PIPE FITTING COUNCIL OF GREATER CH… - Form 990 Financial Data

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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

Legal Domicile

Phone

3123841220

Tax Period

2023-06-01 to 2024-05-31

PIPE FITTING COUNCIL OF GREATER CHICAGO is a community nonprofit in the Community Improvement sector that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 46% from the prior year, signaling strong growth momentum. The organization ran a surplus of $326K, a strong 25% operating margin.

Mission

TO IMPROVE COMMUNICATION BETWEEN REPRESENTITIVES OF LABOR AND MANAGEMENT,BY PROVIDING WORKERS AND EMPLOYERS A STRUCTURE TO SOLVE PROBLEMS,ALLOW WORKERS TO BE INVOLVED IN DECISIONS THAT EFFECT THERE LIVES ,SPONSOR PROGRAMS TO IMPROVE JOB SECURITY AND ENHANCE ECONOMIC AND COMMUNITY DEVELOPMENT

Program Service Accomplishments

Program 1

Expenses: $517,748

ESTABLISHMENT OF A DRUG TESTING PROGRAM TO IMPROVE OVERALL EFFICIENCY OF THE PIPE TRADES INDUSTRY

Program 2

Expenses: $459,695

PROMOTIONAL ACTIVITES INCLUDING SPONSORING PROGRAMS TO ENHANCE THE GENERAL WELFARE OF THE INDUSTRY AND ENGAGING IN PUBLIC EDUCATION

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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 $878,751

Investment Income $425,070

Other Revenue $0

TOTAL REVENUE $1,303,821

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $977,443

Other Expenses $977,443

TOTAL EXPENSES $977,443

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,303,821	$893,513	+0.5%
Expenses	$977,443	$725,159	+0.3%
Net Income	$326,378	$168,354	+0.9%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
DENNIS HAHNEY	Trustee	Director	$0	$0	$0
CHRIS HERNANDEZ	Trustee	Director	$0	$0	$0
MARC PITTAS	Secretary	Director	$0	$0	$0
JOE VELENGA	Trustee	Director	$0	$0	$0
KATHLEEN McCAULEY	Chairman	Director	$0	$0	$0
TIM GILLOOLEY	Trustee	Director	$0	$0	$0
BRIAN HELM	Trustee	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
2025	No data	No data	No data	No data
2024	$1,303,821	$977,443	$4,479,596	$326,378
2023	$893,513	$725,159	$4,110,618	$168,354
2022	$593,991	$715,915	$3,942,014	$-121,924
2021	$1,211,521	$307,605	$4,062,676	$903,916
2020	$1,048,810	$834,117	$3,162,006	$214,693
2019	$1,171,305	$896,408	$2,990,631	$274,897

PIPE FITTING COUNCIL OF GREATER CHICAGO