Health & Welfare Fund of the Plumbers & Steamfitters Local is a 501(c)(9) organization based in Canfield, Ohio, registered in 1966, with $8,443,468 in FY2024 revenue. CharityIndex grades it C+.
Revenue (FY2024)
$8.4M
▲ 0.6% vs prior year
Expenses (FY2024)
$8.3M
Net assets
$14.1M
Employees
—
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Health & Welfare Fund of the Plumbers & Steamfitters Local— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Health & Welfare Fund of the Plumbers & Steamfitters Local: 20 mo reserves · +2% margin earns a A on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Health & Welfare Fund of the Plumbers & Steamfitters Local— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Health & Welfare Fund of the Plumbers & Steamfitters Local: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Revenue grew from $6.1M (FY2013) to $8.4M (FY2024) across 12 reported years.
Financial snapshot
Operating margin
1.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$18.0M
Total liabilities
$3.9M
Net assets
$14.1M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $8,443,468▲0.6% | $8,300,505▲4.3% | $14,100,859▲3.5% | $18,019,557▲5.8% | 990 |
| 2023 | $8,394,233▼5.8% | $7,960,543▲9.6% | $13,617,812▲8.8% | $17,028,863▲6.7% | 990 |
| 2022 | $8,909,537▲1.2% | $7,262,430▲22.5% | $12,515,833▲9.4% | $15,954,273▲11.8% | 990 |
| 2021 | $8,803,996▲34.5% | $5,927,098▼11.4% | $11,436,164▲26.3% | $14,266,542▲29.3% | 990 |
| 2020 | $6,546,235▼6.2% | $6,691,414▼6.3% | $9,051,853▲9.5% | $11,036,038▲12.3% | 990 |
| 2019 | $6,979,401▼0.2% | $7,138,327▲32.9% | $8,263,394▼6.4% | $9,828,036▼2.4% | 990 |
| 2018 | $6,996,153▼9.3% | $5,373,197▼9.7% | $8,830,588▲22.9% | $10,074,270▲11.0% | 990 |
| 2017 | $7,710,357▲30.2% | $5,949,658▲25.9% | $7,182,359▲32.8% | $9,072,190▲49.9% | 990 |
| 2016 | $5,920,959▲1.8% | $4,726,036▼22.0% | $5,406,480▲31.2% | $6,050,415▲29.7% | 990 |
| 2015 | $5,817,296▲3.5% | $6,057,264▼15.5% | $4,120,219▼6.9% | $4,666,143▼7.1% | 990 |
| 2014 | $5,620,792▼7.5% | $7,164,327▲25.5% | $4,423,550▼25.8% | $5,023,435▼21.2% | 990 |
| 2013 | $6,074,731 | $5,709,598 | $5,958,750 | $6,371,224 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Data for Health & Welfare Fund of the Plumbers & Steamfitters Local (EIN 34-6545105) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.