PIPE FABRICATION INSTITUTE

EIN: 250727205

OCEAN CITY, MD

Total Revenue
$348,014
Total Expenses
$506,849
Total Assets
$400,932
Net Assets
$400,932
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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
1943
Legal Domicile
MD
Principal Officer
GUY FORTIN
Phone
5145420897
Tax Period
2024-02-01 to 2025-01-31

PIPE FABRICATION INSTITUTE, founded in 1943, is a small nonprofit that reported $348K in total revenue in fiscal year 2024. Expenses of $507K exceeded revenue, resulting in a 46% operating deficit.

Mission

PROVIDE ENGINEERING AND METALURGICAL INFORMATION TO IMPROVE INDUSTRIAL HEALT AND RELATIONS.

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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 $148,400
Program Service Revenue $136,050
Investment Income $16,618
Other Revenue $46,946
TOTAL REVENUE $348,014

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $506,849
TOTAL EXPENSES $506,849

Year-over-Year Comparison

2024 2023 Change
Revenue $348,014 $346,400 +0.0%
Expenses $506,849 $330,772 +0.5%
Net Income $-158,835 $15,628 -11.2%
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
35
Independent Members
N/A
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
5
$0
Total Directors
46
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TIM MONDAY CHAIRMAN 0.25
Officer Director
$0 $0 $0
GREG HOWELL VICE CHAIRMAN 0.25
Officer Director
$0 $0 $0
STEVE HINSHAW TREASURER 0.25
Officer Director
$0 $0 $0
PETE FORTIN BOARD MEMBER 0.25
Director
$0 $0 $0
GREG MARTIN BOARD MEMBER 0.25
Director
$0 $0 $0
BOBBY GRIMES BOARD MEMBER 0.25
Director
$0 $0 $0
BOB HIGHTOWER BOARD MEMBER 0.25
Director
$0 $0 $0
ROBERT T ARMISTEAD BOARD MEMBER 0.25
Director
$0 $0 $0
TIM LARSEN BOARD MEMBER 0.25
Director
$0 $0 $0
JEFF GYRION BOARD MEMBER 0.25
Director
$0 $0 $0
KENNY CATCHOT BOARD MEMBER 0.25
Director
$0 $0 $0
TODD DOUGAN BOARD MEMBER 0.25
Director
$0 $0 $0
BRET DONNELLY BOARD MEMBER 0.25
Director
$0 $0 $0
MARK HABERMANN BOARD MEMBER 0.25
Director
$0 $0 $0
JON WILLIAMS BOARD MEMBER 0.25
Director
$0 $0 $0
BRUCE BONAR BOARD MEMBER 0.25
Director
$0 $0 $0
MICHAEL LACASSE BOARD MEMBER 0.25
Director
$0 $0 $0
STEVE JOHNSON BOARD MEMBER 0.25
Director
$0 $0 $0
DOUG BAREFOOT BOARD MEMBER 0.25
Director
$0 $0 $0
ROELAND HOEJE BOARD MEMBER 0.25
Director
$0 $0 $0
RJ JIM LONGO BOARD MEMBER 0.25
Director
$0 $0 $0
BO RICHARDSON BOARD MEMBER 0.25
Director
$0 $0 $0
BRIAN HOWE BOARD MEMBER 0.25
Director
$0 $0 $0
ROB MARTIN BOARD MEMBER 0.25
Director
$0 $0 $0
TONY AHERN BOARD MEMBER 0.25
Director
$0 $0 $0
MICHAEL R CABLES BOARD MEMBER 0.25
Director
$0 $0 $0
KEITH ATTEBERRY BOARD MEMBER 0.25
Director
$0 $0 $0
W GARY NICHOLS BOARD MEMBER 0.25
Director
$0 $0 $0
GREG LEHOCKY BOARD MEMBER 0.25
Director
$0 $0 $0
GARY STATDFIELD BOARD MEMBER 0.25
Director
$0 $0 $0
GREG HACKI BOARD MEMBER 0.25
Director
$0 $0 $0
RON BENSON BOARD MEMBER 0.25
Director
$0 $0 $0
ROBERT NARDEI BOARD MEMBER 0.25
Director
$0 $0 $0
GEORGE STULLER BOARD MEMBER 0.25
Director
$0 $0 $0
DAVE QUIRK BOARD MEMBER 0.25
Director
$0 $0 $0
MIKE ARCHER BOARD MEMBER 0.25
Director
$0 $0 $0
JEFF HUGGARD BOARD MEMBER 0.25
Director
$0 $0 $0
CLAYTON VERHAGEN BOARD MEMBER 0.25
Director
$0 $0 $0
BRETT LUNDIN BOARD MEMBER 0.25
Director
$0 $0 $0
SHERMAN L MATTOCKS BOARD MEMBER 0.25
Director
$0 $0 $0
JOHN PANETTI BOARD MEMBER 0.25
Director
$0 $0 $0
GREG WEINFURTER BOARD MEMBER 0.25
Director
$0 $0 $0
RICHARD WESTLAKE BOARD MEMBER 0.25
Director
$0 $0 $0
BOB GLASGOW BOARD MEMBER 0.25
Director
$0 $0 $0
DON JACKSON BOARD MEMBER 0.25
Director
$0 $0 $0
PATRICIA PENNEY-ROUZES BOARD MEMBER 0.25
Director
$0 $0 $0
GUY FORTIN EXECUTIVE DIRECTOR 2.50
Officer
$0 $0 $0
ROB COTTINGTON ESQ LEGAL COUNSEL 0.25
Officer
$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
2025 $348,014 $506,849 $400,932 $-158,835
2024 $346,400 $330,772 $559,767 $15,628
2023 $300,939 $353,151 $544,139 $-52,212
2022 $171,503 $157,304 $596,351 $14,199
2021 $267,596 $156,241 $582,152 $111,355
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