Skip to content
Nonprofiteer
← PLUMBERS LOCAL UNION NO 24 WELFARE FUND

Form 990 for tax year 2023

Filed by PLUMBERS LOCAL UNION NO 24 WELFARE FUND.

Totals

Total revenue
$22,500,882
Total expenses
$20,746,968
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$20,526,528
Investment income
$747,642
Other revenue
$1,226,712
Total assets, end of year
$41,092,563
Total liabilities, end of year
$3,902,629
Net assets or fund balances, end of year
$37,189,934
Program services expenses (Part IX)
$19,979,233
Management and general expenses
$767,735
Fundraising expenses
$0
Program service expenses (Part III)
$19,979,233

Program services were 96.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: EMPLOYER CONTRIBUTIONS

    total $19,579,310 · related or exempt $19,579,310

  • 2b · Program service revenue: RETIREE CONTRIBUTIONS

    total $588,939 · related or exempt $588,939

  • 2c · Program service revenue: STOP LOSS REIMBURSEMEN

    total $234,976 · related or exempt $234,976

  • 2d · Program service revenue: COBRA CONTRIBUTIONS

    total $123,303 · related or exempt $123,303

  • 3 · Investment income

    total $831,750 · related or exempt $831,750

  • 7a · Gross sales of assets other than inventory

    securities $10,689,926

  • 7b · Less cost or other basis and sales expenses

    securities $10,774,034

  • 7c · Gain or loss

    securities -$84,108

  • 7d · Net gain or loss

    total -$84,108 · related or exempt -$84,108

  • 11a · Other revenue: Prescription Rebates

    total $1,084,418 · related or exempt $1,084,418

  • 11d · All other revenue

    total $142,294 · related or exempt $142,294

  • 11e · Other revenue, total

    $1,226,712

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $19,979,233 · program services $19,979,233

  • 11a · Fees: management

    total $337,958 · management and general $337,958

  • 11b · Fees: legal

    total $29,487 · management and general $29,487

  • 11c · Fees: accounting

    total $42,082 · management and general $42,082

  • 11f · Fees: investment management

    total $46,377 · management and general $46,377

  • 11g · Fees: other

    total $39,226 · management and general $39,226

  • 13 · Office expenses

    total $64,124 · management and general $64,124

  • 16 · Occupancy

    total $6,656 · management and general $6,656

  • 23 · Insurance

    total $9,563 · management and general $9,563

  • 24a · Other expenses: HRA EXPENSE ALLOCATION

    total $142,294 · management and general $142,294

  • 24b · Other expenses: ALLOCATED ADMINISTRATIV

    total $40,364 · management and general $40,364

  • 24c · Other expenses: PCORI FEE

    total $5,524 · management and general $5,524

  • 24d · Other expenses: INVESTMENT CONSULTING

    total $4,080 · management and general $4,080

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,577,724 · end of year $4,643,875

  • 2 · Savings and temporary cash investments

    beginning of year $1,594,220 · end of year $1,253,859

  • 4 · Accounts receivable

    beginning of year $2,311,516 · end of year $2,251,865

  • 10a · Land, buildings and equipment: cost or other basis

    $55,641

  • 10b · Land, buildings and equipment: accumulated depreciation

    $55,641

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $24,609,893 · end of year $23,231,985

  • 12 · Investments: other securities

    beginning of year $7,869,781 · end of year $9,397,973

  • 15 · Other assets

    beginning of year $409,940 · end of year $313,006

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,362,502 · end of year $987,965

  • 25 · Other liabilities

    beginning of year $2,840,380 · end of year $2,914,664

  • 29 · Capital stock, trust principal or current funds

    beginning of year $35,170,192 · end of year $37,189,934

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

PROVIDE MEDICAL BENEFITS TO ELIGIBLE PARTICIPANTS

  • PROVIDE MEDICAL BENEFITS TO ELIGIBLE PARTICIPANTS

    Expenses $19,979,233 · Revenue $22,500,882

As filed on the 2023 return.

Listed in Part VII

  • Roshan White

    TRUSTEE

    Total calculated
    $301,830
    From this org
    $0
    From related orgs
    $181,889
    Other
    $119,941
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $176,384 related
    Bonus
    $0
    Other
    $0 + $5,505 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $119,941 related
    Filer's total
    $0 + $301,830 related

  • Kermit Hartman

    TRUSTEE

    Total calculated
    $293,814
    From this org
    $0
    From related orgs
    $174,913
    Other
    $118,901
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $171,444 related
    Bonus
    $0
    Other
    $0 + $3,469 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $118,901 related
    Filer's total
    $0 + $293,814 related

  • Phillip Petillo

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Chadrick Garris

    TRUSTEE

    Total calculated
    $293,123
    From this org
    $0
    From related orgs
    $174,222
    Other
    $118,901
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $171,444 related
    Bonus
    $0
    Other
    $0 + $2,778 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $118,901 related
    Filer's total
    $0 + $293,123 related

  • Salvatore Fischera

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Patrick Kelleher

    TRUSTEE

    Total calculated
    $292,088
    From this org
    $0
    From related orgs
    $173,187
    Other
    $118,901
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $171,444 related
    Bonus
    $0
    Other
    $0 + $1,743 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $118,901 related
    Filer's total
    $0 + $292,088 related

  • Salvaltore Simonetti

    TRUSTEE

    Total calculated
    $295,551
    From this org
    $0
    From related orgs
    $176,130
    Other
    $119,421
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $173,914 related
    Bonus
    $0
    Other
    $0 + $2,216 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $119,421 related
    Filer's total
    $0 + $295,551 related

  • Robert Armistead

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Christopher H Snyder

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Nelson Zebransky Jr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
17 March 2025
IRS schema version
2023v6.0
Source object
202530769349301508

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.