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

EIN: 610655187

TROY, MI

Total Revenue
$49,712,471
Total Expenses
$44,070,530
Total Assets
$79,478,873
Net Assets
$78,757,729
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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
1966
Legal Domicile
KY
Principal Officer
SCOTT LEWIS
Phone
2488139800
Tax Period
2024-08-01 to 2025-07-31

PLUMBERS & PIPEFITTERS LOCALS 502 & 633 HEALTH & WELFARE TRUST FUND, founded in 1966, is a mid-sized nonprofit that reported $49.7M in total revenue in fiscal year 2024. Expenses of $44.1M left a modest 11% surplus.

Mission

HEALTH BENEFIT FUND

Program Service Accomplishments

Program 1

TO PROVIDE HEALTH CARE, DEATH AND DISABILITY BENEFITS, DENTAL, VISION, PRESCRIPTION DRUG AND ACCIDENTAL DEATH AND DISMEMBERMENT BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $49,224,467
Investment Income $464,155
Other Revenue $23,849
TOTAL REVENUE $49,712,471

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $1,095,273
TOTAL EXPENSES $44,070,530

Year-over-Year Comparison

2024 2023 Change
Revenue $49,712,471 $46,997,407 +0.1%
Expenses $44,070,530 $37,838,532 +0.2%
Net Income $5,641,941 $9,158,875 -0.4%
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

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Governance

Voting Members
8
Independent Members
5
Employees
61
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
0
$0
Total Directors
10
$845,715
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SCOTT LEWIS TRUSTEE 1.00
Director
$0 $89,826 $227,997
ERIK ELZY TRUSTEE 1.00
Director
$0 $85,694 $210,048
KENT JESSE TRUSTEE 1.00
Director
$0 $84,264 $203,835
RYAN KLEBER TRUSTEE - (ALTERNATE) 1.00
Director
$0 $84,264 $203,835
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
2025 $49,712,471 $44,070,530 $79,478,873 $5,641,941
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
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