Plumbers & Steamfitters Local 577 Health and Welfare Fund
501(c)(9)
Only null% goes to programs Strong reserves Growing revenue
Plumbers & Steamfitters Local 577 Health and Welfare Fund is a 501(c)(9) organization based in Lexington, Kentucky, registered in 1985, with $7,114,897 in FY2023 revenue. CharityIndex grades it C+.
230 Lexington Green Cir Ste 400, Lexington, KY, 40503 EIN 55-6097177 Since 1985
Revenue (FY2023)
$7.1M
▲ 9.9% vs prior year
Expenses (FY2023)
$6.9M
Net assets
$4.2M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
★★★★
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 →—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 & Steamfitters Local 577 Health and 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 →
AFinancial health25% of the rating7 mo reserves · +3% 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 & Steamfitters Local 577 Health and Welfare Fund: 7 mo reserves · +3% margin earns a A 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 & Steamfitters Local 577 Health and 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 & Steamfitters Local 577 Health and Welfare Fund: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue grew from $6.4M (FY2013) to $7.1M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $28KNet assets $4.2M
Operating margin
2.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$4.2M
Total liabilities
$28K
Net assets
$4.2M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $7,114,897▲9.9% | $6,918,736▲3.3% | $4,202,706▲10.1% | $4,230,432▲8.1% | 990 |
| 2022 | $6,474,696▼0.3% | $6,698,476▲2.9% | $3,816,175▼5.9% | $3,912,686▼9.4% | 990 |
| 2021 | $6,494,600▲11.4% | $6,511,385▼2.7% | $4,057,460▼11.1% | $4,317,190▼6.6% | 990 |
| 2020 | $5,832,446▼4.5% | $6,690,270▲2.5% | $4,561,530▼13.1% | $4,622,408▼12.9% | 990 |
| 2019 | $6,109,505▼0.4% | $6,525,004▲10.4% | $5,247,078▼4.2% | $5,308,166▼4.4% | 990 |
| 2018 | $6,132,229▲17.3% | $5,911,513▲10.2% | $5,478,494▲5.7% | $5,550,102▲6.0% | 990 |
| 2017 | $5,229,581▼6.2% | $5,362,624▲3.2% | $5,182,086▼3.1% | $5,236,557▼2.7% | 990 |
| 2016 | $5,573,240▼2.6% | $5,198,132▲15.0% | $5,347,810▲8.9% | $5,382,562▲8.4% | 990 |
| 2015 | $5,723,668▼3.5% | $4,519,015▼10.2% | $4,912,713▲32.8% | $4,966,629▲30.3% | 990 |
| 2014 | $5,932,794▼7.7% | $5,030,992▼1.5% | $3,699,377▲28.5% | $3,810,639▲22.2% | 990 |
| 2013 | $6,426,891 | $5,106,657▲4.9% | $2,877,950▲87.1% | $3,118,017▲65.4% | 990 |
| 2012 | — | $4,868,192▼23.5% | $1,538,076▲197% | $1,885,034▲112% | 990 |
| 2011 | — | $6,362,946▼3.5% | $517,703▼72.8% | $889,322▼54.3% | 990 |
| 2010 | — | $6,593,212▼20.5% | $1,902,046▼31.4% | $1,947,333▼30.6% | 990 |
| 2009 | — | $8,293,877 | $2,773,131 | $2,804,188 | 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 & Steamfitters Local 577 Health and Welfare Fund a legitimate nonprofit?
- Yes. Plumbers & Steamfitters Local 577 Health and Welfare Fund is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 55-6097177, based in Lexington, Kentucky.
- What is Plumbers & Steamfitters Local 577 Health and Welfare Fund's EIN?
- Plumbers & Steamfitters Local 577 Health and Welfare Fund's Employer Identification Number (EIN) is 55-6097177.
- How much revenue does Plumbers & Steamfitters Local 577 Health and Welfare Fund report?
- Plumbers & Steamfitters Local 577 Health and Welfare Fund reported $7,114,897 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Plumbers & Steamfitters Local 577 Health and Welfare Fund have?
- CharityIndex grades Plumbers & Steamfitters Local 577 Health and Welfare Fund C+, based on financial health (reserves and operating margin).
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Data for Plumbers & Steamfitters Local 577 Health and Welfare Fund (EIN 55-6097177) 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.