PLUMBERS AND STEAMFITTERS LOCAL 40… - Form 990 Financial Data

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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

1998

Legal Domicile

Principal Officer

DOUG DOKEY

Phone

9204620400

Tax Period

2023-01-01 to 2023-12-31

PLUMBERS AND STEAMFITTERS LOCAL 400 AND MCA N CENTRAL WI HEALTH & WELFARE TRUST, founded in 1998, is a mid-sized nonprofit in the Mutual Benefit sector that reported $37.3M in total revenue in fiscal year 2023. Expenses of $35.9M left a modest 4% surplus.

Mission

PROVIDE BENEFITS TO MEMBERS OF LOCAL 400

Program Service Accomplishments

Program 1

PLUMBERS AND STEAMFITTERS LOCAL 400 HEALTH AND WELFARE PLAN PROVIDES MEDICAL, DENTAL, PRESCRIPTION DRUG, VISION AND OTHER BENEFITS TO APPROXIMATELY 2,100 PLAN PARTICIPANTS, THEIR DEPENDENTS AND...

PLUMBERS AND STEAMFITTERS LOCAL 400 HEALTH AND WELFARE PLAN PROVIDES MEDICAL, DENTAL, PRESCRIPTION DRUG, VISION AND OTHER BENEFITS TO APPROXIMATELY 2,100 PLAN PARTICIPANTS, THEIR DEPENDENTS AND BENEFICIARIES.

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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 $34,239,494

Investment Income $2,975,343

Other Revenue $56,651

TOTAL REVENUE $37,271,488

Expense Breakdown

Grants Paid $0

Salaries & Benefits $118,127

Fundraising Expenses $0

Other Expenses $4,507,754

TOTAL EXPENSES $35,888,062

Year-over-Year Comparison

	2023	2022	Change
Revenue	$37,271,488	$35,808,927	+0.0%
Expenses	$35,888,062	$32,442,803	+0.1%
Net Income	$1,383,426	$3,366,124	-0.6%

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

125

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

$243,603

Total Directors

$711,429

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUG DOKEY	CHAIRMAN	1.00	Officer Director	$0	$85,323	$243,603
DUSTIN DELSMAN	LABOR TRUSTEE	1.00	Director	$0	$85,078	$231,408
MIKE AUGUSTIAN	LABOR TRUSTEE	1.00	Director	$0	$81,783	$229,568
JEFF GAECKE	SECRETARY-TREASURER	1.00	Officer Director	$0	$0	$0
KIM BASSETT	MANAGEMENT TRUSTEE	1.00	Director	$0	$0	$0
DAVID ALDAG	MANAGEMENT TRUSTEE	1.00	Officer Director	$0	$0	$0
JODI MILLER-LARSON	MANAGEMENT TRUSTEE	1.00	Director	$0	$0	$0
MARIA BLOCHOWIAK	ALTERNATE MANAGEMENT TRUST	1.00	Director	$0	$0	$0
JOHN KENNEDY	LABOR TRUSTEE	1.00	Director	$0	$0	$0
TERRY VAN EPERN	ALTERNATE LABOR TRUSTEE	1.00	Director	$0	$0	$0
DAVID KLUMPP	LABOR TRUSTEE	1.00	Director	$0	$0	$6,850
SCOTT WENGER	ALTERNATE LABOR 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	$37,271,488	$35,888,062	$72,717,295	$1,383,426
2022	$35,808,927	$32,442,803	$68,280,352	$3,366,124
2021	$31,415,726	$30,876,249	$75,931,064	$539,477
2020	$33,113,379	$27,074,824	$76,471,205	$6,038,555
2019	$31,442,057	$25,632,436	$67,739,707	$5,809,621
2018	$32,516,833	$25,925,673	$58,193,156	$6,591,160

PLUMBERS AND STEAMFITTERS LOCAL 400 AND MCA N CENTRAL WI HEALTH & WELFARE TRUST