CONNECTICUT PIPE TRADES HEALTH FUND C/O CT PIPE TRADES ADMIN

EIN: 060660430

WETHERSFIELD, CT

Total Revenue
$40,102,087
Total Expenses
$32,365,689
Total Assets
$35,923,643
Net Assets
$30,378,501
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1951
Legal Domicile
CT
Principal Officer
CATRENA TALENTO
Phone
8605719191
Tax Period
2024-07-01 to 2025-06-30

CONNECTICUT PIPE TRADES HEALTH FUND C/O CT PIPE TRADES ADMIN, founded in 1951, is a mid-sized nonprofit that reported $40.1M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $7.7M, a strong 19% operating margin.

Mission

THE PURPOSE OF THE FUND IS TO PROVIDE HEALTH INSURANCE FOR ITS MEMBERS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $38,804,544
Investment Income $1,297,543
Other Revenue $0
TOTAL REVENUE $40,102,087

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,468,373
Fundraising Expenses $0
Program Expenses $29,175,967
Other Expenses $1,721,349
TOTAL EXPENSES $32,365,689

Year-over-Year Comparison

2024 2023 Change
Revenue $40,102,087 $35,213,961 +0.1%
Expenses $32,365,689 $39,151,212 -0.2%
Net Income $7,736,398 $-3,937,251 -3.0%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
10
Independent Members
10
Employees
19
Volunteers
10

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$136,376
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN FERRUCCI TRUSTEE 1.00
Director
$0 $0 $0
KRISTEN BRAINERD TRUSTEE 1.00
Director
$0 $0 $0
LOU FONDA TRUSTEE 1.00
Director
$0 $0 $0
JOHN HIGGINS JR TRUSTEE 10.00
Director
$0 $0 $0
MICHAEL LARSON TRUSTEE 10.00
Director
$0 $0 $0
MICHAEL ROSARIO TRUSTEE 10.00
Director
$0 $0 $0
EDWARD CARVAHLO TRUSTEE 1.00
Director
$0 $0 $0
ANTHONY CAMILLUCCI TRUSTEE 10.00
Director
$0 $0 $0
RICH MELO TRUSTEE 1.00
Director
$0 $0 $0
JOHN MORE TRUSTEE 10.00
Director
$0 $0 $0
CATRENA TALENTO EXECUTIVE DIRECTOR 10.00
Officer
$0 $0 $136,376
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $40,102,087 $32,365,689 $35,923,643 $7,736,398
2024 $35,213,961 $39,151,212 $27,794,633 $-3,937,251
2023 $33,118,532 $35,756,494 $30,075,823 $-2,637,962
2022 $32,139,606 $31,595,679 $32,683,017 $543,927
2021 $29,076,656 $28,784,782 $34,694,487 $291,874
2020 $30,054,782 $31,609,935 $33,884,962 $-1,555,153
2019 $35,195,995 $31,740,174 $34,830,096 $3,455,821
2018 $29,696,159 $30,926,314 $31,001,778 $-1,230,155
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