PIPING INDUSTRY COUNCIL OF THE ROCKFORD AREA TRUSTEES (EIN 510245295) - 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

1964

Legal Domicile

Principal Officer

RICHARD LUNDVALL

Phone

5633456450

Tax Period

2024-01-01 to 2024-12-31

PIPING INDUSTRY COUNCIL OF THE ROCKFORD AREA TRUSTEES, founded in 1964, is a small nonprofit that reported $400K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $359K left a modest 10% surplus.

Mission

TO PROVIDE EDUCATIONAL RESOURCES ON THE PIPING INDUSTRY.

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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 $378,445

Investment Income $21,424

Other Revenue $0

TOTAL REVENUE $399,869

Expense Breakdown

Grants Paid $1,250

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $359,476

Other Expenses $358,226

TOTAL EXPENSES $359,476

Year-over-Year Comparison

	2024	2023	Change
Revenue	$399,869	$360,935	+0.1%
Expenses	$359,476	$318,502	+0.1%
Net Income	$40,393	$42,433	0.0%

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

$92,090

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSH CERONI	1ST VICE PRESIDENT	1.50	Officer Director	$0	$0	$0
WILLIAM SPRAGUE	PRESIDENT	1.50	Officer Director	$0	$0	$0
JESSE ARNDT	2ND VICE PRESIDENT	1.50	Director	$0	$0	$0
JAMES ZWEEP	DIRECTOR	1.50	Director	$0	$0	$0
GREG HILL	SECRETARY/TREASURER	1.50	Officer Director	$0	$0	$0
BRIAN HELM	DIRECTOR	1.50	Officer Director	$0	$0	$0
KEVIN SCHIAVO	DIRECTOR	1.50	Director	$0	$0	$0
TODD DORN	DIRECTOR	1.50	Director	$0	$0	$0
SPENCER MEINERT	DIRECTOR	1.50	Director	$0	$0	$0
JAY DOYLE	DIRECTOR	1.50	Director	$0	$0	$0
RICHARD LUNDVALL	EXECUTIVE DIRECTOR	7.00	Officer	$0	$8,231	$92,090

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	No data	No data	No data	No data
2024	$399,869	$359,476	$863,292	$40,393
2023	$360,935	$318,502	$780,973	$42,433
2022	$301,768	$244,289	$684,992	$57,479
2021	$292,528	$198,579	$693,474	$93,949
2020	$251,047	$234,547	$574,121	$16,500
2019	$290,627	$291,265	$534,088	$-638
2018	$305,756	$280,467	$482,540	$25,289

PIPING INDUSTRY COUNCIL OF THE ROCKFORD AREA TRUSTEES