PIPEFITTING INDUSTRY EDUCATIONAL TRUST FUND OF DETROIT AND VICINITY (EIN 386221933) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1936

Legal Domicile

Principal Officer

JAMES WILSON

Phone

2485850636

Tax Period

2023-01-01 to 2023-12-31

PIPEFITTING INDUSTRY EDUCATIONAL TRUST FUND OF DETROIT AND VICINITY, founded in 1936, is a community nonprofit that reported $2.8M in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $2.4M left a modest 14% surplus.

Mission

TRAINING SCHOOL - EDUCATION OF PIPEFITTERS

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $117,716

Program Service Revenue $2,636,260

Investment Income $47,231

Other Revenue $0

TOTAL REVENUE $2,801,207

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,309,190

Fundraising Expenses $0

Program Expenses $2,027,977

Other Expenses $1,093,990

TOTAL EXPENSES $2,403,180

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,801,207	$2,259,236	+0.2%
Expenses	$2,403,180	$2,134,838	+0.1%
Net Income	$398,027	$124,398	+2.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Total Directors

Key Employees

$177,409

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARL GROLLE	TRUSTEE	0.25	Officer Director	$0	$0	$0
GREG JOHNSON	TRUSTEE	0.25	Director	$0	$0	$0
JAMES WILSON	DIRECTOR	40.00	Key Emp Highest	$177,409	$0	$177,409
BILL HOLSOMBACK	TRUSTEE	0.25	Director	$0	$0	$0
LARRY KRISINSKI	TRUSTEE	0.25	Director	$0	$0	$0
CHRIS FREEMAN	TRUSTEE	0.25	Director	$0	$0	$0
JAKE REGITS	TRUSTEE	0.25	Officer Director	$0	$0	$0
RUDI DIAZ	TRUSTEE	0.25	Director	$0	$0	$0
TONY SIEVERT	TRUSTEE	0.25	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	No data	No data	No data	No data
2023	$2,801,207	$2,403,180	$4,590,151	$398,027
2022	$2,259,236	$2,134,838	$4,075,314	$124,398
2021	$2,886,532	$1,994,695	$3,921,834	$891,837
2020	$2,438,074	$1,925,027	$3,197,724	$513,047
2019	$2,220,370	$2,109,641	$2,521,798	$110,729
2018	$2,069,238	$2,108,573	$2,414,585	$-39,335

PIPEFITTING INDUSTRY EDUCATIONAL TRUST FUND OF DETROIT AND VICINITY