PIPE FITTERS LOCAL UNION NO 539

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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

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

LOCAL UNION

Program Service Accomplishments

Program 1

TO ORGANIZE ALL WORKERS FOR THE MORAL, ECONOMIC AND SOCIAL ADVANCEMENT OF THEIR CONDITION AND STATUS. TO PROTECT WORKERS IN THE PIPE FITTING INDUSTRY BY PROMOTING BETTER WAGES, BENEFITS AND WORKING...

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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 (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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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

$1,499,429

Total Directors

$3,450

Key Employees

Highest Compensated

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