PLUMBERS AND PIPEFITTERS HEALTH & WELFARE FUND (EIN 446012692) - 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

1959

Legal Domicile

Principal Officer

JOSH MCQUEEN

Phone

8162795534

Tax Period

2024-01-01 to 2024-12-31

PLUMBERS AND PIPEFITTERS HEALTH & WELFARE FUND, founded in 1959, is a community nonprofit that reported $4.3M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.2M, a strong 28% operating margin.

Mission

PROVIDE HEALTH & WELFARE BENEFITS FOR MEMBERS AND DEPENDENTS OF THE PLAN. THE PLAN IS A COLLECTIVELY BARGAINED, MULTIEMPLOYER PLAN.

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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 $4,149,651

Investment Income $133,370

Other Revenue $0

TOTAL REVENUE $4,283,021

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $118,018

TOTAL EXPENSES $3,065,992

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,283,021	$3,953,029	+0.1%
Expenses	$3,065,992	$2,964,925	+0.0%
Net Income	$1,217,029	$988,104	+0.2%

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
AUSTIN BENSON	TRUSTEE	0.15	Director	$0	$0	$0
BOB FITZPATRICK JR	TRUSTEE	0.15	Director	$0	$0	$0
JUSTIN KNAPP	TRUSTEE	0.15	Director	$0	$0	$0
KOLLIN KNOX	TRUSTEE	0.15	Director	$0	$0	$0
JOSH MCQUEEN	PLAN ADMINIS	2.50	Officer Director	$0	$0	$0
BRAD SUMMERS	TRUSTEE	0.15	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	$4,283,021	$3,065,992	$5,855,791	$1,217,029
2023	$3,953,029	$2,964,925	$4,514,262	$988,104
2022	$3,431,665	$1,900,646	$2,968,420	$1,531,019
2021	$3,061,927	$3,238,590	$1,799,955	$-176,663
2020	$2,774,682	$2,380,744	$1,336,214	$393,938
2019	$2,835,842	$2,967,229	$1,194,308	$-131,387
2018	$2,606,995	$2,397,613	$535,433	$209,382

PLUMBERS AND PIPEFITTERS HEALTH & WELFARE FUND