ZUnclassifiedEIN: 050498023

Plumbers & Pipefitters Local Union 51-health & Welfare Fund

Riverside, Rhode Island

BHealth Score
62B

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Above Average

How This Organization Compares

Compared to 111 peers in Unclassified with $10M-$100M revenue

💰
$12.2M
Total Revenue
📊
$13.3M
Total Expenses
🏦
$16.1M
Net Assets
📋
N/A
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
-5.7%
Year-over-year change (2022 → 2023)
Net Margin
-9.4%
Revenue minus expenses as % of revenue

Filing History

12 filings on record
YearRevenueExpensesAssets
2023$12,185,9586%$13,332,6793%$16,115,5008%
2022$12,924,5063%$12,892,6334%$17,597,32110%
2021$12,548,8343%$12,430,6622%$19,556,8837%
2020$12,936,7603%$12,664,9763%$18,264,0062%
2019$13,405,96015%$12,299,60710%$17,992,2227%
2018$11,667,7447%$11,155,5815%$16,885,8693%
2017$12,579,21611%$10,613,6128%$16,373,70614%
2016$11,318,520$9,799,9954%$14,408,10210%
2015$11,355,1731%$9,409,7073%$13,046,93717%
2014$11,506,5504%$9,689,03111%$11,192,39732%
2013$11,110,44110%$10,918,9874%$8,482,4413%
2012$12,281,373$10,523,495$8,206,251

Frequently Asked Questions

What does Plumbers & Pipefitters Local Union 51-health & Welfare Fund do?

Plumbers & Pipefitters Local Union 51-health & Welfare Fund is a unclassified nonprofit organization based in Rhode Island. It is classified under NTEE code Z and is registered as a 501(c) tax-exempt organization with the IRS.

Is Plumbers & Pipefitters Local Union 51-health & Welfare Fund financially healthy?

Based on our 9-metric Financial Health Score model, Plumbers & Pipefitters Local Union 51-health & Welfare Fund has a score of 62/100 (Grade: B). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does Plumbers & Pipefitters Local Union 51-health & Welfare Fund generate?

Plumbers & Pipefitters Local Union 51-health & Welfare Fund reports $12.2M in annual revenue and holds $16.1M in total assets, based on IRS filings.

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