PIPE TRADES TRUST OF THE NORTHERN ROCKY AREA HEALTH AND WELFARE TRUST FUND (EIN 816009567) - 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

1959

Legal Domicile

Principal Officer

JOHN BUKOVATZ

Phone

5094449641

Tax Period

2023-08-01 to 2024-07-31

PIPE TRADES TRUST OF THE NORTHERN ROCKY AREA HEALTH AND WELFARE TRUST FUND, founded in 1959, is a mid-sized nonprofit that reported $19.4M in total revenue in fiscal year 2023. Expenses of $17.4M left a modest 10% surplus.

Mission

PROVIDE HEALTH AND WELFARE BENEFITS TO UNION MEMBERS (ERISA TRUST)

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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 $18,549,949

Investment Income $863,232

Other Revenue $984

TOTAL REVENUE $19,414,165

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,546,381

TOTAL EXPENSES $17,420,392

Year-over-Year Comparison

	2023	2022	Change
Revenue	$19,414,165	$18,196,647	+0.1%
Expenses	$17,420,392	$16,814,668	+0.0%
Net Income	$1,993,773	$1,381,979	+0.4%

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

Volunteers

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
JOHN BUKOVATZ	CHAIRMAN	0.50	Officer Director	$0	$0	$0
ANDY MICKELSON	VICE CHAIRMAN	0.50	Officer Director	$0	$0	$0
RANDY NELSON	TREASURER	0.50	Officer Director	$0	$0	$0
CLINT MCCULLOCH	SECRETARY	0.50	Officer Director	$0	$0	$0
DURANT THOEN	TRUSTEE	0.50	Director	$0	$0	$0
SCOTT DICKINSON	TRUSTEE	0.50	Director	$0	$0	$0
DUANE JOHANNING	TRUSTEE	0.50	Director	$0	$0	$0
BRADLEY BLOTSKY	TRUSTEE	0.50	Director	$0	$0	$0
BRANDON SHAW	TRUSTEE	0.50	Director	$0	$0	$0
STAN STEVENS	TRUSTEE	0.50	Director	$0	$0	$0
KADE LIENEMANN	TRUSTEE	0.50	Director	$0	$0	$0
MARK JONES	TRUSTEE	0.50	Director	$0	$0	$0
CHRIS SCHAFF	TRUSTEE	0.50	Director	$0	$0	$0
KRISTIN LANE	TRUSTEE	0.50	Director	$0	$0	$0
DON HALVERSON SR	TRUSTEE	0.50	Director	$0	$0	$0
DON HALVERSON JR	TRUSTEE	0.50	Director	$0	$0	$0
QUINTON QUEER	TRUSTEE	0.50	Director	$0	$0	$0
AMY LOCKMER	TRUSTEE	0.50	Director	$0	$0	$0
KRISTEN SHOWALTER	PLAN ADMINISTRATOR	4.00	Officer	$0	$0	$0
DAVID KIMMET	PLAN ADMINISTRATOR	4.00	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	$19,414,165	$17,420,392	$28,348,190	$1,993,773
2023	$18,196,647	$16,814,668	$25,046,762	$1,381,979
2022	$17,208,519	$15,689,118	$23,834,032	$1,519,401
2021	$18,062,513	$16,560,677	$23,491,063	$1,501,836
2020	$17,600,975	$15,924,278	$21,334,030	$1,676,697
2019	$19,692,777	$15,515,954	$19,476,584	$4,176,823
2018	$18,243,234	$13,553,573	$15,102,449	$4,689,661

PIPE TRADES TRUST OF THE NORTHERN ROCKY AREA HEALTH AND WELFARE TRUST FUND