PIPE FITTERS LOCAL 120 INSURANCE FUND (EIN 340747441) - 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

1953

Legal Domicile

Principal Officer

DONALD OLS

Phone

2164474480

Tax Period

2023-01-01 to 2023-12-31

PIPE FITTERS LOCAL 120 INSURANCE FUND, founded in 1953, is a mid-sized nonprofit that reported $20.0M in total revenue in fiscal year 2023. Expenses of $19.1M left a modest 5% surplus.

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS TO MEMBERS.

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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 $19,274,057

Investment Income $730,712

Other Revenue $0

TOTAL REVENUE $20,004,769

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $17,897,736

Other Expenses $1,191,103

TOTAL EXPENSES $19,088,839

Year-over-Year Comparison

	2023	2022	Change
Revenue	$20,004,769	$18,545,143	+0.1%
Expenses	$19,088,839	$16,854,905	+0.1%
Net Income	$915,930	$1,690,238	-0.5%

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

$261,026

Total Directors

$368,619

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONALD OLS	FUND MGR & FIN SECY-TREAS	1.00	Officer	$0	$94,947	$261,026
DAN GALLAGHER	TRUSTEE-UNION	1.00	Director	$0	$91,428	$241,296
PATRICK COOK	TRUSTEE-UNION	1.00	Director	$0	$44,380	$122,411
JOSEPH FRASER	TRUSTEE-UNION	1.00	Director	$0	$0	$4,912
ANDREW HIRKO	TRUSTEE-CONTRACTOR	1.00	Director	$0	$0	$0
DAVID KATZ	TRUSTEE-CONTRACTOR	1.00	Director	$0	$0	$0
DAN KRONENFELD	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	$20,004,769	$19,088,839	$30,278,534	$915,930
2022	$18,545,143	$16,854,905	$27,032,013	$1,690,238
2021	$17,410,699	$16,981,061	$27,026,401	$429,638
2020	$16,911,909	$14,812,977	$25,953,450	$2,098,932
2019	$19,014,831	$16,442,336	$22,766,048	$2,572,495
2018	$18,417,306	$16,271,086	$18,846,105	$2,146,220

PIPE FITTERS LOCAL 120 INSURANCE FUND