Plumbers & Pipefitters Local 525 Health & Welfare Fund
501(c)(9)
Only null% goes to programs Thin reserves Growing revenue
Plumbers & Pipefitters Local 525 Health & Welfare Fund is a 501(c)(9) organization based in Pleasanton, California, registered in 1974, with $43,188,370 in FY2024 revenue. CharityIndex grades it C.
7180 Koll Center Pkwy Ste 200, Pleasanton, CA, 94566 EIN 23-7283715 Since 1974
Revenue (FY2024)
$43.2M
▼ 26.9% vs prior year
Expenses (FY2024)
$31.7M
Net assets
-$151.8M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
—Program efficiency40% of the ratingNo expense breakdown in filings
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 Plumbers & Pipefitters Local 525 Health & Welfare Fund— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating0 mo reserves · +27% margin
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 Plumbers & Pipefitters Local 525 Health & Welfare Fund: 0 mo reserves · +27% margin earns a F on this criterion. See the exact thresholds →
BGovernance25% of the rating4 of 6 checks met
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. For Plumbers & Pipefitters Local 525 Health & Welfare Fund: 4 of 6 checks met earns a B on this criterion. See the exact thresholds →
BTransparency10% of the rating3 of 5 disclosure signals
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 Plumbers & Pipefitters Local 525 Health & Welfare Fund: 3 of 5 disclosure signals earns a B on this criterion. See the exact thresholds →
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Mission
To provide medical, disability, vision, dental and life insurance benefits to plan participants. the plan also pays for a substance abuse detection program.
Contact & location
- Address
- 7180 Koll Center Pkwy Ste 200, Pleasanton, CA, 94566
- City
- Pleasanton
- State
- California
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $18.3M (FY2013) to $43.2M (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $213.9MNet assets -$151.8M
Operating margin
26.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$62.1M
Total liabilities
$213.9M
Net assets
-$151.8M
Salaries & benefits
$0
0% of expenses
Board members
6
6 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $43,188,370▼26.9% | $31,667,344▼4.4% | -$151,799,123▲7.8% | $62,062,388▲7.0% | 990 |
| 2023 | $59,120,235▼45.2% | $33,130,670▲21.5% | -$164,709,322▲14.8% | $57,989,743▲14.1% | 990 |
| 2022 | $107,843,595▲345% | $27,267,468▼73.5% | -$193,377,797▲28.9% | $50,809,334▲1.2% | 990 |
| 2021 | $24,246,834▼9.5% | $102,849,268▲214% | -$271,858,434▼41.2% | $50,222,690▲1.1% | 990 |
| 2020 | $26,798,826▼3.2% | $32,772,825▼62.7% | -$192,492,139▼2.9% | $49,688,436▲8.3% | 990 |
| 2019 | $27,689,508▲99.4% | $87,860,920▲341% | -$187,016,089▼46.4% | $45,882,857▲24.0% | 990 |
| 2018 | $13,884,056▼41.7% | $19,933,254▲19.0% | -$127,756,351▼5.0% | $37,008,415▲6.1% | 990 |
| 2017 | $23,794,653▼39.6% | $16,754,414▲8.6% | -$121,710,170▲6.0% | $34,867,358▲7.0% | 990 |
| 2016 | $39,369,125▲141% | $15,428,517▼8.8% | -$129,528,269▲16.2% | $32,580,594▲7.7% | 990 |
| 2015 | $16,318,291▼10.7% | $16,920,084▼59.1% | -$154,543,685▼56.9% | $30,261,238▲2.2% | 990 |
| 2013 | $18,281,713 | $41,371,878▲295% | -$98,522,588▼36.4% | $29,613,520▲8.5% | 990 |
| 2011 | — | -$21,167,761▼209% | -$72,253,731▲31.2% | $27,291,389▼21.5% | 990 |
| 2010 | — | $19,467,133 | -$105,063,522 | $34,774,448 | 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.
Leadership & compensation (FY2024)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Chase Hoskins | Labor Trustee | 2 | — |
| Corey Doyne | Management Trustee | 2 | — |
| David Wood | Chair/labor Trustee | 2 | — |
| Eric Rubeck | Alternate Labor Trustee | 2 | — |
| Jeff Orr | Alternate Labor Trustee | 2 | — |
| Mandi Wilkins | Co-chair/management Trustee | 2 | — |
| Ryan Litster | Labor Trustee | 2 | — |
| Tim Walker | Alternate Management Trustee | 2 | — |
| Torey Mantor | Management Trustee | 2 | — |
| Tyler Bonwell | Alternate Management Trustee | 2 | — |
| William Hern | Alternate Labor Trustee | 2 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Marathon Health | Health Clinic Services | $3,300,427 |
| Benesys Administrators | Contract Administrator | $837,455 |
| Anthem Blue Cross Blue Shield | Claims Administration | $600,693 |
| Brownstein Hyatt Farber Schreck | Legal | $344,188 |
| Rubinbrown LLP | Accounting/audit | $237,036 |
Frequently asked questions
- Is Plumbers & Pipefitters Local 525 Health & Welfare Fund a legitimate nonprofit?
- Yes. Plumbers & Pipefitters Local 525 Health & Welfare Fund is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 23-7283715, based in Pleasanton, California.
- What is Plumbers & Pipefitters Local 525 Health & Welfare Fund's EIN?
- Plumbers & Pipefitters Local 525 Health & Welfare Fund's Employer Identification Number (EIN) is 23-7283715.
- How much revenue does Plumbers & Pipefitters Local 525 Health & Welfare Fund report?
- Plumbers & Pipefitters Local 525 Health & Welfare Fund reported $43,188,370 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Plumbers & Pipefitters Local 525 Health & Welfare Fund have?
- CharityIndex grades Plumbers & Pipefitters Local 525 Health & Welfare Fund C, based on financial health (reserves and operating margin).
- How much does Plumbers & Pipefitters Local 525 Health & Welfare Fund's highest-paid employee make?
- The highest reported compensation on Plumbers & Pipefitters Local 525 Health & Welfare Fund's latest Form 990 is $0, paid to Chase Hoskins (Labor Trustee).
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Data for Plumbers & Pipefitters Local 525 Health & Welfare Fund (EIN 23-7283715) 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.