BIRMINGHAM PLUMBERS AND STEAMFITTER LOCAL UNION 91 - WELFARE FUND (EIN 630461410) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1953

Legal Domicile

Principal Officer

CLAUDE PIERCE JR

Phone

2055955151

Tax Period

2023-03-01 to 2024-02-29

BIRMINGHAM PLUMBERS AND STEAMFITTER LOCAL UNION 91 - WELFARE FUND, founded in 1953, is a community nonprofit that reported $5.7M in total revenue in fiscal year 2018. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 19% operating margin.

Mission

PROVIDES HEALTH CARE BENEFITS TO PLAN PARTICIPANTS AND THEIR DEPENDENTS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $5,142,410

Investment Income $145,906

Other Revenue $313,400

TOTAL REVENUE $5,601,716

Expense Breakdown

Grants Paid $0

Salaries & Benefits $182,016

Fundraising Expenses $0

Other Expenses $525,815

TOTAL EXPENSES $5,548,441

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,601,716	$5,178,353	+0.1%
Expenses	$5,548,441	$5,362,876	+0.0%
Net Income	$53,275	$-184,523	-1.3%

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
TIMOTHY ARNDT	TRUSTEE	2.00	Director	$0	$0	$0
CLAUDE PIERCE JR	TRUSTEE - SE	2.00	Director	$0	$0	$0
KELVIN LATHAM	TRUSTES	2.00	Director	$0	$0	$0
ANTHONY ROBINSON	TRUSTEE - PA	2.00	Director	$0	$0	$0
DARRELL TAYLOR	TRUSTEE - PA	2.00	Director	$0	$0	$0
KENNETH TODD	CHAIRMAN	2.00	Director	$0	$0	$0
HARRISON WHISENANT	TRUSTEE	2.00	Director	$0	$0	$0
ANDREW WHITE	TRUSTEE	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
2024	$5,601,716	$5,548,441	$6,113,699	$53,275
2023	$5,178,353	$5,362,876	$5,603,818	$-184,523
2022	$5,408,176	$5,762,425	$6,255,508	$-354,249
2021	$4,634,859	$4,621,271	$6,732,701	$13,588
2020	$6,092,076	$5,354,898	$6,508,386	$737,178
2019	$5,717,392	$4,631,243	$6,016,632	$1,086,149

BIRMINGHAM PLUMBERS AND STEAMFITTER LOCAL UNION 91 - WELFARE FUND