UNITED ASSOCIATION OF PLUMBERS LOCAL 8 HEALTH & WELFARE FUND (EIN 440582944) - 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

DANIELLE WILEY

Phone

8163610666

Tax Period

2024-06-01 to 2025-05-31

UNITED ASSOCIATION OF PLUMBERS LOCAL 8 HEALTH & WELFARE FUND, founded in 1954, is a mid-sized nonprofit that reported $14.9M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $13.0M left a modest 13% surplus.

Mission

TO PROVIDE HEALTH AND WELFARE AND DEATH BENEFITS TO MEMBERS UNDER COLLECTIVE BARGAINING AGREEMENTS.

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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 $14,302,553

Investment Income $553,295

Other Revenue $0

TOTAL REVENUE $14,855,848

Expense Breakdown

Grants Paid $0

Salaries & Benefits $333,221

Fundraising Expenses $0

Other Expenses $1,249,892

TOTAL EXPENSES $12,989,545

Year-over-Year Comparison

	2024	2023	Change
Revenue	$14,855,848	$12,253,446	+0.2%
Expenses	$12,989,545	$12,062,804	+0.1%
Net Income	$1,866,303	$190,642	+8.8%

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

N/A

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

$156,562

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATTHEW HARRIS	TRUSTEE	1.00	Director	$0	$0	$0
BRIAN MCDANIEL	TRUSTEE	1.00	Director	$0	$0	$0
KOLLIN KNOX	TRUSTEE	1.00	Director	$0	$0	$0
SUSAN REMINGTON	TRUSTEE	1.00	Director	$0	$0	$0
JOEL RYUN	TRUSTEE	1.00	Director	$0	$0	$0
LOUIS SALADINO	TRUSTEE	1.00	Director	$0	$0	$0
PATRICK WEISE	TRUSTEE	1.00	Director	$0	$0	$0
STACY KERR	TRUSTEE	1.00	Director	$0	$0	$0
DANIELLE WILEY	PLAN ADMINISTRATOR	25.00	Officer	$71,903	$37,688	$156,562

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	$14,855,848	$12,989,545	$22,793,231	$1,866,303
2024	$12,253,446	$12,062,804	$19,941,419	$190,642
2023	$11,387,054	$10,336,298	$18,511,090	$1,050,756
2022	$11,003,032	$9,794,743	$17,308,413	$1,208,289
2021	$9,926,093	$9,021,620	$17,137,165	$904,473
2020	$9,388,014	$9,197,320	$14,876,475	$190,694
2019	$9,477,433	$8,444,207	$14,117,633	$1,033,226
2018	$8,559,268	$7,299,572	$13,173,922	$1,259,696

UNITED ASSOCIATION OF PLUMBERS LOCAL 8 HEALTH & WELFARE FUND