PIPE FITTERS LOCAL UNION #211 WELFARE TRUST FUND (EIN 746063911) - 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

Principal Officer

Bryan Edwards

Phone

7136439300

Tax Period

2023-01-01 to 2023-12-31

PIPE FITTERS LOCAL UNION #211 WELFARE TRUST FUND, founded in 1964, is a mid-sized nonprofit that reported $27.2M in total revenue in fiscal year 2023. The organization ran a surplus of $8.6M, a strong 31% operating margin.

Mission

Provision of health benefits for its members and their dependents.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $24,141,621

Investment Income $1,823,947

Other Revenue $1,197,588

TOTAL REVENUE $27,163,156

Expense Breakdown

Grants Paid $0

Salaries & Benefits $331,192

Fundraising Expenses $0

Program Expenses $17,955,871

Other Expenses $2,230,947

TOTAL EXPENSES $18,610,325

Year-over-Year Comparison

	2023	2022	Change
Revenue	$27,163,156	$25,692,465	+0.1%
Expenses	$18,610,325	$18,044,992	+0.0%
Net Income	$8,552,831	$7,647,473	+0.1%

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
BRYAN EDWARDS	TRUSTEE	0.00	Director	$0	$0	$0
Tony McCorvey	TRUSTEE	0.00	Director	$0	$0	$0
KENNETH WAYBRIGHT	TRUSTEE	0.00	Director	$0	$0	$0
Doug Gregory	TRUSTEE	0.00	Director	$0	$0	$0
MARK LETSOS	TRUSTEE	0.00	Director	$0	$0	$0
RICK BEELER	TRUSTEE	0.00	Director	$0	$0	$0
Octavio Rojas	TRUSTEE	0.00	Director	$0	$0	$0
Jeff Broussard	TRUSTEE	0.00	Director	$0	$0	$0
Randy Beal	COORDINATOR	40.00	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	No data	No data	No data	No data
2023	$27,163,156	$18,610,325	$45,168,969	$8,552,831
2022	$25,692,465	$18,044,992	$36,654,702	$7,647,473
2021	$27,170,628	$22,871,549	$29,818,184	$4,299,079
2020	$22,882,367	$17,473,377	$23,598,868	$5,408,990
2019	$26,142,941	$20,057,554	$19,495,989	$6,085,387
2018	$34,509,622	$23,488,991	$15,660,222	$11,020,631

PIPE FITTERS LOCAL UNION #211 WELFARE TRUST FUND