PIPE TRADES TRUST OF THE NORTHERN … - 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

1959

Legal Domicile

Principal Officer

CLINT MCCULLOCH

Phone

5094449641

Tax Period

2024-08-01 to 2025-07-31

PIPE TRADES TRUST OF THE NORTHERN ROCKY AREA HEALTH AND WELFARE TRUST FUND, founded in 1959, is a mid-sized nonprofit that reported $23.9M in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE MEDICAL, DENTAL, VISION, DEATH AND DISABILITY BENEFITS TO COLLECTIVELY BARGAINED EMPLOYEES.

Program Service Accomplishments

Program 1

INCOME USED TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS AS SPECIFIED IN THE 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $22,589,946

Investment Income $1,263,640

Other Revenue $5,199

TOTAL REVENUE $23,858,785

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $5,859,394

TOTAL EXPENSES $24,128,788

Year-over-Year Comparison

	2024	2023	Change
Revenue	$23,858,785	$19,414,165	+0.2%
Expenses	$24,128,788	$17,420,392	+0.4%
Net Income	$-270,003	$1,993,773	-1.1%

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

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
CLINT MCCULLOCH	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
CHRIS SCHAFF	SECRETARY	0.50	Officer Director	$0	$0	$0
DUANE JOHANNING	TRUSTEE	0.50	Director	$0	$0	$0
DURANT THOEN	TRUSTEE	0.50	Director	$0	$0	$0
JEROME JOHNSON	TRUSTEE	0.50	Director	$0	$0	$0
SCOTT DICKINSON	TRUSTEE	0.50	Director	$0	$0	$0
KADE LIENEMANN	TRUSTEE	0.50	Director	$0	$0	$0
BRANDON SHAW	TRUSTEE	0.50	Director	$0	$0	$0
QUINTON QUEER	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
JOHN BUKOVATZ	TRUSTEE	0.50	Director	$0	$0	$0
MARK JONES	TRUSTEE	0.50	Director	$0	$0	$0
CALEB STAUB	TRUSTEE	0.50	Director	$0	$0	$0
AMY LOCKMER	TRUSTEE	0.50	Director	$0	$0	$0
STAN STEVENS	TRUSTEE	0.50	Director	$0	$0	$0
ANGELA GALLE	TRUSTEE	0.50	Director	$0	$0	$0
JAIME QUELLO	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
2025	$23,858,785	$24,128,788	$28,753,860	$-270,003
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