PIPE LINE INDUSTRY ADVANCEMENT FUND

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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

1974

Legal Domicile

Principal Officer

ELIZABETH WORRELL

Phone

5715702700

Tax Period

2023-01-01 to 2023-12-31

PIPE LINE INDUSTRY ADVANCEMENT FUND, founded in 1974, is a community nonprofit that reported $3.4M in total revenue in fiscal year 2023. Revenue surged 64% from the prior year, signaling strong growth momentum. The organization ran a surplus of $758K, a strong 22% operating margin.

Mission

THE PURPOSE OF THE TRUST FUND SHALL BE TO ADVANCE THE BEST INTERESTS OF THE MAINLINE PIPELINE CONSTRUCTION INDUSTRY BY ESTABLISHING GOOD PUBLIC RELATIONS, BY MARKET DEVELOPMENT, BY EDUCATION AND RESEARCH, BY NEGOTIATING FAIR AND EQUITABLE COLLECTIVE BARGAINING AGREEMENTS WITH REPRESENTATIVES OF EMPLOYEES ENGAGED IN THE INDUSTRY, BY ENCOURAGING AND DEVELOPING SAFETY, AND GENERALLY TO ENCOURAGE THE USE OF PLCA MEMBER OR OTHER CONTRIBUTING CONTRACTORS FOR THE CONSTRUCTION OF ALL MAINLINE PIPELINES.

Program Service Accomplishments

Program 1

LABOR NEGOTIATIONS AND OTHER MEETINGS

Program 2

WORK DEVELOPMENT AND INDUSTRY OUTREACH PROGRAMS

Program 3

CONVENTION AND MEETINGS FOR PIPE LINE CONTRACTORS

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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 $3,312,335

Investment Income $79,454

Other Revenue $0

TOTAL REVENUE $3,391,789

Expense Breakdown

Grants Paid $2,537,500

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $96,725

TOTAL EXPENSES $2,634,225

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,391,789	$2,062,862	+0.6%
Expenses	$2,634,225	$3,755,678	-0.3%
Net Income	$757,564	$-1,692,816	-1.4%

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

Employees

N/A

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

$921,691

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RONNIE WISE	CHARIMAN	1.00	Officer Director	$0	$0	$0
ROB RIESS	TRUSTEE	1.00	Director	$0	$0	$0
JIMMY CROTTS	TRUSTEE	1.00	Director	$0	$0	$0
ELIZABETH WORRELL	FUND ADMINISTRATOR	15.00	Officer	$0	$48,086	$573,086
KEVIN N BARRETT	EXECUTIVE DIRECTOR	15.00	Officer	$0	$49,823	$348,605
BRITTANI HEAD	ASSOCIATE LEGAL COUNSEL	10.00	Highest	$0	$34,447	$230,717
JENNIFER CHASE	DIRECTOR OF ADMINISTRATION	15.00	Highest	$0	$42,132	$227,792

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	$3,391,789	$2,634,225	$5,773,990	$757,564
2022	$2,062,862	$3,755,678	$5,016,426	$-1,692,816
2021	$3,081,211	$3,658,766	$6,709,242	$-577,555
2020	$1,478,071	$2,384,952	$7,286,797	$-906,881
2019	$2,500,379	$3,135,728	$7,275,326	$-635,349
2018	$4,578,292	$2,902,917	$6,986,210	$1,675,375