PIPING INDUSTRY DEVELOPMENT COUNCIL INC (EIN 410871366) - 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

1963

Legal Domicile

Principal Officer

JAKE HELGESON

Phone

6516336774

Tax Period

2022-01-01 to 2022-12-31

PIPING INDUSTRY DEVELOPMENT COUNCIL INC, founded in 1963, is a micro nonprofit that reported $93K in total revenue in fiscal year 2022. Revenue decreased 11% compared to the prior year. Expenses of $87K left a modest 7% surplus.

Mission

TO PROMOTE THE PLUMBING, HEATING, AND COOLING INDUSTRY WITHIN THE CONSTRUCTION INDUSTRY AND TO THE PUBLIC IN GENERAL.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $93,309

Investment Income $14

Other Revenue $0

TOTAL REVENUE $93,323

Expense Breakdown

Grants Paid $85,000

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,650

TOTAL EXPENSES $86,650

Year-over-Year Comparison

	2022	2021	Change
Revenue	$93,323	$105,130	-0.1%
Expenses	$86,650	$124,690	-0.3%
Net Income	$6,673	$-19,560	-1.3%

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

N/A

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUG JONES	DIRECTOR	1.00	Director	$0	$0	$0
TOM MURALT	DIRECTOR	1.00	Director	$0	$0	$0
JAKE HELGESON	PRESIDENT	1.00	Officer Director	$0	$0	$0
TROY SEITZ	DIRECTOR	1.00	Director	$0	$0	$0
MIKE VEIT	DIRECTOR	1.00	Director	$0	$0	$0
DAVID RADZIEJ	EXECUTIVE DIRECTOR	1.00		$0	$0	$80,385

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
2022	$93,323	$86,650	$27,818	$6,673
2021	$105,130	$124,690	$21,145	$-19,560
2020	$101,169	$128,302	$45,975	$-27,133
2019	$112,547	$158,942	$78,778	$-46,395
2018	$91,997	$146,443	$97,798	$-54,446

PIPING INDUSTRY DEVELOPMENT COUNCIL INC