PIPE FITTERS 120 SUB FUND (EIN 237457119) - 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

1973

Legal Domicile

Principal Officer

DONALD OLS

Phone

2164473408

Tax Period

2023-01-01 to 2023-12-31

PIPE FITTERS 120 SUB FUND, founded in 1973, is a small nonprofit that reported $585K in total revenue in fiscal year 2023. The organization ran a surplus of $120K, a strong 21% operating margin.

Mission

TO PROVIDE FOR SUPPLEMENTAL UNEMPLOYMENT BENEFITS.

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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 $375,259

Investment Income $209,561

Other Revenue $0

TOTAL REVENUE $584,820

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $318,665

Other Expenses $146,059

TOTAL EXPENSES $464,724

Year-over-Year Comparison

	2023	2022	Change
Revenue	$584,820	$599,729	0.0%
Expenses	$464,724	$602,262	-0.2%
Net Income	$120,096	$-2,533	-48.4%

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

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

$252,049

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL HALL	TRUSTEE-UNION	1.00	Director	$0	$91,428	$241,636
MARTIN SOMERVILLE	TRUSTEE-UNION	1.00	Director	$0	$0	$9,538
ALLISTER BILLOW	TRUSTEE-UNION	1.00	Director	$0	$0	$875
DAVID KATZ	TRUSTEE-CONTRACTOR	1.00	Director	$0	$0	$0
TODD MCKEEVER	TRUSTEE-CONTRACTOR	1.00	Director	$0	$0	$0
ANNIE STERLE	TRUSTEE-CONTRACTOR	1.00	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	$584,820	$464,724	$9,219,771	$120,096
2022	$599,729	$602,262	$8,293,566	$-2,533
2021	$2,335,618	$790,960	$9,416,166	$1,544,658
2020	$1,263,220	$948,078	$9,008,872	$315,142
2019	$668,183	$664,560	$8,898,660	$3,623
2018	$1,759,672	$633,080	$8,059,807	$1,126,592

PIPE FITTERS 120 SUB FUND