PIPEFITTERS LOCAL UNION NO 537 EDUCATION TRUST FUND (EIN 824156294) - 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

1969

Legal Domicile

Principal Officer

DANIEL O'BRIEN

Phone

6178253777

Tax Period

2024-05-01 to 2025-04-30

PIPEFITTERS LOCAL UNION NO 537 EDUCATION TRUST FUND, founded in 1969, is a mid-sized nonprofit in the Education sector that reported $11.2M in total revenue in fiscal year 2024. The organization ran a surplus of $5.7M, a strong 51% operating margin.

Mission

NON-PROFIT ORGANIZATION WHICH PROVIDES TRAINING FOR PIPEFITTER APPRENTICES.

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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 $120,100

Program Service Revenue $9,733,789

Investment Income $1,013,684

Other Revenue $373,702

TOTAL REVENUE $11,241,275

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,852,006

Fundraising Expenses $0

Program Expenses $4,773,927

Other Expenses $2,661,218

TOTAL EXPENSES $5,513,224

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,241,275	$10,853,127	+0.0%
Expenses	$5,513,224	$5,413,491	+0.0%
Net Income	$5,728,051	$5,439,636	+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

$364,205

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BOB GALLAGHER	TRUSTEE	3.00	Director	$0	$0	$0
MIKE GRINNELL	TRUSTEE	3.00	Director	$0	$0	$0
TROY M DINAPOLI	TRUSTEE	3.00	Director	$0	$0	$0
BRIAN POTTER	TRUSTEE	3.00	Director	$0	$0	$0
JAMES O'BRIEN	TRUSTEE	3.00	Director	$0	$0	$0
DANIEL O'BRIEN	TRUSTEE	3.00	Director	$0	$0	$0
BRIAN NICHOLSON	TRUSTEE	3.00	Director	$0	$0	$0
JOHN KELLY	TRUSTEE	3.00	Director	$0	$0	$0
PAUL MCGRATH	TRAINING COORDINATOR	45.00	Officer	$219,051	$145,154	$364,205
PETER ANLWARD	INSTRUCTOR	40.00	Highest	$162,866	$75,002	$237,868
NEAL BARHIGHT	INSTRUCTOR	40.00	Highest	$162,609	$75,002	$237,611
PAUL KATAPODIS	INSTRUCTOR	40.00	Highest	$150,437	$75,002	$225,439
DANIEL MULLIGAN	INSTRUCTOR	40.00	Highest	$163,641	$75,002	$238,643

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	$11,241,275	$5,513,224	$64,429,377	$5,728,051
2024	$10,853,127	$5,413,491	$59,240,546	$5,439,636
2023	$10,528,341	$5,132,193	$54,214,328	$5,396,148
2022	$10,001,027	$4,810,815	$52,682,067	$5,190,212
2021	$8,543,656	$4,838,693	$51,603,213	$3,704,963
2020	$8,983,680	$4,820,108	$55,697,290	$4,163,572
2019	$9,342,648	$3,686,433	$61,165,319	$5,656,215

PIPEFITTERS LOCAL UNION NO 537 EDUCATION TRUST FUND