Plumbers & Pipefitters Local 625 H… - Form 990 Financial Data

🔒

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

2022

Legal Domicile

Principal Officer

Paul Breedlove

Phone

3045250331

Tax Period

2024-06-01 to 2025-05-31

Plumbers & Pipefitters Local 625 Health & Welfare Fund, founded in 2022, is a community nonprofit in the Mutual Benefit sector that reported $7.0M in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. The organization ran a surplus of $1.2M, a strong 17% operating margin.

Mission

Receive, preserve and invest contributions made by employers as required by the Collective Bargaining Agreements to provide health and welfare benefits to eligible participants.

Program Service Accomplishments

Program 1

Expenses: $5,670,191

Provide accident, hospital, medical, surgical, prescription, dental, vision, and death benefits to eligible members of the United Association of Pipefitters & Plumbers Local 625 and their spouses and...

🔒

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 $6,789,347

Investment Income $189,804

Other Revenue $0

TOTAL REVENUE $6,979,151

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $5,670,191

Other Expenses $628,575

TOTAL EXPENSES $5,823,269

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,979,151	$7,922,065	-0.1%
Expenses	$5,823,269	$5,219,832	+0.1%
Net Income	$1,155,882	$2,702,233	-0.6%

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

$226,449

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Paul Breedlove	Trustee	1.00	Director	$0	$0	$114,534
Craig Mosteller	Trustee	1.00	Director	$0	$0	$111,915
Tim Engel	Trustee	1.00	Director	$0	$0	$0
Luther Lasure	Trustee	1.00	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	$6,979,151	$5,823,269	$8,739,981	$1,155,882
2024	$7,922,065	$5,219,832	$7,636,546	$2,702,233
2023	$8,842,432	$3,965,905	$4,877,412	$4,876,527

Plumbers & Pipefitters Local 625 Health & Welfare Fund