PIPEFITTERS LOCAL NO 636 LOCAL NO 636 RETIREE INSURANCE FD

EIN: 376468197 Mutual Benefit

TROY, MI

Total Revenue
$11,297,837
Total Expenses
$7,560,035
Total Assets
$17,856,445
Net Assets
$17,593,262
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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
2010
Legal Domicile
MI
Principal Officer
LARRY KRISNISKI
Phone
2488139800
Tax Period
2023-09-01 to 2024-08-31

PIPEFITTERS LOCAL NO 636 LOCAL NO 636 RETIREE INSURANCE FD, founded in 2010, is a mid-sized nonprofit in the Mutual Benefit sector that reported $11.3M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $3.7M, a strong 33% operating margin.

Mission

THE PIPEFITTERS LOCAL 636 RETIREE INSURANCE FUND IS CRAFTED FOR THE PURPOSE OF PROVIDING HEALTH AND WELFARE BENEFITS TO THE MEMBERS AND THEIR BENEFICIARIES UNDER A COLLECTIVELY BARGAINED AGREEMENT, ON BEHALF OF THE PIPEFITTERS LOCAL NO. 636, IN COMPLIANCE WITH THE TAFT-HARTLEY ACT.

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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 $0
Program Service Revenue $10,834,488
Investment Income $463,349
Other Revenue $0
TOTAL REVENUE $11,297,837

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $394,605
TOTAL EXPENSES $7,560,035

Year-over-Year Comparison

2023 2022 Change
Revenue $11,297,837 $9,512,852 +0.2%
Expenses $7,560,035 $9,597,274 -0.2%
Net Income $3,737,802 $-84,422 -45.3%
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
6
Independent Members
3
Employees
N/A
Volunteers
6

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
2
$114,738
Total Directors
6
$342,341
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LARRY KRISNISKI CHAIRMAN N/A
Officer Director
$0 $0 $114,738
JAKE REGITS TRUSTEE N/A
Director
$0 $0 $114,114
ANTONI SIEVERT TRUSTEE N/A
Director
$0 $0 $113,489
MICHAEL FLESHER TRUSTEE N/A
Director
$0 $0 $0
CHRISTOPHER FREEMAN TRUSTEE N/A
Director
$0 $0 $0
JOHN GREEN SECRETARY N/A
Officer 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 $11,297,837 $7,560,035 $17,856,445 $3,737,802
2023 $9,512,852 $9,597,274 $13,575,269 $-84,422
2022 $9,840,281 $7,849,911 $13,627,990 $1,990,370
2021 $12,416,161 $8,510,116 $13,056,079 $3,906,045
2020 $10,887,487 $9,249,004 $8,607,533 $1,638,483
2019 $10,622,396 $9,110,753 $6,825,144 $1,511,643
2018 $11,291,408 $9,582,183 $5,291,323 $1,709,225
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