PIPE FITTERS EDUCATIONAL TRAINING PROGRAM FUND NO 533 (EIN 440610083) - 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

1983

Principal Officer

KEVIN HENDRICKSON

Phone

8167618800

Tax Period

2024-05-01 to 2025-04-30

PIPE FITTERS EDUCATIONAL TRAINING PROGRAM FUND NO 533, founded in 1983, is a community nonprofit in the Employment sector that reported $7.2M in total revenue in fiscal year 2024. Revenue surged 116% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.8M, a strong 53% operating margin.

Mission

TRAINING PIPEFITTERS AND APPRENTICES.

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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 $7,045,286

Investment Income $202,779

Other Revenue $0

TOTAL REVENUE $7,248,065

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,942,278

Fundraising Expenses $0

Program Expenses $3,441,467

Other Expenses $1,499,189

TOTAL EXPENSES $3,441,467

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,248,065	$3,349,482	+1.2%
Expenses	$3,441,467	$2,663,143	+0.3%
Net Income	$3,806,598	$686,339	+4.5%

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

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

$514,062

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER MCGHEE	TRAINING COO	40.00	Key Emp	$162,852	$98,000	$260,852
PETE SMITH	ASSISTANT TR	40.00	Key Emp	$157,015	$96,195	$253,210
JIM DAHLIN	TRUSTEE	1.00	Director	$0	$0	$0
CLAYTON DANIELS	TRUSTEE	1.00	Director	$0	$0	$0
JUSTIN GUNTER	TRUSTEE	1.00	Director	$0	$0	$0
KEVIN HENDRICKSON	TRUSTEE	1.00	Director	$0	$0	$0
CAREY MINIHAN	TRUSTEE	1.00	Director	$0	$0	$0
TONY ROBERTS	TRUSTEE	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
2025	$7,248,065	$3,441,467	$10,428,424	$3,806,598
2024	$3,349,482	$2,663,143	$6,489,840	$686,339
2023	$2,129,684	$2,642,550	$5,515,225	$-512,866
2022	$1,758,322	$2,003,976	$5,849,634	$-245,654
2021	$1,826,461	$1,958,934	$6,174,223	$-132,473
2020	$1,822,432	$1,800,025	$6,307,749	$22,407
2019	$1,538,158	$1,848,039	$6,289,255	$-309,881

PIPE FITTERS EDUCATIONAL TRAINING PROGRAM FUND NO 533