PIPELINE INDUSTRY BENEFIT FUND

EIN: 730742835

TULSA, OK

Total Revenue
$58,724,949
Total Expenses
$42,917,672
Total Assets
$99,468,631
Net Assets
$98,764,315
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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
OK
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

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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%)

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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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Governance

Voting Members
6
Independent Members
6
Employees
30
Volunteers
6

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
4
$1,372,513
Total Directors
6
$996,323
Key Employees
0
$0
Highest Compensated
4
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
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