PIPE FITTERS LOCAL NO 533 HEALTH & WELFARE PLAN (EIN 440651452) - 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

1954

Legal Domicile

Principal Officer

LUKE MOYLAN

Phone

8163610206

Tax Period

2024-06-01 to 2025-05-31

PIPE FITTERS LOCAL NO 533 HEALTH & WELFARE PLAN, founded in 1954, is a mid-sized nonprofit that reported $33.6M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $11.3M, a strong 34% operating margin.

Mission

TO PROVIDE HEALTH, LIFE & DEATH & DISMEMBERMENT BENEFITS TO UNION MEMBERS AND THEIR DEPENDENTS.

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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 $31,320,798

Investment Income $2,244,417

Other Revenue $8,008

TOTAL REVENUE $33,573,223

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,040,890

TOTAL EXPENSES $22,261,869

Year-over-Year Comparison

	2024	2023	Change
Revenue	$33,573,223	$31,012,246	+0.1%
Expenses	$22,261,869	$21,461,229	+0.0%
Net Income	$11,311,354	$9,551,017	+0.2%

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

$257,761

Total Directors

$531,654

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL W GOSSMAN	TRUSTEE, SECRETARY	1.00	Officer Director	$0	$0	$0
LUKE MOYLAN	TRUSTEE, CHAIRMAN	1.00	Officer Director	$0	$100,708	$257,761
BRYAN TAYLOR	TRUSTEE	1.00	Director	$0	$0	$0
CHRIS HUTCHINGS	TRUSTEE	1.00	Director	$0	$0	$0
JAMES KEVIN HENDRICKSON	TRUSTEE	1.00	Director	$0	$103,592	$273,893
JEREMIAH BULL	TRUSTEE	1.00	Director	$0	$0	$0
NIKOMA ARCHULETA	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	$33,573,223	$22,261,869	$76,081,994	$11,311,354
2024	$31,012,246	$21,461,229	$62,530,181	$9,551,017
2023	$25,386,151	$21,958,969	$48,554,971	$3,427,182
2022	$23,592,336	$21,369,275	$45,550,240	$2,223,061
2021	$23,134,367	$19,509,467	$46,459,102	$3,624,900
2020	$23,549,472	$19,246,448	$39,221,571	$4,303,024
2019	$22,367,539	$18,081,600	$34,228,352	$4,285,939
2018	$20,800,986	$18,021,565	$29,651,108	$2,779,421

PIPE FITTERS LOCAL NO 533 HEALTH & WELFARE PLAN