PLUMBERS LOCAL UNION NO 16 WELFARE FUND (EIN 470403214) - 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

Phone

4027346274

Tax Period

2024-04-01 to 2025-03-31

PLUMBERS LOCAL UNION NO 16 WELFARE FUND, founded in 1955, is a community nonprofit that reported $8.5M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.8M, a strong 21% operating margin.

Mission

PROVIDING ELIGIBLE PARTICIPANTS WITH MAJOR MEDICAL AND LIFE INSURANCE 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 $7,859,783

Investment Income $284,407

Other Revenue $318,715

TOTAL REVENUE $8,462,905

Expense Breakdown

Grants Paid $0

Salaries & Benefits $36,502

Fundraising Expenses $0

Program Expenses $6,708,024

Other Expenses $424,941

TOTAL EXPENSES $6,708,024

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,462,905	$7,302,221	+0.2%
Expenses	$6,708,024	$7,328,519	-0.1%
Net Income	$1,754,881	$-26,298	-67.7%

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

$146,619

Total Directors

$288,450

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ARRICK JAZYNKA	CHAIRMAN	2.00	Officer Director	$0	$31,660	$146,619
DENNIS EDEN	SECRETARY	2.00	Officer Director	$0	$0	$0
ROBERT WOODARD	TRUSTEE	2.00	Director	$0	$31,660	$141,831
CHAD WESTPHALEN	TRUSTEE	2.00	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	$8,462,905	$6,708,024	$8,553,143	$1,754,881
2024	$7,302,221	$7,328,519	$6,639,096	$-26,298
2023	$6,762,359	$6,627,360	$6,209,808	$134,999
2022	$6,113,730	$5,849,056	$5,442,776	$264,674
2021	$5,870,910	$4,103,427	$4,461,661	$1,767,483
2020	$5,718,962	$4,411,569	$2,615,198	$1,307,393
2019	$4,911,754	$4,334,131	$1,234,089	$577,623
2018	$4,187,704	$5,130,472	$799,471	$-942,768

PLUMBERS LOCAL UNION NO 16 WELFARE FUND