Natl Assoc of Pipe Coating Applicators (EIN 720677751) - 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

Phone

9796761075

Tax Period

2024-01-01 to 2024-12-31

Natl Assoc of Pipe Coating Applicators, founded in 1964, is a small nonprofit in the Community Improvement sector that reported $307K in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum.

Mission

NAPCA is the trade association for the plant pipe coating industry. Its primary purpose is the improvement of members that apply protective pipe coating to steel pipe for use in oil and gas pipeline construction or distribution.

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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 $77,116

Program Service Revenue $230,072

Investment Income $0

Other Revenue $0

TOTAL REVENUE $307,188

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,293

Fundraising Expenses $0

Program Expenses $247,260

Other Expenses $294,604

TOTAL EXPENSES $302,897

Year-over-Year Comparison

	2024	2023	Change
Revenue	$307,188	$254,115	+0.2%
Expenses	$302,897	$260,210	+0.2%
Net Income	$4,291	$-6,095	-1.7%

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
Amber Anderson	Director	1.00	Director	$0	$0	$0
Richard Drey	Director	1.00	Director	$0	$0	$0
Ted Freeman	Director	1.00	Director	$0	$0	$0
Adam Norris	Director	1.00	Director	$0	$0	$0
Albert Labasse	Director	0.00	Director	$0	$0	$0
Jeff Hallmark	President	2.00	Officer	$0	$0	$0
Matt Chestnut	Vice President	2.00	Officer	$0	$0	$0
Brandon Blair	Secretary	2.00	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	$316,900	$312,503	$21,587	$4,397
2024	$307,188	$302,897	$21,588	$4,291
2023	$254,115	$260,210	$17,189	$-6,095
2023	$256,913	$258,928	$17,190	$-2,015
2022	$271,667	$257,415	$23,500	$14,252
2021	$142,971	$170,142	$8,694	$-27,171
2020	$175,621	$166,208	$36,668	$9,413
2019	$318,015	$305,676	$26,580	$12,339
2018	$327,420	$309,796	$16,389	$17,624

Natl Assoc of Pipe Coating Applicators