PIPING INDUSTRY PROMOTION AND EDUCATION FUND OF NEW ORLEANS (EIN 726028053) - 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

1962

Legal Domicile

Principal Officer

HENRY HEIER

Phone

5048223232

Tax Period

2024-07-01 to 2025-06-30

PIPING INDUSTRY PROMOTION AND EDUCATION FUND OF NEW ORLEANS, founded in 1962, is a small nonprofit that reported $491K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $475K left a modest 3% surplus.

Mission

THIS IS A NON-PROFIT TRUST WHOSE PURPOSE IS TO PROMOTE THE LEGITIMATE INTERESTS IF THE PIPING INDUSTRY THROUGH LAWFUL AND HONORABLE MEANS. IIT FOSTERS AND PROMOTES THE PIPING INDUSTRY BY MEANS OF PUBLIC, CUSTOMER AND EMPLOYER EDUCATION AND INFORMATION. BETTER UNDERSTANDING BETWEEN EMPLOYERS, EMPLOYEES, CUSTOMERS AND THE GENERAL PUBLIC.

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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 $454,126

Investment Income $36,929

Other Revenue $0

TOTAL REVENUE $491,055

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $474,916

TOTAL EXPENSES $474,916

Year-over-Year Comparison

	2024	2023	Change
Revenue	$491,055	$549,965	-0.1%
Expenses	$474,916	$615,762	-0.2%
Net Income	$16,139	$-65,797	-1.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
CHESTER A CABIRAC	TRUSTEE	Director	$0	$0	$0
PATRICK L GOOTEE	TRUSTEE	Director	$0	$0	$0
HENRY G HEIER	TRUSTEE	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	$491,055	$474,916	$1,027,588	$16,139
2024	$549,965	$615,762	$1,011,357	$-65,797
2023	$485,701	$476,407	$1,077,154	$9,294
2022	$491,131	$412,741	$1,067,860	$78,390
2021	$428,127	$348,869	$989,470	$79,258

PIPING INDUSTRY PROMOTION AND EDUCATION FUND OF NEW ORLEANS