Plumbers & Steamfitters Local Union 33
Legal name: Plumbers & Steamfitters Local Union No33 Health & Welfare Trust
Nonprofit profile at a glance
- EIN
- 420930021
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Des Moines, IA, US
- Phone
- 515-243-3244
- Rating
- 39
- Verdict
- REVIEW
- Rating confidence
- Moderate
Reported finances
- Revenue
- $32,488,264
- Expenses
- $25,252,612
- Assets
- $97,950,742
- Liabilities
- $36,385,174
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
Highest reported compensation
- JAMA BARBOUR (CHIEF OPER O): $220,740 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The plan and trust were established to provide medical, dental, short-term disability benefits, prescriptions, and death benefits to collectively bargained union plumbers & steamfitters in central & northern Iowa.
What it reported doing in 2024
To provide health care benefits to qualified participants and dependents in the central and northern Iowa plumbing industry.
Operating model
- Revenue model
- Earned-program. 90% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
REVIEW - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 60
- Accountability: 69
- Sustainability: 78
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: 0%; rating input score 0
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 2 of 8 controls in place; rating input score 25
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 22.3%; rating input score 84; 84th percentile among comparable filings
- Total-asset coverage ratio: 3.88; rating input score 81; 81st percentile among comparable filings
- Liabilities to assets ratio: 0.37; rating input score 39; 39th percentile among comparable filings
- Officer compensation ratio: 0.9%; rating input score 86; 86th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 6.5% per year; rating input score 100; 55th percentile among comparable filings
- Asset growth: 14.8% per year; rating input score 100; 80th percentile among comparable filings
Details
- What they do: 1 operating location identified
- Where the money goes: 0% of revenue deployed · 0% of spending went to programs
- Governance: 8 of 8 board members independent · 2 of 8 filing controls reported
- Programs: 2 filed program accomplishments
- Leadership: top reported pay $221K · 9 people listed · 0 of 6 pay-setting controls reported
- Highest-paid contractors: 1 contractor listed · $207K reported
- Consistency: 15 of 16 current checks pass · 1 finding to review
- Schedules: 4 filed schedules · includes executive pay
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 3 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 0/100.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Accountability: Governance controls: 6 of 8 not reported.
- Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
- Moderate — Sustainability: Liabilities to assets ratio scored 39/100.