Plumbers & Pipefitters Local No 421 Health and Welfare Fund (EIN 566085074) - 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

Phone

8008425899

Tax Period

2023-01-01 to 2023-12-31

Plumbers & Pipefitters Local No 421 Health and Welfare Fund, founded in 1967, is a mid-sized nonprofit that reported $13.6M in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum.

Mission

The Funds purpose is to provide health and welfare benefits to eligible participants and their dependents under terms of various collective bargaining and participating agreements between the various employers and the Plumbers and Pipefitters Local Union No. 421

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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 $12,968,842

Investment Income $601,377

Other Revenue $52,911

TOTAL REVENUE $13,623,130

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $14,102,854

Other Expenses $699,998

TOTAL EXPENSES $14,102,854

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,623,130	$11,092,669	+0.2%
Expenses	$14,102,854	$13,521,380	+0.0%
Net Income	$-479,724	$-2,428,711	-0.8%

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
Perry Howard	Trustee	001.00	Director	$0	$0	$0
Jeffery Morgan	Trustee	001.00	Director	$0	$0	$0
Steve Smith	Trustee	001.00	Director	$0	$0	$0
Zane Gauldin	Trustee	001.00	Director	$0	$0	$0
Matt Stroer	Trustee	001.00	Director	$0	$0	$0
Larry K Batson	Trustee	001.00	Director	$0	$0	$0
Carol Garrett	Trustee	001.00	Director	$0	$0	$0
Tim Clark	Trustee	001.00	Director	$0	$0	$0
James Wilber	Trustee	001.00	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	No data	No data	No data	No data
2023	$13,623,130	$14,102,854	$17,514,110	$-479,724
2022	$11,092,669	$13,521,380	$17,123,186	$-2,428,711
2021	$12,681,000	$11,774,114	$21,305,656	$906,886
2020	$11,501,692	$12,380,135	$21,027,799	$-878,443
2019	$12,918,958	$11,816,022	$21,355,964	$1,102,936
2018	$11,970,373	$10,504,074	$18,842,184	$1,466,299

Plumbers & Pipefitters Local No 421 Health and Welfare Fund