PIPE FITTERS LOCAL UNION 430 HEALTH AND WELFARE FUND (EIN 730776131) - 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

1968

Legal Domicile

Principal Officer

MICHAEL SKINNER

Phone

9183886598

Tax Period

2024-01-01 to 2024-12-31

PIPE FITTERS LOCAL UNION 430 HEALTH AND WELFARE FUND, founded in 1968, is a mid-sized nonprofit that reported $11.4M in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.0M, a strong 35% operating margin.

Mission

MULTIEMPLOYER HEALTH AND WELFARE PLAN DESIGNED TO PROVIDE BENEFITS FOR ELIGIBLE PARTICIPANTS AND BENEFICIARIES AS SPECIFIED IN THE PLAN DOCUMENT.

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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 $10,887,369

Investment Income $526,981

Other Revenue $19,973

TOTAL REVENUE $11,434,323

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,419

Fundraising Expenses $0

Other Expenses $1,004,345

TOTAL EXPENSES $7,479,155

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,434,323	$8,447,225	+0.4%
Expenses	$7,479,155	$7,045,977	+0.1%
Net Income	$3,955,168	$1,401,248	+1.8%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL SKINNER	UNION TRUSTEE - SECRETARY	1.00	Director	$0	$0	$0
MICHAEL KUBALA	UNION TRUSTEE	1.00	Director	$0	$0	$0
LANDON VARNELL	UNION TRUSTEE	1.00	Director	$0	$0	$0
JOE WASHINGTON	UNION TRUSTEE	1.00	Director	$0	$0	$0
RICK SHOEMAKER JR	EMPLOYER TRUSTEE - CHAIRMA	1.00	Director	$0	$0	$0
SCOTT SODER	EMPLOYER TRUSTEE - VICE CH	1.00	Director	$0	$0	$0
DANIEL OWENS	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
BOBBY YORK JR	EMPLOYER TRUSTEE	1.00	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	$11,434,323	$7,479,155	$14,364,307	$3,955,168
2023	$8,447,225	$7,045,977	$10,271,718	$1,401,248
2022	$5,975,266	$6,082,531	$8,331,816	$-107,265
2021	$7,095,160	$6,181,900	$9,891,014	$913,260
2020	$6,630,056	$7,738,315	$8,674,676	$-1,108,259
2019	$8,907,310	$6,617,438	$10,530,705	$2,289,872
2018	$7,510,233	$8,653,422	$6,915,726	$-1,143,189

PIPE FITTERS LOCAL UNION 430 HEALTH AND WELFARE FUND