PIPE TRADES SERVICES MN RETIREE HEALTH FUND (EIN 161657260) - Form 990 Financial Analysis & Trantor Score

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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

2003

Legal Domicile

Principal Officer

GARY THADEN

Phone

6516454540

Tax Period

2023-01-01 to 2023-12-31

PIPE TRADES SERVICES MN RETIREE HEALTH FUND, founded in 2003, is a mid-sized nonprofit in the Mutual Benefit sector that reported $18.4M in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. The organization ran a surplus of $6.3M, a strong 34% operating margin.

Mission

PROVIDING WELFARE BENEFITS IN THE FORM OF A CREDIT TOWARD THE COST OF RETIREE HEALTH COVERAGE FOR RETIRED MEMBERS OF THE PIPING INDUSTRY.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $9,665,438

Investment Income $8,767,770

Other Revenue $0

TOTAL REVENUE $18,433,208

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,069,725

TOTAL EXPENSES $12,181,645

Year-over-Year Comparison

	2023	2022	Change
Revenue	$18,433,208	$20,175,742	-0.1%
Expenses	$12,181,645	$11,767,674	+0.0%
Net Income	$6,251,563	$8,408,068	-0.3%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE TIEVA	CHAIR	2.00	Officer Director	$0	$0	$0
SAM ARNOLD	CO-CHAIR	2.00	Officer Director	$0	$0	$0
DOUG JONES	TRUSTEE	2.00	Director	$0	$0	$0
JOE LANE	TRUSTEE	2.00	Director	$0	$0	$0
MATT MARQUIS	TRUSTEE	2.00	Director	$0	$0	$0
JEREMY MILLER BEG - 12023	TRUSTEE	2.00	Director	$0	$0	$0
KRISTIN OLSON THRU - 112023	TRUSTEE	2.00	Director	$0	$0	$0
JAKE PETTIT	TRUSTEE	2.00	Director	$0	$0	$0
SCOTT SEATH	TRUSTEE	2.00	Director	$0	$0	$0
GARY THADEN	TRUSTEE	2.00	Director	$0	$0	$0

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
2024	No data	No data	No data	No data
2023	$18,433,208	$12,181,645	$278,953,216	$6,251,563
2022	$20,175,742	$11,767,674	$248,726,198	$8,408,068
2021	$30,258,981	$11,477,854	$289,075,105	$18,781,127
2020	$29,034,280	$11,105,351	$257,467,647	$17,928,929
2019	$16,537,767	$10,528,544	$232,985,648	$6,009,223
2018	$15,691,965	$10,331,409	$195,729,748	$5,360,556

PIPE TRADES SERVICES MN RETIREE HEALTH FUND