PLUMBERS & STEAMFITTERS UNION LOCAL NO 10 HEALTH & WELFARE FUND (EIN 526047277) - 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

1963

Legal Domicile

Principal Officer

NATHAN DAVENPORT

Phone

6158590131

Tax Period

2023-01-01 to 2023-12-31

PLUMBERS & STEAMFITTERS UNION LOCAL NO 10 HEALTH & WELFARE FUND, founded in 1963, is a community nonprofit that reported $9.8M in total revenue in fiscal year 2023. Revenue surged 48% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE MEDICAL, DENTAL AND OTHER WELFARE BENEFITS TO UNION MEMBERSHIP IN ACCORDANCE WITH COLLECTIVE BARGAINED 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $7,105,816

Investment Income $1,087,231

Other Revenue $1,578,576

TOTAL REVENUE $9,771,623

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,112

Fundraising Expenses $0

Other Expenses $757,976

TOTAL EXPENSES $10,661,358

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,771,623	$6,608,332	+0.5%
Expenses	$10,661,358	$8,019,797	+0.3%
Net Income	$-889,735	$-1,411,465	-0.4%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NATHAN DAVENPORT	CHAIRMAN	2.00	Officer Director	$0	$0	$0
DAVE DIPERSIO	ALTERNATE TR	2.00	Director	$0	$0	$0
ERIC GAUKER	TRUSTEE	2.00	Director	$0	$0	$0
ROYDEN GOODSON	TRUSTEE	2.00	Director	$0	$0	$0
WILLIAM DUNN JR	TRUSTEE	2.00	Director	$0	$0	$0
NEALE KELLEY	TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL PANTELE	CO-CHAIRMAN	2.00	Officer 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	No data	No data	No data	No data
2023	$9,771,623	$10,661,358	$12,300,065	$-889,735
2022	$6,608,332	$8,019,797	$13,278,338	$-1,411,465
2021	$8,210,089	$6,897,619	$14,693,700	$1,312,470
2020	$8,480,546	$7,765,982	$13,395,724	$714,564
2019	$8,767,166	$6,804,411	$12,698,577	$1,962,755
2018	$7,168,402	$6,202,104	$10,693,094	$966,298

PLUMBERS & STEAMFITTERS UNION LOCAL NO 10 HEALTH & WELFARE FUND