INDIANA STATE PIPE TRADES ASSOCIATION (EIN 350312151) - 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

1908

Legal Domicile

Principal Officer

KENT PROSSER

Phone

2604510120

Tax Period

2025-01-01 to 2025-12-31

INDIANA STATE PIPE TRADES ASSOCIATION, founded in 1908, is a community nonprofit that reported $4.0M in total revenue in fiscal year 2025. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $3.6M left a modest 9% surplus.

Mission

TRADE ASSOCIATION

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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 (2025)

Revenue Breakdown

Contributions & Grants $1,458,333

Program Service Revenue $2,303,573

Investment Income $60,207

Other Revenue $198,381

TOTAL REVENUE $4,020,494

Expense Breakdown

Grants Paid $16,497

Salaries & Benefits $2,275,413

Fundraising Expenses $0

Other Expenses $1,340,061

TOTAL EXPENSES $3,641,971

Year-over-Year Comparison

	2025	2024	Change
Revenue	$4,020,494	$3,229,635	+0.2%
Expenses	$3,641,971	$3,359,517	+0.1%
Net Income	$378,523	$-129,882	-3.9%

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

Employees

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

$238,326

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SALVADOR ESPINO	SECRETARY/TREASURER	2.00	Officer	$12,000	$3,000	$15,000
DON BOUGH	VICE PRESIDENT - PAST	1.00	Officer	$0	$0	$0
TIM O'HEARN	VICE PRESIDENT - PAST	1.00	Officer	$0	$0	$0
JOHN BATES	VICE PRESIDENT	1.00	Officer	$0	$0	$0
BILL FROEHLE	VICE PRESIDENT - PAST	1.00	Officer	$0	$0	$0
SCOTT LEWIS	VICE PRESIDENT	1.00	Officer	$0	$0	$0
DENNIS HAHNEY JR	VICE PRESIDENT	1.00	Officer	$0	$0	$0
DARREK DAVIS	EXECUTIVE DIRECTOR	6.00	Officer	$133,410	$74,916	$208,326
CHAD SCOTT	VICE PRESIDENT	1.00	Officer	$0	$0	$0
KENT PROSSER	PRESIDENT	5.00	Officer	$12,000	$3,000	$15,000
BRYAN LAROCHE	VICE PRESIDENT	1.00	Officer	$0	$0	$0
BROC BUCZOLICH	VICE PRESIDENT	1.00	Officer	$0	$0	$0
TROY BENNETT	VICE PRESIDENT	1.00	Officer	$0	$0	$0
JIM HARRIS	VICE PRESIDENT - NEW	1.00	Officer	$0	$0	$0
ROBERT STIENEKER	VICE PRESIDENT - NEW	1.00	Officer	$0	$0	$0
MATTHEW SMITH	ORGANIZER	40.00	Highest	$122,403	$85,120	$207,523
JOHN SEED	ORGANIZER	40.00	Highest	$122,403	$80,802	$203,205
MICHAEL LASKARIN	ORGANIZER	40.00	Highest	$105,453	$91,855	$197,308
GREGORY PIERLE	LEAD ORGANIZER	40.00	Highest	$124,968	$95,938	$220,906
JUSTIN SWARTZ	ORGANIZER	40.00	Highest	$122,403	$81,739	$204,142

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	$4,020,494	$3,641,971	$3,178,861	$378,523
2024	$3,229,635	$3,359,517	$2,631,742	$-129,882
2023	$3,036,124	$2,826,753	$2,631,457	$209,371
2022	$2,888,877	$2,734,876	$2,251,029	$154,001
2021	$2,866,113	$2,595,078	$2,379,283	$271,035
2020	$2,140,264	$2,020,083	$2,010,418	$120,181
2018	$1,870,753	$1,831,644	$1,785,727	$39,109

INDIANA STATE PIPE TRADES ASSOCIATION