TRUST AGREEMENT OF THE RETIREE MEDICAL PLAN OF THE PLUMBERS (EIN 465193231) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2014

Legal Domicile

Principal Officer

JAMES F COYNE

Phone

3122265000

Tax Period

2024-06-01 to 2025-05-31

TRUST AGREEMENT OF THE RETIREE MEDICAL PLAN OF THE PLUMBERS, founded in 2014, is a mid-sized nonprofit in the Mutual Benefit sector that reported $17.6M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $20.9M exceeded revenue, resulting in a 19% operating deficit.

Mission

TO PROVIDE HEALTH BENEFITS TO RETIRED PARTICIPANTS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $12,211,420

Investment Income $5,388,683

Other Revenue $18,265

TOTAL REVENUE $17,618,368

Expense Breakdown

Grants Paid $0

Salaries & Benefits $392,430

Fundraising Expenses $0

Other Expenses $514,694

TOTAL EXPENSES $20,940,109

Year-over-Year Comparison

	2024	2023	Change
Revenue	$17,618,368	$15,982,677	+0.1%
Expenses	$20,940,109	$19,712,856	+0.1%
Net Income	$-3,321,741	$-3,730,179	-0.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

N/A

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

$388,831

Total Directors

$2,879,482

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES COYNE	LABOR CO-CHAIRMAN	0.47	Director	$0	$55,322	$419,372
JOHN HOSTY	LABOR TRUSTEE	0.47	Director	$0	$109,971	$303,198
JAMES MANSFIELD	LABOR TRUSTEE	0.47	Director	$0	$279,971	$462,248
MICHAEL SHEA	LABOR TRUSTEE	0.47	Director	$0	$198,535	$384,041
JAMES O'SULLIVAN	MGMT CO-CHAIRMAN	0.47	Director	$0	$0	$0
PAUL ALECK	MANAGEMENT TRUSTEE	0.47	Director	$0	$0	$0
SJ PETERS	MANAGEMENT TRUSTEE - ALTER	0.47	Director	$0	$0	$0
BART HOLZHAUSER	LABOR TRUSTEE	0.47	Director	$0	$133,719	$317,433
JOSEPH MONDIA	LABOR TRUSTEE	0.47	Director	$0	$156,964	$340,251
KELLY CASTROGIOVANNI	MANAGEMENT TRUSTEE	0.47	Director	$0	$0	$0
JENNIFER MACDONALD	LABOR TRUSTEE - PAST	0.47	Director	$0	$101,984	$277,298
CLIFF BRUCKNER	MANAGEMENT TRUSTEE	0.47	Director	$0	$0	$0
RICK KUHN	MANAGEMENT TRUSTEE	0.47	Director	$0	$0	$0
SARA FLETCHER	MANAGEMENT TRUSTEE	0.47	Director	$0	$0	$0
PATRICK MCCARTHY	LABOR TRUSTEE - NEW	0.47	Director	$0	$170,085	$375,641
JOSEPH OHM	FUND ADMINISTRATOR	1.00	Officer	$0	$77,359	$388,831
CHRISTOPHER ANISH	FIELD REPRESENTATIVE	1.00	Highest	$0	$77,454	$227,765

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	$17,618,368	$20,940,109	$61,902,204	$-3,321,741
2024	$15,982,677	$19,712,856	$66,301,998	$-3,730,179
2023	$14,867,055	$16,761,589	$64,472,500	$-1,894,534
2022	$16,041,770	$16,077,169	$65,796,752	$-35,399
2021	$16,401,262	$17,023,043	$72,635,234	$-621,781
2020	$16,045,407	$13,860,553	$64,080,377	$2,184,854
2019	$17,013,414	$14,731,193	$58,103,206	$2,282,221
2018	$19,834,505	$12,348,447	$54,726,363	$7,486,058

TRUST AGREEMENT OF THE RETIREE MEDICAL PLAN OF THE PLUMBERS