Plumbers & Pipefitters Local 625 Health & Welfare Fund (EIN 882080702) - 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

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

Provide Health and Welfare Benefits to participants and dependents as covered by the Plan.

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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 $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

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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

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