PIPE FITTERS TRAINING FUND LOCAL 597

EIN: 362536349

MOKENA, IL

Total Revenue
$31,503,413
Total Expenses
$28,289,923
Total Assets
$64,483,353
Net Assets
$61,485,749
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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
1949
Legal Domicile
IL
Principal Officer
CHRISTOPHER HERNANDEZ
Phone
7083269240
Tax Period
2023-01-01 to 2023-12-31

PIPE FITTERS TRAINING FUND LOCAL 597, founded in 1949, is a mid-sized nonprofit that reported $31.5M in total revenue in fiscal year 2023. Expenses of $28.3M left a modest 10% surplus.

Mission

TRAINING AND DEVELOPMENT OF SKILLS OF APPRENTICES AND JOURNEYMEN IN THE PIPE FITTING INDUSTRY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $674,762
Program Service Revenue $29,882,081
Investment Income $794,368
Other Revenue $152,202
TOTAL REVENUE $31,503,413

Expense Breakdown

Grants Paid $0
Salaries & Benefits $16,944,617
Fundraising Expenses $0
Other Expenses $11,345,306
TOTAL EXPENSES $28,289,923

Year-over-Year Comparison

2023 2022 Change
Revenue $31,503,413 $29,944,198 +0.1%
Expenses $28,289,923 $35,627,893 -0.2%
Net Income $3,213,490 $-5,683,695 -1.6%
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
8
Independent Members
7
Employees
885
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
0
$0
Total Directors
9
$255,764
Key Employees
1
$250,872
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARC PITTAS TRUSTEE 0.50
Director
$0 $0 $0
CHRISTOPHER HERNANDEZ TRUSTEE 0.50
Director
$0 $0 $0
MONTE KIMES TRUSTEE/TRAINING DIR-PAST 44.00
Director
$174,808 $80,956 $255,764
KATHY MCCAULEY TRUSTEE 0.50
Director
$0 $0 $0
BRIAN HELM TRUSTEE 0.50
Director
$0 $0 $0
DENNIS HAHNEY TRUSTEE 0.50
Director
$0 $0 $0
JOHN RAYBURN TRUSTEE 0.50
Director
$0 $0 $0
TIMOTHY GILLOOLEY TRUSTEE 0.50
Director
$0 $0 $0
JOSEPH VELLENGA TRUSTEE - NEW 0.50
Director
$0 $0 $0
JOSEPH BONATO TRAINING DIRECTOR - NEW 44.00
Key Emp
$169,716 $81,156 $250,872
GLEN BURCH INSTRUCTOR 40.00
Highest
$170,569 $86,252 $256,821
RICHARD GEBKA INSTRUCTOR 40.00
Highest
$166,087 $86,492 $252,579
RICHARD HOBSON INSTRUCTOR 40.00
Highest
$165,137 $86,309 $251,446
DANE HELLRIEGEL INSTRUCTOR 40.00
Highest
$167,987 $81,605 $249,592
CHRIS GRAVITT INSTRUCTOR 40.00
Highest
$163,244 $84,891 $248,135
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 $31,503,413 $28,289,923 $64,483,353 $3,213,490
2022 $29,944,198 $35,627,893 $59,160,127 $-5,683,695
2021 $30,663,437 $24,836,440 $67,804,506 $5,826,997
2020 $25,594,591 $17,339,023 $63,704,395 $8,255,568
2019 $26,587,900 $26,033,644 $55,247,258 $554,256
2018 $23,729,017 $23,172,198 $54,170,986 $556,819
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