TEXAS PIPE TRADES HEALTH BENEFIT P… - Form 990 Financial Data

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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

1979

Legal Domicile

Principal Officer

J B KIRK

Phone

9729439559

Tax Period

2022-07-01 to 2023-06-30

TEXAS PIPE TRADES HEALTH BENEFIT PLAN, founded in 1979, is a mid-sized nonprofit that reported $43.0M in total revenue in fiscal year 2022. The organization ran a surplus of $7.8M, a strong 18% operating margin.

Mission

PROVIDING MEMBERS WITH HEALTH, LIFE & DISABILITY BENEFITS.

Program Service Accomplishments

Program 1

Expenses: $34,297,022 Revenue: $42,197,881

HEALTH CLAIMS AND INSURANCE PREMIUMS PAID TO AND FOR THE BENEFIT OF MEMBERS OF MEMBER UNIONS PARTICIPATING IN THE TEXAS PIPE TRADES HEALTH BENEFIT PLAN.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $42,191,777

Investment Income $780,104

Other Revenue $0

TOTAL REVENUE $42,971,881

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $34,297,022

Other Expenses $3,143,140

TOTAL EXPENSES $35,164,507

Year-over-Year Comparison

	2022	2021	Change
Revenue	$42,971,881	$45,000,190	0.0%
Expenses	$35,164,507	$36,328,375	0.0%
Net Income	$7,807,374	$8,671,815	-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

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
JB KIRK	TRUSTEE	2.00	Officer Director	$0	$0	$0
CLYFF CURRY	TRUSTEE	2.00	Officer Director	$0	$0	$0
JOHN ANTHONY	TRUSTEE	2.00	Officer Director	$0	$0	$0
BOBBY GRIMES	TRUSTEE	2.00	Officer Director	$0	$0	$0
CALVIN JENNINGS	TRUSTEE	2.00	Officer Director	$0	$0	$0
WAYDE DUNCAN	TRUSTEE	2.00	Officer Director	$0	$0	$0
CHROSTOPHER NEWELL	TRUSTEE	2.00	Officer Director	$0	$0	$0
MARK KELLY	TRUSTEE	2.00	Officer Director	$0	$0	$0
KEVIN P CRUSO	TRUSTEE	2.00	Officer Director	$0	$0	$0
KENNETH TODD	TRUSTEE	2.00	Officer Director	$0	$0	$0
BEN BRADSHAW	TRUSTEE	2.00	Officer Director	$0	$0	$0
MIKE ARTHURS	TRUSTEE	2.00	Officer 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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$42,971,881	$35,164,507	$38,196,088	$7,807,374
2022	$45,000,190	$36,328,375	$30,354,587	$8,671,815
2021	$27,359,559	$21,480,796	$26,517,688	$5,878,763
2020	$23,448,721	$21,362,245	$20,222,219	$2,086,476
2019	$24,666,075	$23,440,160	$19,772,732	$1,225,915
2018	$19,304,766	$22,358,829	$16,963,599	$-3,054,063

TEXAS PIPE TRADES HEALTH BENEFIT PLAN