PIPE FITTERS LOCAL UNION NO 539

EIN: 410588270

MINNEAPOLIS, MN

Total Revenue
$5,014,981
Total Expenses
$4,064,814
Total Assets
$8,004,480
Net Assets
$7,968,347
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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
1911
Legal Domicile
MN
Principal Officer
RUSSELL SCHERBER
Phone
6123794711
Tax Period
2024-01-01 to 2024-12-31

PIPE FITTERS LOCAL UNION NO 539, founded in 1911, is a community nonprofit that reported $5.0M in total revenue in fiscal year 2024. The organization ran a surplus of $950K, a strong 19% operating margin.

Mission

LABOR UNION

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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 $4,703,607
Investment Income $294,217
Other Revenue $17,157
TOTAL REVENUE $5,014,981

Expense Breakdown

Grants Paid $36,233
Salaries & Benefits $1,819,766
Fundraising Expenses $0
Other Expenses $2,096,815
TOTAL EXPENSES $4,064,814

Year-over-Year Comparison

2024 2023 Change
Revenue $5,014,981 $4,650,675 +0.1%
Expenses $4,064,814 $3,822,780 +0.1%
Net Income $950,167 $827,895 +0.1%
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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Governance

Voting Members
5
Independent Members
2
Employees
26
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
20
$1,499,429
Total Directors
5
$3,450
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GENE HUSTED VICE PRESIDENT 1.00
Officer Director
$2,500 $0 $2,500
ANDY NOWAK EXECUTIVE BOARD 1.00
Officer Director
$600 $0 $600
ALEN STREFF EXECUTIVE BOARD 1.00
Officer Director
$350 $0 $350
KEVIN PISTER EXECUTIVE BOARD 1.00
Officer Director
$0 $0 $0
JUSTIN KLEINMAN EXECUTIVE BOARD 1.00
Officer Director
$0 $0 $0
RUSSELL SCHERBER BUSINESS MGR/FINANCIAL SECRETARY 60.00
Officer
$190,463 $184,973 $375,436
PAUL BATSCHE ASST BUSINESS MANAGER 45.00
Officer
$157,490 $123,526 $281,016
TIM BATSCHE PRESIDENT 1.00
Officer
$2,634 $0 $2,634
MIKE SCHERBER RECORDING SECRETARY 1.00
Officer
$0 $0 $0
SHAWN COLLETTE FINANCE COMMITTEE 1.00
Officer
$750 $0 $750
CHAD JACOBSEN FINANCE COMMITTEE-PAST 1.00
Officer
$400 $0 $400
TODD REITER FINANCE COMMITTEE 1.00
Officer
$750 $0 $750
BRIAN WIDI FINANCE COMMITTEE 1.00
Officer
$0 $0 $0
PAUL MAURICE EXAMINING BOARD 1.00
Officer
$50 $0 $50
SARAH PADOVESE EXAMINING BOARD 1.00
Officer
$2,123 $0 $2,123
REBECCA SCHOLL EXAMINING BOARD 1.00
Officer
$0 $0 $0
CHRIS PROSE INSIDE GUARD 1.00
Officer
$0 $0 $0
JACOB PETTIT BUSINESS AGENT 45.00
Officer
$141,370 $134,511 $275,881
BRANDON SCHAUER BUSINESS AGENT 45.00
Officer
$153,214 $125,628 $278,842
TERRY SCHERBER BUSINESS AGENT 45.00
Officer
$145,365 $132,732 $278,097
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 $5,014,981 $4,064,814 $8,004,480 $950,167
2023 $4,650,675 $3,822,780 $7,051,202 $827,895
2022 $4,417,569 $4,006,635 $6,222,250 $410,934
2021 $4,123,135 $3,527,580 $5,813,912 $595,555
2020 $3,898,693 $3,641,435 $5,213,866 $257,258
2019 $4,156,851 $3,780,577 $4,985,574 $376,274
2018 $3,950,689 $3,668,928 $4,557,955 $281,761
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