PLUMBERS AND STEAMFITTERS LOCAL 489 HEALTH AND WELFARE PLAN (EIN 521045309) - 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

1967

Legal Domicile

Principal Officer

SCOTT UPOLE

Phone

3017228515

Tax Period

2024-06-01 to 2025-05-31

PLUMBERS AND STEAMFITTERS LOCAL 489 HEALTH AND WELFARE PLAN, founded in 1967, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE HEALTH & WELFARE BENEFITS TO UNION MEMBERS AND THEIR FAMILIES.

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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 $1,888,593

Investment Income $80,971

Other Revenue $32,171

TOTAL REVENUE $2,001,735

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,931,981

Other Expenses $87,265

TOTAL EXPENSES $2,016,164

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,001,735	$1,760,764	+0.1%
Expenses	$2,016,164	$1,565,754	+0.3%
Net Income	$-14,429	$195,010	-1.1%

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

$122,222

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT UPOLE	TRUSTEE	2.00	Director	$0	$28,438	$122,222
RAYMOND GRAHAM	TRUSTEE	2.00	Director	$0	$0	$0
JOHN W YODER JR	TRUSTEE	2.00	Director	$0	$0	$0
BRYAN J MARKER	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	$2,001,735	$2,016,164	$1,565,404	$-14,429
2024	$1,760,764	$1,565,754	$1,579,578	$195,010
2023	$1,726,461	$1,501,912	$1,300,501	$224,549
2022	$1,735,075	$1,906,090	$1,126,637	$-171,015
2021	$1,583,900	$1,553,524	$1,461,968	$30,376
2020	$1,871,153	$1,677,790	$1,253,747	$193,363
2019	$1,771,602	$2,306,535	$1,127,402	$-534,933
2018	$1,609,688	$1,717,427	$1,659,641	$-107,739

PLUMBERS AND STEAMFITTERS LOCAL 489 HEALTH AND WELFARE PLAN