INVESTMENT TRUST FUND OF PIPEFITTERS LOCAL NO 392 (EIN 237166422) - 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

1972

Legal Domicile

Principal Officer

JEFFREY KIRBY

Phone

5132411760

Tax Period

2025-01-01 to 2025-12-31

INVESTMENT TRUST FUND OF PIPEFITTERS LOCAL NO 392, founded in 1972, is a micro nonprofit that reported $87K in total revenue in fiscal year 2025. The organization ran a surplus of $70K, a strong 81% operating margin.

Mission

THE ORGANIZATION HOLDS THE TITLE TO THE LAND AND BUILDING THAT IS OCCUPIED BY THE TAX-EXEMPT TRADE UNION.

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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 (2025)

Revenue Breakdown

Contributions & Grants $59,682

Program Service Revenue $0

Investment Income $46,267

Other Revenue $-18,841

TOTAL REVENUE $87,108

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,832

Fundraising Expenses $0

Other Expenses $15,032

TOTAL EXPENSES $16,864

Year-over-Year Comparison

	2025	2024	Change
Revenue	$87,108	$-32,243	-3.7%
Expenses	$16,864	$17,018	0.0%
Net Income	$70,244	$-49,261	-2.4%

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

N/A

Employees

Volunteers

N/A

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

$5,616

Total Directors

$216,002

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFREY KIRBY	FINANCIAL SE	1.00	Director	$0	$95,061	$203,843
ROBERT BAKER	TRUSTEE	1.00	Director	$414	$1,632	$6,041
KENNETH JACOBS JR	CHAIRMAN	1.00	Officer Director	$502	$771	$4,893
TIMOTHY CORCORAN	SECRETARY	1.00	Officer Director	$502	$0	$723
JOSHUA KRAMER	TRUSTEE	1.00	Director	$414	$0	$502

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	$87,108	$16,864	$5,135,884	$70,244
2024	$-32,243	$17,018	$4,965,469	$-49,261
2023	$-64,009	$17,089	$4,891,054	$-81,098
2022	$-32,477	$15,372	$4,847,785	$-47,849
2021	$60,086	$22,600	$5,045,866	$37,486
2020	$-66,961	$15,429	$5,015,162	$-82,390
2019	$19,502	$13,681	$4,968,552	$5,821
2018	$25,242	$21,440	$4,858,086	$3,802

INVESTMENT TRUST FUND OF PIPEFITTERS LOCAL NO 392