PLUMBERS & STEAMFITTERS LOCAL 60 HEALTH AND WELFARE FUND (EIN 720450650) - 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

1952

Legal Domicile

Principal Officer

RONALD ROSSER

Phone

5048853064

Tax Period

2024-07-01 to 2025-06-30

PLUMBERS & STEAMFITTERS LOCAL 60 HEALTH AND WELFARE FUND, founded in 1952, is a mid-sized nonprofit that reported $11.3M in total revenue in fiscal year 2024. The organization ran a surplus of $2.3M, a strong 20% operating margin.

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE 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 $9,858,905

Investment Income $644,352

Other Revenue $809,438

TOTAL REVENUE $11,312,695

Expense Breakdown

Grants Paid $0

Salaries & Benefits $466,840

Fundraising Expenses $0

Other Expenses $667,693

TOTAL EXPENSES $9,054,488

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,312,695	$11,223,564	+0.0%
Expenses	$9,054,488	$7,150,362	+0.3%
Net Income	$2,258,207	$4,073,202	-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

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

$115,868

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN SABATHE	TRUSTEE	5.00	Director	$0	$0	$0
RONALD ROSSER	TRUSTEE	5.00	Officer Director	$0	$0	$0
HENRY HEIER	TRUSTEE	5.00	Director	$0	$0	$0
CHESTER CABIRAC	TRUSTEE	5.00	Director	$0	$0	$0
PATRICK GOOTEE	TRUSTEE	5.00	Director	$0	$0	$0
MICHAEL EILERS	ADMINISTRATIVE MANAGER	5.00	Director	$100,784	$15,084	$115,868

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	$11,312,695	$9,054,488	$19,975,447	$2,258,207
2024	No data	No data	No data	No data
2023	$9,827,610	$8,167,941	$12,892,601	$1,659,669
2022	$10,031,394	$7,727,181	$10,872,126	$2,304,213
2021	$8,551,794	$7,629,051	$10,022,630	$922,743
2020	$8,674,730	$6,899,965	$8,966,968	$1,774,765
2019	$8,629,223	$7,352,713	$6,676,859	$1,276,510
2018	$7,769,793	$7,943,716	$5,265,480	$-173,923

PLUMBERS & STEAMFITTERS LOCAL 60 HEALTH AND WELFARE FUND