PIPING INDUSTRY TRAINING CENTER

EIN: 346563654 501(c)(3) Employment

NORTHWOOD, OH

Total Revenue
$2,966,411
Total Expenses
$1,889,838
Total Assets
$8,435,920
Net Assets
$8,438,292
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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
1968
Legal Domicile
OH
Principal Officer
EDWARD VAN ATTA
Phone
4196667482
Tax Period
2024-07-01 to 2025-06-30

PIPING INDUSTRY TRAINING CENTER, founded in 1968, is a community nonprofit in the Employment sector that reported $3.0M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. The organization ran a surplus of $1.1M, a strong 36% operating margin.

Mission

PROVIDE QUALITY TRAINING IN THE PRACTICAL AND TECHNICAL ASPECTS OF THE TRADE, PREPARE THE GRADUATES TO SUCCEED BY MEETING THE NEEDS OF THEIR EMPLOYERS AND THE INDUSTRY SERVED AND PROMOTE PROFESSIONALISM AND A POSITIVE IMAGE NOT ONLY WITHIN THE TRADE, BUT TO THE PUBLIC.

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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 $0
Program Service Revenue $2,793,229
Investment Income $154,613
Other Revenue $18,569
TOTAL REVENUE $2,966,411

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,055,322
Fundraising Expenses $0
Program Expenses $1,065,659
Other Expenses $834,516
TOTAL EXPENSES $1,889,838

Year-over-Year Comparison

2024 2023 Change
Revenue $2,966,411 $3,272,281 -0.1%
Expenses $1,889,838 $1,679,794 +0.1%
Net Income $1,076,573 $1,592,487 -0.3%
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
10
Independent Members
10
Employees
119
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
1
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHAD BOLANDER TRUSTEE 0.50
Director
$0 $0 $0
KENNETH CAMPBELL TRUSTEE 0.50
Director
$0 $0 $0
GEORGE CHILDRESS CHAIRMAN 0.50
Officer Director
$0 $0 $0
MATT EARL TRUSTEE 0.50
Director
$0 $0 $0
ANTHONY ESPOSITO TRUSTEE 0.50
Director
$0 $0 $0
ERIC OSBORN TRUSTEE 0.50
Director
$0 $0 $0
PAUL PERRY TRUSTEE 0.50
Director
$0 $0 $0
ANNE SALOFF TRUSTEE 0.50
Director
$0 $0 $0
BOBBIE STRAYER TRUSTEE 0.50
Director
$0 $0 $0
ROB VOIGHT TRUSTEE 0.50
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 $2,966,411 $1,889,838 $8,435,920 $1,076,573
2024 $3,272,281 $1,679,794 $7,251,105 $1,592,487
2023 $1,504,233 $1,755,271 $5,528,673 $-251,038
2022 $1,394,989 $1,603,111 $5,714,300 $-208,122
2021 $1,134,448 $1,619,814 $6,156,602 $-485,366
2020 $2,031,121 $1,423,151 $6,360,959 $607,970
2019 $1,308,475 $1,397,432 $5,707,127 $-88,957
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