Plumbers & Pipefitters Local Union 51-health & Welfare Fund
501(c)(9)
Only null% goes to programs Strong reserves
Plumbers & Pipefitters Local Union 51-health & Welfare Fund is a 501(c)(9) organization based in Riverside, Rhode Island, registered in 1998, with $12,185,958 in FY2022 revenue. CharityIndex grades it C+.
11 Hemingway Dr, Riverside, RI, 02915 EIN 05-0498023 Since 1998
Revenue (FY2022)
$12.2M
▼ 5.7% vs prior year
Expenses (FY2022)
$13.3M
Net assets
$16.1M
Employees
—
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 Union 51-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 →
B+Financial health25% of the rating15 mo reserves · -9% 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 Union 51-health & Welfare Fund: 15 mo reserves · -9% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
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 Plumbers & Pipefitters Local Union 51-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 →
DTransparency10% of the rating1 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 Union 51-health & Welfare Fund: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 11 Hemingway Dr, Riverside, RI, 02915
- City
- Riverside
- State
- Rhode Island
- Category
- —
- Subcategory
- —
- Website
- …
Financial trends
Revenue grew from $11.5M (FY2013) to $12.2M (FY2022) across 10 reported years.
Financial snapshot
Financial health & position (FY2022)
Liabilities $0Net assets $16.1M
Operating margin
-9.4%
Spent more than it raised in the latest fiscal year.
Total assets
$16.1M
Total liabilities
$0
Net assets
$16.1M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2022 | $12,185,958▼5.7% | $13,332,679▲3.4% | $16,115,500▼8.4% | $16,115,500▼8.4% | 990 |
| 2021 | $12,924,506▲3.0% | $12,892,633▲3.7% | $17,597,321▼10.0% | $17,597,321▼10.0% | 990 |
| 2020 | $12,548,834▼3.0% | $12,430,662▼1.9% | $19,556,883▲7.1% | $19,556,883▲7.1% | 990 |
| 2019 | $12,936,760▼3.5% | $12,664,976▲3.0% | $18,264,006▲1.5% | $18,264,006▲1.5% | 990 |
| 2018 | $13,405,960▲14.9% | $12,299,607▲10.3% | $17,992,222▲6.6% | $17,992,222▲6.6% | 990 |
| 2017 | $11,667,744▼7.2% | $11,155,581▲5.1% | $16,885,869▲3.1% | $16,885,869▲3.1% | 990 |
| 2016 | $12,579,216▲11.1% | $10,613,612▲8.3% | $16,373,706▲13.6% | $16,373,706▲13.6% | 990 |
| 2015 | $11,318,520▼0.3% | $9,799,995▲4.1% | $14,408,102▲10.4% | $14,408,102▲10.4% | 990 |
| 2014 | $11,355,173▼1.3% | $9,409,707▼2.9% | $13,046,937▲17.8% | $13,046,937▲16.6% | 990 |
| 2013 | $11,506,550 | $9,689,031▼11.3% | $11,074,993▲30.6% | $11,192,397▲31.9% | 990 |
| 2012 | — | $10,918,987▲3.8% | $8,482,441▲3.4% | $8,482,441▲3.4% | 990 |
| 2011 | — | $10,523,495▼9.4% | $8,206,251▲28.1% | $8,206,251▲28.1% | 990 |
| 2010 | — | $11,618,430 | $6,408,115 | $6,408,115 | 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.
Frequently asked questions
- Is Plumbers & Pipefitters Local Union 51-health & Welfare Fund a legitimate nonprofit?
- Yes. Plumbers & Pipefitters Local Union 51-health & Welfare Fund is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 05-0498023, based in Riverside, Rhode Island.
- What is Plumbers & Pipefitters Local Union 51-health & Welfare Fund's EIN?
- Plumbers & Pipefitters Local Union 51-health & Welfare Fund's Employer Identification Number (EIN) is 05-0498023.
- How much revenue does Plumbers & Pipefitters Local Union 51-health & Welfare Fund report?
- Plumbers & Pipefitters Local Union 51-health & Welfare Fund reported $12,185,958 in total revenue on its fiscal year 2022 IRS Form 990 filing.
- What financial grade does Plumbers & Pipefitters Local Union 51-health & Welfare Fund have?
- CharityIndex grades Plumbers & Pipefitters Local Union 51-health & Welfare Fund C+, based on financial health (reserves and operating margin).
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Data for Plumbers & Pipefitters Local Union 51-health & Welfare Fund (EIN 05-0498023) 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.