PLUMBERS & FITTERS LOCAL UNION NO 110 BENEFIT TRUST FUND (EIN 546058147) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1962

Legal Domicile

Principal Officer

JOSHUA BOYD

Phone

6158590131

Tax Period

2024-05-01 to 2025-04-30

PLUMBERS & FITTERS LOCAL UNION NO 110 BENEFIT TRUST FUND, founded in 1962, is a community nonprofit that reported $6.2M in total revenue in fiscal year 2017. Revenue surged 39% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.6M, a strong 59% operating margin.

Mission

THE PROVISION OF BENEFITS TO PARTICIPANTS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $7,062,344

Investment Income $1,219,336

Other Revenue $296,382

TOTAL REVENUE $8,578,062

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,721

Fundraising Expenses $0

Other Expenses $1,647,561

TOTAL EXPENSES $6,566,488

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,578,062	$7,208,797	+0.2%
Expenses	$6,566,488	$4,431,991	+0.5%
Net Income	$2,011,574	$2,776,806	-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

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
JOSHUA BOYD	CHAIRMAN	2.00	Director	$0	$0	$0
CLAYTON KILGORE	TRUSTEE	2.00	Director	$0	$0	$0
DEBRA MASON	SECRETARY	2.00	Director	$0	$0	$0
MIKE PANTELE	TRUSTEE	2.00	Director	$0	$0	$0
LIAM REYNOLDS	TRUSTEE	2.00	Director	$0	$0	$0
MATTHEW SALWAY	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	$8,578,062	$6,566,488	$19,531,256	$2,011,574
2024	$7,208,797	$4,431,991	$17,056,996	$2,776,806
2023	$6,905,716	$7,303,184	$14,697,741	$-397,468
2022	$6,266,212	$5,336,303	$14,579,626	$929,909
2021	$6,530,818	$4,108,744	$13,406,885	$2,422,074
2020	$6,096,459	$4,093,770	$10,899,655	$2,002,689
2019	$6,306,671	$5,261,225	$9,152,250	$1,045,446
2018	$6,162,791	$2,551,099	$7,533,649	$3,611,692

PLUMBERS & FITTERS LOCAL UNION NO 110 BENEFIT TRUST FUND