PLASTERERS AND CABINET MAKERS HEALTH FUND (EIN 416039051) - 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

1955

Legal Domicile

Principal Officer

SETH SCHROEDER

Phone

9528540795

Tax Period

2024-04-01 to 2025-03-31

PLASTERERS AND CABINET MAKERS HEALTH FUND, founded in 1955, is a community nonprofit that reported $5.6M in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. Expenses of $7.5M exceeded revenue, resulting in a 35% operating deficit.

Mission

PROVIDE HEALTH AND WELFARE BENEFITS

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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 $5,388,735

Investment Income $185,765

Other Revenue $0

TOTAL REVENUE $5,574,500

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $534,752

TOTAL EXPENSES $7,514,944

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,574,500	$6,621,019	-0.2%
Expenses	$7,514,944	$7,183,054	+0.0%
Net Income	$-1,940,444	$-562,035	+2.5%

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

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

$173,411

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIM HOUSE	TRUSTEE	1.00	Director	$0	$0	$0
SETH SCHROEDER	TRUSTEE	1.00	Director	$0	$69,713	$173,411
DARRELL ROBERTSON	TRUSTEE	1.00	Director	$0	$0	$0
MARTHA HENRICKSON	TRUSTEE	1.00	Director	$0	$0	$0
SEAN CONRAD	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	$5,574,500	$7,514,944	$3,343,353	$-1,940,444
2024	$6,621,019	$7,183,054	$5,320,844	$-562,035
2023	$6,745,151	$8,851,750	$5,688,737	$-2,106,599
2022	$6,307,266	$6,376,582	$8,022,574	$-69,316
2021	$5,731,762	$5,977,372	$7,788,753	$-245,610
2020	$7,213,352	$8,158,257	$7,394,723	$-944,905
2019	$6,910,919	$7,918,633	$8,249,285	$-1,007,714
2018	$7,073,263	$7,013,888	$9,056,840	$59,375

PLASTERERS AND CABINET MAKERS HEALTH FUND