PIPELINE INDUSTRY BENEFIT FUND

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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

RENEE VAUSE

Phone

9182804800

Tax Period

2024-01-01 to 2024-12-31

PIPELINE INDUSTRY BENEFIT FUND, founded in 1964, is a mid-sized nonprofit that reported $58.7M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. The organization ran a surplus of $15.8M, a strong 27% operating margin.

Mission

TO PROVIDE HEALTH AND DEATH BENEFITS COVERING ELIGIBLE PARTICIPANTS OF THE PLAN AND FOR MOST OF THESE BENEFITS, THEIR DEPENDENTS. TO PROVIDE HEALTH BENEFITS TO ELIGIBLE DISABLED AND RETIRED PARTICIPANTS AND WIDOWED SPOUSES OF ELIGIBLE, DISABLED AND RETIRED PARTICIPANTS.

Program Service Accomplishments

Program 1

Expenses: $25,290,820

HEALTH AND ACCIDENT

Program 2

Expenses: $4,902,455

HEALTH REIMBURSEMENT ARRANGEMENT (HRA) BENEFITS

Program 3

Expenses: $1,592,526

COBRA CLAIMS

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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 $55,832,282

Investment Income $2,892,067

Other Revenue $600

TOTAL REVENUE $58,724,949

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,960,847

Fundraising Expenses $0

Program Expenses $40,020,899

Other Expenses $-1,064,074

TOTAL EXPENSES $42,917,672

Year-over-Year Comparison

	2024	2023	Change
Revenue	$58,724,949	$63,835,653	-0.1%
Expenses	$42,917,672	$41,874,688	+0.0%
Net Income	$15,807,277	$21,960,965	-0.3%

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

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

$1,372,513

Total Directors

$996,323

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL HENDRIX	TRUSTEE, CO-CHAIRMAN	0.10	Officer Director	$0	$165,789	$491,221
JUSTIN WALLACE	TRUSTEE, SECRETARY	0.10	Officer Director	$0	$170,246	$505,102
KELLY OSBORN	TRUSTEE, CO-CHAIRMAN	0.10	Officer Director	$0	$0	$0
RONNIE WISE	TRUSTEE	0.10	Director	$0	$0	$0
ROBERT KIME	TRUSTEE	0.10	Director	$0	$0	$0
BOBBY POTEETE	TRUSTEE	0.10	Director	$0	$0	$0
RENEE VAUSE	DIRECTOR	40.00	Officer	$301,860	$74,330	$376,190
CHAD S WILLIAMS	PENSIONS & CONTRIBUTIONS M	40.00	Highest	$274,574	$72,441	$347,015
AMBER TROYER	CONTROLLER	40.00	Highest	$160,151	$65,647	$225,798
KIMBERLY BRASIOLA	CLAIMS MANAGER	40.00	Highest	$123,946	$62,791	$186,737
STEVE ROWDEN	OPERATIONS MANAGER	40.00	Highest	$130,914	$65,214	$196,128

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	$58,724,949	$42,917,672	$99,468,631	$15,807,277
2023	$63,835,653	$41,874,688	$83,505,583	$21,960,965
2022	$44,150,642	$49,238,000	$58,317,793	$-5,087,358
2021	$70,049,110	$57,508,450	$71,031,490	$12,540,660
2020	$45,968,953	$70,230,353	$56,481,854	$-24,261,400
2019	$62,222,394	$77,942,945	$78,338,495	$-15,720,551
2018	$82,405,104	$69,094,056	$96,146,342	$13,311,048