UNITED ASSN OF JOURNEYMEN & APPRENTICES PLUMBERS & PIPEFITTERS WELFARE FUND (EIN 596134289) - 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

Anthony Salgado

Tax Period

2024-01-01 to 2024-12-31

UNITED ASSN OF JOURNEYMEN & APPRENTICES PLUMBERS & PIPEFITTERS WELFARE FUND, founded in 1959, is a community nonprofit that reported $3.2M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $2.9M left a modest 12% surplus.

Mission

The Funds purpose is to provide health and welfare benefits to eligible participants and their dependents under terms of collective bargaining agreements with various signatory employers.

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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 $3,056,893

Investment Income $168,691

Other Revenue $0

TOTAL REVENUE $3,225,584

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,850,939

Other Expenses $216,004

TOTAL EXPENSES $2,850,939

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,225,584	$2,891,874	+0.1%
Expenses	$2,850,939	$2,644,586	+0.1%
Net Income	$374,645	$247,288	+0.5%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Anthony Salgado	Union Trustee	002.00	Director	$0	$0	$0
Michael Brown	Union Trustee	002.00	Director	$0	$0	$0
Fred Schlichte	Union Trustee	002.00	Director	$0	$0	$0
Michael Talbert	Union Trustee	002.00	Director	$0	$0	$0
Raymond Doucette	Union Trustee	002.00	Director	$0	$0	$0
Larry Pucio	Employer Trustee	002.00	Director	$0	$0	$0
Robert Shermna	Employer Trustee	002.00	Director	$0	$0	$0
Robert Abruscati	Employer Trustee	002.00	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	$3,225,584	$2,850,939	$5,625,307	$374,645
2023	$2,891,874	$2,644,586	$5,329,928	$247,288
2022	$2,234,460	$2,399,400	$4,998,626	$-164,940
2021	$2,372,115	$2,558,474	$5,490,162	$-186,359
2020	$2,906,220	$2,870,332	$5,852,456	$35,888
2019	$3,130,939	$2,955,746	$5,740,946	$175,193
2018	$2,881,224	$2,989,203	$5,495,515	$-107,979

UNITED ASSN OF JOURNEYMEN & APPRENTICES PLUMBERS & PIPEFITTERS WELFARE FUND