PLUMBERS AND FITTERS LOCAL UNION 295 HEALTH & WELFARE FUND (EIN 596134281) - 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

1959

Legal Domicile

Principal Officer

BRETT MIRSKY

Phone

9045380100

Tax Period

2024-01-01 to 2024-12-31

PLUMBERS AND FITTERS LOCAL UNION 295 HEALTH & WELFARE FUND, founded in 1959, is a community nonprofit that reported $5.4M in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $4.7M left a modest 12% surplus.

Mission

MULTI-EMPLOYER DEFINED BENEFIT HEALTH AND WELFARE FUND.

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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 $5,050,373

Investment Income $343,494

Other Revenue $0

TOTAL REVENUE $5,393,867

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $358,904

TOTAL EXPENSES $4,729,496

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,393,867	$4,506,832	+0.2%
Expenses	$4,729,496	$4,118,756	+0.1%
Net Income	$664,371	$388,076	+0.7%

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

$162,436

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRETT MIRSKY	UNION TRUSTEE	2.00	Director	$0	$70,783	$162,436
RALPH ROBERTS	UNION TRUSTEE	1.00	Director	$0	$0	$0
CHARLES LONG	UNION TRUSTEE	1.00	Director	$0	$0	$0
ANDREW FRATTIN	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
MITCH COX	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
JEFFREY SMITH	EMPLOYER 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	$5,393,867	$4,729,496	$7,326,028	$664,371
2023	$4,506,832	$4,118,756	$6,461,085	$388,076
2022	$4,024,447	$4,471,788	$6,201,990	$-447,341
2021	$4,864,982	$4,658,462	$6,781,436	$206,520
2020	$4,478,279	$3,737,045	$6,895,288	$741,234
2019	$3,551,571	$3,188,771	$5,757,630	$362,800
2018	$3,157,346	$3,793,955	$5,165,639	$-636,609

PLUMBERS AND FITTERS LOCAL UNION 295 HEALTH & WELFARE FUND