SOUTHEASTERN PIPETRADES HEALTH & WELFARE PLAN (EIN 581903188) - 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

1952

Legal Domicile

Principal Officer

RONNY E ANDREWS

Phone

6158590131

Tax Period

2024-01-01 to 2024-12-31

SOUTHEASTERN PIPETRADES HEALTH & WELFARE PLAN, founded in 1952, is a mid-sized nonprofit that reported $12.6M in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.4M, a strong 27% operating margin.

Mission

THE PROVISION OF BENEFITS TO PARTICIPANTS.

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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 $10,923,977

Investment Income $1,519,296

Other Revenue $170,447

TOTAL REVENUE $12,613,720

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,130,331

TOTAL EXPENSES $9,167,957

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,613,720	$10,267,569	+0.2%
Expenses	$9,167,957	$5,866,335	+0.6%
Net Income	$3,445,763	$4,401,234	-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

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RONNY E ANDREWS	CHAIRMAN	2.00	Officer Director	$0	$0	$0
JOE BOOHER	TRUSTEE	2.00	Director	$0	$0	$0
RANDY FRYE	TRUSTEE	2.00	Director	$0	$0	$0
KATRINA M IVEY	SECRETARY	2.00	Officer Director	$0	$0	$0
JOE RHODES	TRUSTEE	2.00	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	$12,613,720	$9,167,957	$26,074,552	$3,445,763
2023	$10,267,569	$5,866,335	$21,319,462	$4,401,234
2022	$6,987,594	$6,137,856	$16,509,780	$849,738
2021	$9,061,781	$6,141,690	$15,821,279	$2,920,091
2020	$6,769,256	$3,919,499	$11,589,622	$2,849,757
2019	$10,673,514	$7,597,643	$8,370,201	$3,075,871
2018	$4,366,608	$3,677,927	$5,395,595	$688,681

SOUTHEASTERN PIPETRADES HEALTH & WELFARE PLAN