BILLINGS PIPE TRADES APPRENTICE AN… - 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

Legal Domicile

Phone

4062529371

Tax Period

2024-08-01 to 2025-07-31

BILLINGS PIPE TRADES APPRENTICE AND JOURNEYMAN TRAINING FUND is a small nonprofit that reported $614K in total revenue in fiscal year 2024. Expenses of $542K left a modest 12% surplus.

Mission

Standardizing, improving, training and supervising instruction programs for apprentices and journeymen of the pipe trades profession in the Billings area.

Program Service Accomplishments

Program 1

Expenses: $541,967 Revenue: $614,216

Tested, trained and supervised instructional programs for apprentices and journeymen.

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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 $552,861

Investment Income $30,970

Other Revenue $30,385

TOTAL REVENUE $614,216

Expense Breakdown

Grants Paid $0

Salaries & Benefits $337,326

Fundraising Expenses $0

Program Expenses $541,967

Other Expenses $204,640

TOTAL EXPENSES $541,966

Year-over-Year Comparison

	2024	2023	Change
Revenue	$614,216	$588,342	+0.0%
Expenses	$541,966	$558,650	0.0%
Net Income	$72,250	$29,692	+1.4%

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

N/A

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

$206,026

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
Mykal Jorgenson	Coordinator	Officer	$137,430	$68,596	$206,026
Clint McCulloch	Trustee	Director	$0	$0	$0
Kevin Gentry	Trustee	Director	$0	$0	$0
Stanford Stevens	Trustee	Director	$0	$0	$0
Dan Glennon	Treasurer	Director	$0	$0	$0
Mark Jones	Trustee	Director	$0	$0	$0
Skylar Best	Trustee	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	$614,216	$541,966	$770,107	$72,250
2024	$588,342	$558,650	$702,740	$29,692
2023	$568,189	$472,320	$669,780	$95,869
2022	$373,935	$456,303	$573,856	$-82,368
2021	$392,363	$476,518	$662,116	$-84,155
2020	$311,842	$446,167	$766,282	$-134,325
2019	$570,654	$391,246	$877,277	$179,408

BILLINGS PIPE TRADES APPRENTICE AND JOURNEYMAN TRAINING FUND