Plumbers & Steamfitters Local Union #248 Health & Welfare Trust Fund
501(c)(9)
Only null% goes to programs Strong reserves Growing revenue
Plumbers & Steamfitters Local Union #248 Health & Welfare Trust Fund is a 501(c)(9) organization based in Lexington, Kentucky, registered in 1966, with $7,240,737 in FY2024 revenue. CharityIndex grades it C+.
230 Lexington Green Cir Ste 400, Lexington, KY, 40503 EIN 61-6038481 Since 1966
Revenue (FY2024)
$7.2M
▲ 3.2% vs prior year
Expenses (FY2024)
$6.6M
Net assets
$10.9M
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 Union #248 Health & Welfare Trust 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 rating20 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 & Steamfitters Local Union #248 Health & Welfare Trust Fund: 20 mo reserves · +9% 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 Union #248 Health & Welfare Trust 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 Union #248 Health & Welfare Trust 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 $4.5M (FY2016) to $7.2M (FY2024) across 9 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $62KNet assets $10.9M
Operating margin
9.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$11.0M
Total liabilities
$62K
Net assets
$10.9M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $7,240,737▲3.2% | $6,589,628▲4.9% | $10,933,871▲9.8% | $10,995,943▲10.0% | 990 |
| 2023 | $7,013,158▲16.6% | $6,280,951▲5.8% | $9,955,240▲14.1% | $9,998,208▲14.0% | 990 |
| 2022 | $6,013,484▲5.9% | $5,933,933▲10.9% | $8,725,867▼0.8% | $8,768,687▼0.7% | 990 |
| 2021 | $5,680,014▲11.6% | $5,350,669▲18.9% | $8,795,790▼1.7% | $8,830,490▼1.8% | 990 |
| 2020 | $5,087,959▼8.2% | $4,501,335▼6.0% | $8,952,192▲14.3% | $8,990,385▲14.3% | 990 |
| 2019 | $5,542,710▼4.3% | $4,791,078▲1.0% | $7,830,680▲16.1% | $7,866,125▲15.0% | 990 |
| 2018 | $5,792,184▲12.1% | $4,745,244▲11.1% | $6,745,596▲20.8% | $6,838,756▲21.4% | 990 |
| 2017 | $5,166,455▲14.8% | $4,270,824▼3.9% | $5,585,057▲18.8% | $5,632,764▲17.6% | 990 |
| 2016 | $4,501,493 | $4,444,911 | $4,700,552 | $4,788,769 | 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 Union #248 Health & Welfare Trust Fund a legitimate nonprofit?
- Yes. Plumbers & Steamfitters Local Union #248 Health & Welfare Trust Fund is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 61-6038481, based in Lexington, Kentucky.
- What is Plumbers & Steamfitters Local Union #248 Health & Welfare Trust Fund's EIN?
- Plumbers & Steamfitters Local Union #248 Health & Welfare Trust Fund's Employer Identification Number (EIN) is 61-6038481.
- How much revenue does Plumbers & Steamfitters Local Union #248 Health & Welfare Trust Fund report?
- Plumbers & Steamfitters Local Union #248 Health & Welfare Trust Fund reported $7,240,737 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Plumbers & Steamfitters Local Union #248 Health & Welfare Trust Fund have?
- CharityIndex grades Plumbers & Steamfitters Local Union #248 Health & Welfare Trust Fund C+, based on financial health (reserves and operating margin).
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Data for Plumbers & Steamfitters Local Union #248 Health & Welfare Trust Fund (EIN 61-6038481) 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.