PLUMBERS' LOCAL UNION NO 68 WELFARE FUND (EIN 746038640) - 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

1959

Legal Domicile

Principal Officer

WILLIAM VENABLE II

Phone

7138692592

Tax Period

2024-07-01 to 2025-06-30

PLUMBERS' LOCAL UNION NO 68 WELFARE FUND, founded in 1959, is a mid-sized nonprofit that reported $25.8M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $30.1M exceeded revenue, resulting in a 17% operating deficit.

Mission

TO PROVIDE HEALTH CARE BENEFITS TO MEMBERS WORKING UNDER THE COLLECTIVE BARGAINING AGREEMENT OF LOCAL 68.

🔒

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 $20,817,143

Investment Income $692,070

Other Revenue $4,246,506

TOTAL REVENUE $25,755,719

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $29,317,661

Other Expenses $7,147,081

TOTAL EXPENSES $30,132,773

Year-over-Year Comparison

	2024	2023	Change
Revenue	$25,755,719	$21,306,133	+0.2%
Expenses	$30,132,773	$21,553,828	+0.4%
Net Income	$-4,377,054	$-247,695	+16.7%

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
CHRIS HUMPHREY	TRUSTEE	2.00	Director	$0	$0	$0
CURTIS HARBOUR	TRUSTEE	2.00	Director	$0	$0	$0
CHATO WOODARD	TRUSTEE	2.00	Director	$0	$0	$0
TONY MCCORVEY JR	TRUSTEE	2.00	Director	$0	$0	$0
CHARLES FELL	TRSUTEE	2.00	Director	$0	$0	$0
WILLIAM VENABLE II	SEC/TRUSTEE	2.00	Director	$0	$0	$0
JEFF LABROSKI	TRUSTEE	2.00	Director	$0	$0	$0
WAYNE LORD	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
2025	$25,755,719	$30,132,773	$14,155,898	$-4,377,054
2024	$21,306,133	$21,553,828	$13,178,620	$-247,695
2023	$18,821,434	$20,778,345	$12,926,837	$-1,956,911
2022	$15,978,096	$16,208,047	$14,202,364	$-229,951
2021	$15,954,972	$18,786,957	$14,578,428	$-2,831,985
2020	$17,115,877	$17,661,644	$17,415,239	$-545,767
2019	$18,152,669	$19,722,588	$18,181,510	$-1,569,919
2018	$18,115,473	$18,471,424	$19,520,869	$-355,951

PLUMBERS' LOCAL UNION NO 68 WELFARE FUND