UNITED ASSOCIATION PLUMBER STMFTR & SHPFTR INDUSTRY RETIREE HEALTH TR (EIN 931143759) - 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

1993

Legal Domicile

Principal Officer

ED GORMLEY

Phone

8667962305

Tax Period

2023-01-01 to 2023-12-31

UNITED ASSOCIATION PLUMBER STMFTR & SHPFTR INDUSTRY RETIREE HEALTH TR, founded in 1993, is a mid-sized nonprofit that reported $32.7M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. The organization ran a surplus of $29.5M, a strong 90% operating margin.

Mission

TO PROVIDE RETIREE HEALTH BENEFITS TO 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $24,984,940

Investment Income $7,758,240

Other Revenue $0

TOTAL REVENUE $32,743,180

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $704,570

TOTAL EXPENSES $3,292,508

Year-over-Year Comparison

	2023	2022	Change
Revenue	$32,743,180	$35,161,860	-0.1%
Expenses	$3,292,508	$7,867,192	-0.6%
Net Income	$29,450,672	$27,294,668	+0.1%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ED GORMLEY	TRUSTEE	1.0	Director	$0	$0	$0
CORDELL TIETZ	TRUSTEE	1.0	Director	$0	$0	$0
JON BERRY	TRUSTEE	1.0	Director	$0	$0	$0
RANDALL FRIESEN	TRUSTEE	1.0	Director	$0	$0	$0
MARK WRIGHT	TRUSTEE	1.0	Director	$0	$0	$0
JOE NEELY	TRUSTEE	1.0	Director	$0	$0	$0
ERIC DESANTO	TRUSTEE	1.0	Director	$0	$0	$0
CHUCK HUBLER	TRUSTEE	1.0	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
2024	No data	No data	No data	No data
2023	$32,743,180	$3,292,508	$312,448,948	$29,450,672
2022	$35,161,860	$7,867,192	$252,304,011	$27,294,668
2021	$38,576,279	$7,125,699	$277,888,582	$31,450,580
2020	$26,840,692	$5,723,550	$231,981,120	$21,117,142
2019	$26,742,312	$5,420,923	$187,358,677	$21,321,389
2018	$22,989,037	$5,264,495	$146,559,950	$17,724,542

UNITED ASSOCIATION PLUMBER STMFTR & SHPFTR INDUSTRY RETIREE HEALTH TR