INTERNATIONAL PIPE TRADES JOINT TRAINING COMMITTEE INC (EIN 526047782) - 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

1950

Legal Domicile

Principal Officer

RAYMOND BOYD

Phone

3012181241

Tax Period

2024-01-01 to 2024-12-31

INTERNATIONAL PIPE TRADES JOINT TRAINING COMMITTEE INC, founded in 1950, is a community nonprofit in the Employment sector that reported $4.0M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.0M, a strong 49% operating margin.

Mission

CREATION AND SALE OF EDUCATIONAL MATERIALS TO APPRENTICE AND JOURNEYMAN PLUMBERS AND PIPEFITTERS.

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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 $98,625

Investment Income $1,088,058

Other Revenue $2,785,629

TOTAL REVENUE $3,972,312

Expense Breakdown

Grants Paid $0

Salaries & Benefits $695,929

Fundraising Expenses $0

Program Expenses $1,508,603

Other Expenses $1,323,006

TOTAL EXPENSES $2,018,935

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,972,312	$3,487,163	+0.1%
Expenses	$2,018,935	$2,286,071	-0.1%
Net Income	$1,953,377	$1,201,092	+0.6%

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

$453,080

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DALE HAWRYCHUK	DIRECTOR	1.00	Director	$0	$0	$0
JOSH SAVITZ	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW KELLY	DIRECTOR	1.00	Director	$0	$0	$0
RENEE FIORELLI	DIRECTOR	1.00	Director	$0	$0	$0
SHAUN SULLIVAN	DIRECTOR	1.00	Director	$0	$0	$0
STEVE STIMSON	DIRECTOR	1.00	Director	$0	$0	$0
RAYMOND W BOYD	PRESIDENT	1.00	Officer	$0	$112,354	$453,080
RUSSELL J BORST	TREASURER	1.00	Officer	$0	$0	$0
DEBORAH VUKOVICH	SECRETARY	1.00	Officer	$0	$0	$0
COREY GALL	VICE PRESIDENT	1.00	Officer	$0	$0	$0
JODY RALSTON	VICE PRESIDENT	1.00	Officer	$0	$0	$0
LANCE GUNNELLS	VICE PRESIDENT	1.00	Officer	$0	$0	$0
TERRIEA SMALLS	VICE PRESIDENT	1.00	Officer	$0	$0	$0
TONY FANELLI	VICE PRESIDENT	1.00	Officer	$0	$0	$0
WILLIAM BOYLE III	VICE PRESIDENT	1.00	Officer	$0	$0	$0
WILLIAM WRIGHT	VICE PRESIDENT	1.00	Officer	$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	$3,972,312	$2,018,935	$24,887,032	$1,953,377
2023	$3,487,163	$2,286,071	$22,806,553	$1,201,092
2022	$3,093,357	$2,179,003	$21,338,615	$914,354
2021	$2,589,804	$1,910,057	$20,473,868	$679,747
2020	$2,810,334	$1,869,349	$19,873,624	$940,985
2019	$3,321,935	$1,941,893	$18,741,017	$1,380,042
2018	$3,182,356	$1,834,198	$16,788,041	$1,348,158

INTERNATIONAL PIPE TRADES JOINT TRAINING COMMITTEE INC