PLUMBERS & STEAMFITTERS LOCAL UNION NO33 HEALTH & WELFARE TRUST (EIN 420930021) - 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

1977

Legal Domicile

Principal Officer

ANDY ROBERTS

Phone

5152433246

Tax Period

2024-01-01 to 2024-12-31

PLUMBERS & STEAMFITTERS LOCAL UNION NO33 HEALTH & WELFARE TRUST, founded in 1977, is a mid-sized nonprofit that reported $32.5M in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $7.2M, a strong 22% operating margin.

Mission

THE PLAN AND TRUST WERE ESTABLISHED TO PROVIDE MEDICAL, DENTAL, SHORT-TERM DISABILITY BENEFITS, PRESCRIPTIONS, AND DEATH BENEFITS TO COLLECTIVELY BARGAINED UNION PLUMBERS & STEAMFITTERS IN CENTRAL & NORTHERN IOWA.

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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 $24,747,205

Investment Income $7,252,081

Other Revenue $488,978

TOTAL REVENUE $32,488,264

Expense Breakdown

Grants Paid $0

Salaries & Benefits $729,791

Fundraising Expenses $0

Other Expenses $704,930

TOTAL EXPENSES $25,252,612

Year-over-Year Comparison

	2024	2023	Change
Revenue	$32,488,264	$26,511,736	+0.2%
Expenses	$25,252,612	$21,402,210	+0.2%
Net Income	$7,235,652	$5,109,526	+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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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
JAMA BARBOUR	CHIEF OPER O	50.00	Highest	$165,000	$55,740	$220,740
CURT BAKER	TRUSTEE, SEC	1.00	Officer Director	$0	$0	$0
GRANT HJORTSHOJ	TRUSTEE	1.00	Director	$0	$0	$0
TOM KECK	TRUSTEE	1.00	Director	$0	$0	$0
DOUG KUMM	TRUSTEE	1.00	Director	$0	$0	$0
BRAD MEYER	TRUSTEE	1.00	Director	$0	$0	$0
ANDY ROBERTS	TRUSTEE, CHA	1.00	Officer Director	$0	$0	$0
SCOT STOLTENBERG	TRUSTEE	1.00	Director	$0	$0	$0
RYAN WIERSON	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	$32,488,264	$25,252,612	$97,950,742	$7,235,652
2023	$26,511,736	$21,402,210	$87,390,729	$5,109,526
2022	$23,289,561	$18,151,994	$73,779,183	$5,137,567
2021	$21,812,028	$18,544,642	$75,894,378	$3,267,386
2020	$20,687,361	$15,777,554	$68,054,516	$4,909,807
2019	$22,250,808	$16,729,676	$57,058,679	$5,521,132
2018	$20,230,892	$15,623,628	$44,856,306	$4,607,264

PLUMBERS & STEAMFITTERS LOCAL UNION NO33 HEALTH & WELFARE TRUST