Plumbers Local Union 519 Health & Welfare Fund (EIN 596134291) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1954

Legal Domicile

Phone

9542666322

Tax Period

2024-05-01 to 2025-04-30

Plumbers Local Union 519 Health & Welfare Fund, founded in 1954, is a community nonprofit that reported $3.7M in total revenue in fiscal year 2024.

Mission

The Funds purpose is to provide health and welfare benefits to eligible participants and their dependents under terms of a collective bargaining agreement between the signatory employers and the Plumbers Local Union No. 519.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,694,780

Investment Income $42,762

Other Revenue $0

TOTAL REVENUE $3,737,542

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,652,009

Other Expenses $184,824

TOTAL EXPENSES $3,652,009

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,737,542	$3,749,964	0.0%
Expenses	$3,652,009	$3,802,660	0.0%
Net Income	$85,533	$-52,696	-2.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
Cody Penniston	Union Trustee	001.00	Director	$0	$0	$0
George Garcia	Union Trustee	001.00	Director	$0	$0	$0
Wayne Orr	Employer Trustee	001.00	Director	$0	$0	$0
Robert Abruscati	Employer Trustee	001.00	Director	$0	$0	$0
Peter McCann	Employer Trustee	001.00	Director	$0	$0	$0
Jeffrey Penniston	Union Trustee	001.00	Director	$0	$0	$0
William Ferluga	Union Trustee	001.00	Director	$0	$0	$0
Marcus Spiegelberg	Employer 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
2025	$3,737,542	$3,652,009	$2,697,568	$85,533
2024	$3,729,410	$3,802,660	$2,530,264	$-73,250
2023	$3,476,495	$3,499,175	$2,453,817	$-22,680
2022	$2,946,106	$3,434,866	$2,577,638	$-488,760
2021	$3,085,356	$3,452,061	$3,199,331	$-366,705
2020	$3,210,222	$3,691,387	$3,755,822	$-481,165
2019	$3,559,982	$3,406,502	$3,997,642	$153,480
2018	$3,641,635	$3,585,169	$3,779,744	$56,466

Plumbers Local Union 519 Health & Welfare Fund