PLUMBERS & PIPEFITTERS LU NO 572 HEALTH & WELFARE FUND (EIN 620786559) - 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

1966

Legal Domicile

Principal Officer

KURT V SMITH

Phone

6158590131

Tax Period

2024-04-01 to 2025-03-31

PLUMBERS & PIPEFITTERS LU NO 572 HEALTH & WELFARE FUND, founded in 1966, is a mid-sized nonprofit that reported $20.5M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $4.2M, a strong 20% operating margin.

Mission

To provide health and welfare benefits to elegible 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 $19,529,001

Investment Income $937,108

Other Revenue $0

TOTAL REVENUE $20,466,109

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,461

Fundraising Expenses $0

Program Expenses $16,283,670

Other Expenses $471,574

TOTAL EXPENSES $16,283,670

Year-over-Year Comparison

	2024	2023	Change
Revenue	$20,466,109	$18,440,692	+0.1%
Expenses	$16,283,670	$12,874,822	+0.3%
Net Income	$4,182,439	$5,565,870	-0.2%

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
ERIC H COONS	TRUSTEE/SECRETARY	002.00	Director Key Emp	$0	$0	$0
WILLIAM JOHNSON JR	TRUSTEE	002.00	Director Key Emp	$0	$0	$0
DARRELL T STEWART	TRUSTEE	002.00	Director	$0	$0	$0
SCOTT CARTER	TRUSTEE/ CHAIRMAN	002.00	Director	$0	$0	$0
TRENT MITCHELL	TRUSTEE	002.00	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	$20,466,109	$16,283,670	$34,378,262	$4,182,439
2024	$18,440,692	$12,874,822	$28,993,641	$5,565,870
2023	$15,827,005	$12,499,316	$22,099,528	$3,327,689
2022	$13,559,404	$11,073,201	$19,730,789	$2,486,203
2021	$13,355,917	$9,308,450	$16,949,721	$4,047,467
2020	$13,779,561	$10,347,257	$12,907,324	$3,432,304
2019	$12,080,589	$8,490,451	$10,059,828	$3,590,138
2018	$11,806,211	$9,215,226	$8,711,345	$2,590,985

PLUMBERS & PIPEFITTERS LU NO 572 HEALTH & WELFARE FUND