NYC MUNICIPAL PLUMBERS & PIPEFITTERS HEALTH & WELFARE FUND (EIN 510243714) - 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

1988

Legal Domicile

Principal Officer

MICHAEL REED

Phone

5163965500

Tax Period

2024-01-01 to 2024-12-31

NYC MUNICIPAL PLUMBERS & PIPEFITTERS HEALTH & WELFARE FUND, founded in 1988, is a community nonprofit that reported $7.9M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $7.3M left a modest 8% surplus.

Mission

THE PLAN PROVIDES BENEFITS TO ALL ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS WHO ARE COVERED BY 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 $7,824,760

Investment Income $66,233

Other Revenue $262

TOTAL REVENUE $7,891,255

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $175,480

TOTAL EXPENSES $7,256,880

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,891,255	$7,047,241	+0.1%
Expenses	$7,256,880	$6,552,362	+0.1%
Net Income	$634,375	$494,879	+0.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALAN PAWELSKY	TRUSTEE	1.00	Director	$0	$0	$0
EDWARD KAVANAGH	TRUSTEE	1.00	Director	$0	$0	$0
PIETRO BENCIVENGA	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL REED	TRUSTEE	1.00	Director	$0	$0	$0
JOHN REILLY	TRUSTEE	1.00	Director	$0	$0	$0
JAMES TANGREDI	TRUSTEE - PAST	1.00	Director	$0	$0	$0
JOHN SANTORELLI	TRUSTEE	1.00	Director	$0	$0	$0
SAUL GOMEZ	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
2024	$7,891,255	$7,256,880	$7,552,400	$634,375
2023	$7,047,241	$6,552,362	$6,591,702	$494,879
2022	$6,725,477	$5,887,432	$5,926,025	$838,045
2021	$6,294,939	$5,567,200	$5,314,555	$727,739
2020	$6,373,945	$6,572,455	$4,645,104	$-198,510
2019	$5,181,263	$3,797,016	$4,713,675	$1,384,247
2018	$6,825,773	$6,680,658	$6,437,399	$145,115

NYC MUNICIPAL PLUMBERS & PIPEFITTERS HEALTH & WELFARE FUND