Plumbers and Pipefitters Local Uni… - Form 990 Financial Data

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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

1960

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

Plumbers and Pipefitters Local Union No 630 Welfare Trust Fund, founded in 1960, is a mid-sized nonprofit that reported $14.4M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $3.9M, a strong 27% operating margin.

Mission

The Fund is a multi-employer benefit plan established to provide health and welfare benefits to eligible participants and their dependents.

Program Service Accomplishments

Program 1

Expenses: $10,571,633

Benefits paid to or for participants, and various administrative expenses.

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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 $13,746,083

Investment Income $697,903

Other Revenue $1,684

TOTAL REVENUE $14,445,670

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $10,571,633

Other Expenses $683,110

TOTAL EXPENSES $10,571,633

Year-over-Year Comparison

	2023	2022	Change
Revenue	$14,445,670	$12,251,050	+0.2%
Expenses	$10,571,633	$11,372,846	-0.1%
Net Income	$3,874,037	$878,204	+3.4%

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
Mark Woodard	Union Trustee	001.00	Director	$0	$0	$0
George Stripling	Union Trustee	001.00	Director	$0	$0	$0
Susan Stokes	Employer Trustee	001.00	Director	$0	$0	$0
Larry Wrye	Employer Trustee	001.00	Director	$0	$0	$0
Erica Barnes	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
2024	No data	No data	No data	No data
2023	$14,445,670	$10,571,633	$21,397,787	$3,874,037
2022	$12,251,050	$11,372,846	$17,679,824	$878,204
2021	$12,106,925	$10,079,585	$16,507,350	$2,027,340
2020	$10,919,857	$8,593,557	$13,809,216	$2,326,300
2019	$11,444,996	$12,453,819	$12,967,956	$-1,008,823
2018	$9,345,861	$11,435,166	$12,928,463	$-2,089,305

Plumbers and Pipefitters Local Union No 630 Welfare Trust Fund