PIPEFITTERS ASSOCIATION LOCAL UNION 533 (EIN 440448095) - 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

1911

Legal Domicile

Principal Officer

JAMES HENDRICKSON

Phone

8165231533

Tax Period

2023-01-01 to 2023-12-31

PIPEFITTERS ASSOCIATION LOCAL UNION 533, founded in 1911, is a community nonprofit that reported $4.4M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $7.4M exceeded revenue, resulting in a 67% operating deficit.

Mission

TO IMPROVE WORKING CONDITIONS IN THE PIPEFITTING INDUSTRY AND PROTECT MEMBERS FROM UNJUST AND INJURIOUS CONDITIONS AND TO ASSIST MEMBERS IN SECURING AND STABILIZING EMPLOYMENT.

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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 $4,378,007

Investment Income $22,849

Other Revenue $0

TOTAL REVENUE $4,400,856

Expense Breakdown

Grants Paid $377,081

Salaries & Benefits $1,703,477

Fundraising Expenses $0

Program Expenses $7,281,614

Other Expenses $5,223,538

TOTAL EXPENSES $7,361,496

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,400,856	$3,698,899	+0.2%
Expenses	$7,361,496	$4,753,265	+0.5%
Net Income	$-2,960,640	$-1,054,366	+1.8%

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

N/A

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

$1,263,671

Total Directors

$274,300

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES HENDRICKSON	BUSINESS MAN	40.00	Officer	$165,358	$98,180	$263,538
LUKE MOYLAN	BUSINESS REP	40.00	Officer	$156,560	$96,274	$252,834
CHARLES J ROSEBURROUGH	FIN SEC/TREA	40.00	Officer Director	$152,229	$95,587	$247,816
TONY ROBERTS	BUSINESS REP	40.00	Officer	$152,119	$95,260	$247,379
JIM DAHLIN	ORGANIZER	40.00	Officer	$150,406	$95,502	$245,908
RICKY ALLEN	EXECUTIVE BO	1.00	Director	$4,946	$0	$4,946
PATRICK O'HARA	VICE PRESIDE	1.00	Officer Director	$4,946	$0	$4,946
SCOTT SCHOLLJEGERDES	EXECUTIVE BO	1.00	Director	$4,946	$0	$4,946
ANTHONY SEPER	EXECUTIVE BO	1.00	Director	$4,946	$0	$4,946
JONAS LOUGH	EXECUTIVE BO	1.00	Director	$4,050	$0	$4,050
AARON LANKFORD	RECORDING SE	1.00	Officer Director	$650	$0	$650
JAMES GRAYSON	PRESIDENT	1.00	Officer Director	$600	$0	$600
CODY MONTROY	INSIDE GUARD	1.00	Director	$500	$0	$500
BRAD ALESKI	FINANCE BOAR	1.00	Director	$300	$0	$300
ANDY CHAMBERS	FINANCE BOAR	1.00	Director	$300	$0	$300
JOE NOEL	FINANCE BOAR	1.00	Director	$300	$0	$300
STEPHEN ROCK JR	EXECUTIVE BO	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	No data	No data	No data	No data
2023	$4,400,856	$7,361,496	$8,184,068	$-2,960,640
2022	$3,698,899	$4,753,265	$8,875,232	$-1,054,366
2021	$3,105,023	$4,476,666	$9,184,568	$-1,371,643
2020	$3,186,449	$3,552,001	$10,258,005	$-365,552
2019	$3,352,958	$4,896,663	$11,393,648	$-1,543,705
2018	$3,225,171	$3,455,176	$11,856,768	$-230,005

PIPEFITTERS ASSOCIATION LOCAL UNION 533