PIPEFITTERS LOCAL NO 636 INSURANCE FUND (EIN 386447252) - 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

1982

Legal Domicile

Principal Officer

LARRY KRISNISKI

Phone

2488139800

Tax Period

2023-09-01 to 2024-08-31

PIPEFITTERS LOCAL NO 636 INSURANCE FUND, founded in 1982, is a mid-sized nonprofit that reported $29.2M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $28,382,287

Investment Income $719,796

Other Revenue $100,848

TOTAL REVENUE $29,202,931

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,641,305

TOTAL EXPENSES $29,218,793

Year-over-Year Comparison

	2023	2022	Change
Revenue	$29,202,931	$26,858,210	+0.1%
Expenses	$29,218,793	$25,509,554	+0.1%
Net Income	$-15,862	$1,348,656	-1.0%

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

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

$114,738

Total Directors

$228,227

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARRY KRISNISKI	CHAIRMAN	1.00	Officer Director	$0	$0	$114,738
ANTONI SIEVERT	TRUSTEE	1.00	Director	$0	$0	$113,489
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
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
2024	$29,202,931	$29,218,793	$30,340,932	$-15,862
2023	$26,858,210	$25,509,554	$25,894,306	$1,348,656
2022	$25,971,223	$24,506,882	$24,706,016	$1,464,341
2021	$25,211,655	$22,091,583	$23,454,814	$3,120,072
2020	$23,705,148	$21,846,470	$19,968,828	$1,858,678
2019	$23,811,016	$22,549,048	$17,706,197	$1,261,968
2018	$26,071,885	$23,279,818	$15,625,182	$2,792,067

PIPEFITTERS LOCAL NO 636 INSURANCE FUND