STEAMFITTERS AND PLUMBERS LOCAL 464 WELFARE FUND C/O BENESYS INC (EIN 470587913) - 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

1976

Legal Domicile

Principal Officer

GARY DIXON

Phone

4025923753

Tax Period

2024-04-01 to 2025-03-31

STEAMFITTERS AND PLUMBERS LOCAL 464 WELFARE FUND C/O BENESYS INC, founded in 1976, is a mid-sized nonprofit that reported $27.8M in total revenue in fiscal year 2024. Expenses of $25.8M left a modest 7% surplus.

Mission

PROVIDE HEALTH, LIFE, VISION, PHARMACY AND DENTAL COVERAGE TO ELIGIBLE PARTICIPANTS.

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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 $26,491,156

Investment Income $1,328,665

Other Revenue $0

TOTAL REVENUE $27,819,821

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $25,789,311

TOTAL EXPENSES $25,789,311

Year-over-Year Comparison

	2024	2023	Change
Revenue	$27,819,821	$26,319,435	+0.1%
Expenses	$25,789,311	$23,621,229	+0.1%
Net Income	$2,030,510	$2,698,206	-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

$270,551

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY DIXON	TRUSTEE	2.00	Director	$0	$0	$132,397
ALEX JAMBOR	TRUSTEE	1.00	Director	$0	$0	$0
BRETT DEHART	TRUSTEE	2.00	Director	$0	$0	$138,154
MIKE BARNES	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
2025	$27,819,821	$25,789,311	$42,404,912	$2,030,510
2024	$26,319,435	$23,621,229	$40,292,826	$2,698,206
2023	$23,890,671	$20,486,590	$35,958,223	$3,404,081
2022	$21,007,375	$20,817,182	$34,202,269	$190,193
2021	$20,155,327	$19,389,713	$34,423,550	$765,614
2020	$20,235,873	$17,308,466	$28,845,942	$2,927,407
2019	$17,717,734	$13,969,681	$27,786,728	$3,748,053
2018	$15,538,657	$12,311,794	$23,696,858	$3,226,863

STEAMFITTERS AND PLUMBERS LOCAL 464 WELFARE FUND C/O BENESYS INC