ON BEHALF OF THE PLUMBERS LOCAL NO. 98, IN COMPLIANCE WITH THE TAFT-HARTLY 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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $16,540,162
Investment Income $460,484
Other Revenue $35,441
TOTAL REVENUE $17,036,087

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $1,326,726
TOTAL EXPENSES $15,822,403

Year-over-Year Comparison

2024 2023 Change
Revenue $17,036,087 $17,059,470 0.0%
Expenses $15,822,403 $16,174,191 0.0%
Net Income $1,213,684 $885,279 +0.4%
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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Governance

Voting Members
6
Independent Members
3
Employees
43
Volunteers
3

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
1
$0
Total Directors
6
$342,014
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GARY GLASER SECRETARY 1.00
Director
$0 $0 $114,238
DAN NIXON TRUSTEE 1.00
Director
$0 $0 $113,138
RUFUS HAMILTON TRUSTEE 1.00
Director
$0 $0 $114,638
CARL EVANS TRUSTEE 1.00
Director
$0 $0 $0
JOHN R GREEN CHAIRMAN 1.00
Officer Director
$0 $0 $0
CHRISTOPHER FREEMAN 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 $17,036,087 $15,822,403 $28,516,879 $1,213,684
2024 $17,059,470 $16,174,191 $25,974,468 $885,279
2023 $16,261,019 $14,622,655 $21,963,610 $1,638,364
2022 $14,696,130 $15,049,775 $21,054,368 $-353,645
2021 $17,830,700 $16,473,853 $23,353,131 $1,356,847
2020 $16,423,063 $14,108,770 $20,825,151 $2,314,293
2019 $14,682,274 $16,978,789 $18,614,246 $-2,296,515
2018 $15,728,348 $17,654,787 $19,982,109 $-1,926,439
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