PIPEFITTERS LOCAL NO 636 RETIREE INSURANCE FUND

EIN: 376468197 Mutual Benefit

TROY, MI

Total Revenue
$9,583,360
Total Expenses
$8,166,899
Total Assets
$19,458,953
Net Assets
$19,202,751
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
MI
Principal Officer
LARRY KRISNISKI
Phone
2488139800
Tax Period
2024-09-01 to 2025-08-31

PIPEFITTERS LOCAL NO 636 RETIREE INSURANCE FUND, founded in 2010, is a community nonprofit in the Mutual Benefit sector that reported $9.6M in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $8.2M left a modest 15% surplus.

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.

Program Service Accomplishments

Program 1

THE PIPEFITTERS LOCAL 636 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...

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THE PIPEFITTERS LOCAL 636 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-HARTLY 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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $8,910,323
Investment Income $673,037
Other Revenue $0
TOTAL REVENUE $9,583,360

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $426,917
TOTAL EXPENSES $8,166,899

Year-over-Year Comparison

2024 2023 Change
Revenue $9,583,360 $11,297,837 -0.2%
Expenses $8,166,899 $7,560,035 +0.1%
Net Income $1,416,461 $3,737,802 -0.6%
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

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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
6
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
3
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL FLESHER TRUSTEE 1.00
Director
$0 $0 $0
CHRISTOPHER FREEMAN TRUSTEE 1.00
Director
$0 $0 $0
JOHN GREEN SECRETARY 1.00
Officer Director
$0 $0 $0
DAN GURLEY TRUSTEE 1.00
Officer Director
$0 $0 $0
LARRY KRISNISKI CHAIRMAN 1.00
Officer Director
$0 $0 $0
JAKE REGITS TRUSTEE 1.00
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 $9,583,360 $8,166,899 $19,458,953 $1,416,461
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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