PLUMBERS & STEAMFITTERS LOCAL 43 HEALTH & WELFARE FUND (EIN 620717969) - 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

1963

Legal Domicile

Principal Officer

BART BLEDSOE

Phone

6158590131

Tax Period

2024-07-01 to 2025-06-30

PLUMBERS & STEAMFITTERS LOCAL 43 HEALTH & WELFARE FUND, founded in 1963, is a community nonprofit that reported $9.7M in total revenue in fiscal year 2024. Expenses of $8.6M left a modest 11% surplus.

Mission

TO PROVIDE BENEFITS TO PARTICIPANTS.

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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 $7,840,433

Investment Income $862,641

Other Revenue $1,011,713

TOTAL REVENUE $9,714,787

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $929,793

TOTAL EXPENSES $8,616,256

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,714,787	$9,045,892	+0.1%
Expenses	$8,616,256	$7,787,568	+0.1%
Net Income	$1,098,531	$1,258,324	-0.1%

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
JEFF BAILEY	SECRETARY	2.00	Officer Director	$0	$0	$0
BART BLEDSOE	CHAIRMAN	2.00	Officer Director	$0	$0	$0
JOSHUA EWING	TRUSTEE	2.00	Director	$0	$0	$0
JAN JENNINGS	TRUSTEE	2.00	Director	$0	$0	$0
MATT JOHNSON	TRUSTEE	2.00	Director	$0	$0	$0
NICHOLAS MAKOUSKE	ALTERNATE TR	2.00	Director	$0	$0	$0
JOHN T RAULSTON	TRUSTEE	2.00	Director	$0	$0	$0
LUKAS SALYER	ALTERNATE TR	2.00	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	$9,714,787	$8,616,256	$14,784,972	$1,098,531
2024	$9,045,892	$7,787,568	$13,734,029	$1,258,324
2023	$8,188,152	$6,924,351	$12,492,694	$1,263,801
2022	$7,184,348	$7,607,649	$11,774,666	$-423,301
2021	$7,407,401	$6,392,800	$11,614,168	$1,014,601
2020	$7,216,114	$7,434,114	$10,591,700	$-218,000
2019	$8,045,284	$7,684,455	$10,768,169	$360,829
2018	$6,523,283	$5,967,100	$10,406,376	$556,183

PLUMBERS & STEAMFITTERS LOCAL 43 HEALTH & WELFARE FUND