PLUMBERS & PIPEFITTERS LOCALS 502 & 633 HEALTH & WELFARE TRUST FUND (EIN 610655187) - 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

1966

Legal Domicile

Principal Officer

SCOTT LEWIS

Phone

2488139800

Tax Period

2023-08-01 to 2024-07-31

PLUMBERS & PIPEFITTERS LOCALS 502 & 633 HEALTH & WELFARE TRUST FUND, founded in 1966, is a mid-sized nonprofit that reported $47.0M in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $9.2M, a strong 19% operating margin.

Mission

TO PROVIDE HEALTH BENEFITS

🔒

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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $46,427,231

Investment Income $524,226

Other Revenue $45,950

TOTAL REVENUE $46,997,407

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $918,421

TOTAL EXPENSES $37,838,532

Year-over-Year Comparison

	2023	2022	Change
Revenue	$46,997,407	$37,891,284	+0.2%
Expenses	$37,838,532	$34,925,381	+0.1%
Net Income	$9,158,875	$2,965,903	+2.1%

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

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

$836,749

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT LEWIS	TRUSTEE	1.00	Director	$0	$87,651	$221,696
ERIK ELZY	TRUSTEE	1.00	Director	$0	$83,705	$215,797
KENT JESSE	TRUSTEE	1.00	Director	$0	$82,339	$198,928
RYAN KLEBER	TRUSTEE - (ALTERNATE)	1.00	Director	$0	$82,339	$200,328
GARY KEELING	TRUSTEE	1.00	Director	$0	$0	$0
STEVEN MILBY	TRUSTEE	1.00	Director	$0	$0	$0
DENNIS MEIMAN JR	TRUSTEE	1.00	Director	$0	$0	$0
NEAL HURM	TRUSTEE	1.00	Director	$0	$0	$0
ANTHONEY HUMPHREY	TRUSTEE	1.00	Director	$0	$0	$0
BRIAN KRUER	TRUSTEE - (ALTERNATE)	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	$46,997,407	$37,838,532	$70,001,513	$9,158,875
2023	$37,891,284	$34,925,381	$56,001,802	$2,965,903
2022	$33,011,716	$29,020,083	$49,422,396	$3,991,633
2021	$29,821,939	$29,729,156	$48,865,514	$92,783
2020	$27,644,346	$26,066,415	$43,003,976	$1,577,931
2019	$26,643,778	$25,431,905	$39,294,278	$1,211,873
2018	$26,553,845	$23,313,585	$35,626,295	$3,240,260

PLUMBERS & PIPEFITTERS LOCALS 502 & 633 HEALTH & WELFARE TRUST FUND