Pipe Trades Industry Health and Welfare Plan (EIN 351063466) - 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

1961

Legal Domicile

Principal Officer

Stephanie Morgan

Phone

8128772581

Tax Period

2024-07-01 to 2025-06-30

Pipe Trades Industry Health and Welfare Plan, founded in 1961, is a mid-sized nonprofit that reported $57.9M in total revenue in fiscal year 2024. The organization ran a surplus of $12.7M, a strong 22% operating margin.

Mission

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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $55,321,816

Investment Income $2,543,194

Other Revenue $0

TOTAL REVENUE $57,865,010

Expense Breakdown

Grants Paid $0

Salaries & Benefits $802,851

Fundraising Expenses $0

Program Expenses $45,124,007

Other Expenses $2,783,917

TOTAL EXPENSES $45,124,007

Year-over-Year Comparison

	2024	2023	Change
Revenue	$57,865,010	$53,888,157	+0.1%
Expenses	$45,124,007	$45,107,626	+0.0%
Net Income	$12,741,003	$8,780,531	+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

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

$175,194

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mark A Unger	Chairman	4.00	Officer Director	$0	$0	$0
Keith Murt	Trustee	2.00	Director	$0	$0	$0
Keith Kolb	Trustee	2.00	Director	$0	$0	$0
John Bates	Sec-Treasurer	4.00	Officer Director	$0	$0	$0
Derek Sanderson	Trustee	2.00	Director	$0	$0	$0
Troy Bennett	Trustee	2.00	Director	$0	$0	$0
Stephanie Morgan	Admin Manager	40.00	Officer	$134,349	$40,845	$175,194

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	$57,865,010	$45,124,007	$90,020,923	$12,741,003
2024	$53,888,157	$45,107,626	$73,888,464	$8,780,531
2023	$48,063,450	$38,138,854	$63,483,830	$9,924,596
2022	$42,721,485	$39,777,656	$52,358,000	$2,943,829
2021	$42,886,410	$35,335,241	$55,184,287	$7,551,169
2020	$42,466,810	$36,917,344	$45,984,789	$5,549,466
2019	$40,671,158	$37,539,098	$38,783,453	$3,132,060

Pipe Trades Industry Health and Welfare Plan