WISCONSIN PIPE TRADES HEALTH FUND (EIN 390852117) - 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

1952

Legal Domicile

Principal Officer

DOUG EDWARDS

Phone

4145773700

Tax Period

2023-01-01 to 2023-12-31

WISCONSIN PIPE TRADES HEALTH FUND, founded in 1952, is a mid-sized nonprofit that reported $40.5M in total revenue in fiscal year 2023.

Mission

TO PROVIDE BENEFITS TO ELIGIBLE MEMBERS

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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 $39,917,266

Investment Income $603,945

Other Revenue $0

TOTAL REVENUE $40,521,211

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $6,642,380

TOTAL EXPENSES $42,096,110

Year-over-Year Comparison

	2023	2022	Change
Revenue	$40,521,211	$37,750,179	+0.1%
Expenses	$42,096,110	$34,501,622	+0.2%
Net Income	$-1,574,899	$3,248,557	-1.5%

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

$280,683

Total Directors

$1,060,152

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOEL ZIELKE	LABOR SECRETARY/TREASURER	2.00	Officer Director	$0	$108,785	$280,683
BRIAN TOUTANT	LABOR TRUSTEE	2.00	Director	$0	$105,722	$265,230
DOUGLAS EDWARDS	LABOR TRUSTEE	2.00	Director	$0	$105,581	$264,591
JOSHUA BIRONG	LABOR TRUSTEE	2.00	Director	$0	$0	$128,961
ERIC STEIMLE	LABOR TRUSTEE	2.00	Director	$0	$0	$120,687
ED TONN JR	MANAGEMENT CHAIRMAN	2.00	Officer Director	$0	$0	$0
JONATHAN KOWALSKI	MANAGEMENT TRUSTEE	2.00	Director	$0	$0	$0
ROB JOSSART	MANAGEMENT TRUSTEE	2.00	Director	$0	$0	$0
JAMES COLWELL	MANAGEMENT TRUSTEE	2.00	Director	$0	$0	$0
MIKE GAGGIOLI	MANAGEMENT TRUSTEE	2.00	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	No data	No data	No data	No data
2023	$40,521,211	$42,096,110	$45,514,185	$-1,574,899
2022	$37,750,179	$34,501,622	$39,588,653	$3,248,557
2021	$39,016,670	$37,391,324	$39,829,983	$1,625,346
2020	$34,766,125	$31,904,388	$34,390,413	$2,861,737
2019	$34,969,630	$35,232,837	$29,565,302	$-263,207
2018	$34,648,782	$31,573,822	$27,973,537	$3,074,960

WISCONSIN PIPE TRADES HEALTH FUND