Plumbers and Steamfitters Local 141 Health and Welfare Fund (EIN 720800067) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1976

Legal Domicile

Principal Officer

Michael Hale

Phone

3186886690

Tax Period

2024-05-01 to 2025-04-30

Plumbers and Steamfitters Local 141 Health and Welfare Fund, founded in 1976, is a community nonprofit that reported $8.7M in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.0M, a strong 23% operating margin.

Mission

To provide medical benefits to plumbers steamfitters

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $7,739,943

Investment Income $973,019

Other Revenue $214

TOTAL REVENUE $8,713,176

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $6,330,974

Other Expenses $358,317

TOTAL EXPENSES $6,689,291

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,713,176	$6,805,652	+0.3%
Expenses	$6,689,291	$7,557,323	-0.1%
Net Income	$2,023,885	$-751,671	-3.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
Michael Hale	Chairman	040.00	Officer Director	$0	$0	$0
Ken Payne	Co-Chairman	040.00	Officer Director	$0	$0	$0
Michael Joiner	Labor Trustee	040.00	Director	$0	$0	$0
James Olden	Labor Trustee	040.00	Director	$0	$0	$0
William Hamm	Management Trustee	040.00	Director	$0	$0	$0
Chris FitzGerald	Management Trustee	040.00	Director	$0	$0	$0
Mark Ross	Management Trustee	040.00	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	$8,713,176	$6,689,291	$12,544,903	$2,023,885
2024	$6,805,652	$7,557,323	$10,613,259	$-751,671
2023	$6,026,786	$9,576,340	$10,302,569	$-3,549,554
2022	$4,835,585	$5,608,376	$10,019,364	$-772,791
2021	$6,741,204	$5,072,788	$10,794,775	$1,668,416
2020	$5,436,053	$4,822,356	$9,118,535	$613,697
2019	$5,418,717	$4,953,720	$8,604,466	$464,997
2018	$5,285,044	$4,826,109	$8,071,535	$458,935

Plumbers and Steamfitters Local 141 Health and Welfare Fund