PIPE INDUSTRY HEALTH AND WELFARE F… - 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

1955

Legal Domicile

Principal Officer

GARY ARNOLD

Phone

8002572168

Tax Period

2023-01-01 to 2023-12-31

PIPE INDUSTRY HEALTH AND WELFARE FUND OF COLORADO, founded in 1955, is a mid-sized nonprofit that reported $44.8M in total revenue in fiscal year 2023.

Mission

TO PROVIDE INSURANCE COVERAGE TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS FROM CONTRIBUTIONS PAID IN ACCORDANCE WITH PLAN PROVISIONS.

Program Service Accomplishments

Program 1

TO PROVIDE INSURANCE COVERAGE TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS FROM CONTRIBUTIONS PAID IN ACCORDANCE WITH PLAN PROVISIONS.

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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 $44,076,161

Investment Income $706,435

Other Revenue $0

TOTAL REVENUE $44,782,596

Expense Breakdown

Grants Paid $0

Salaries & Benefits $580,120

Fundraising Expenses $0

Other Expenses $817,461

TOTAL EXPENSES $47,617,640

Year-over-Year Comparison

	2023	2022	Change
Revenue	$44,782,596	$42,021,979	+0.1%
Expenses	$47,617,640	$38,704,662	+0.2%
Net Income	$-2,835,044	$3,317,317	-1.9%

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

1160

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

$272,754

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN FLANAGAN	EXECUTIVE DIRECTOR	37.0	Key Emp	$228,122	$24,796	$272,754
DAVE DAVIA	trustee	1.0	Director	$0	$0	$0
DALE THROWER	TRUSTEE	1.0	Director	$0	$0	$0
Brian Almquist	TRUSTEE	1.0	Director	$0	$0	$0
GARY ARNOLD	TRUSTEE	1.0	Director	$0	$0	$0
JOE KOCOL	TRUSTEE	1.0	Director	$0	$0	$0
SEAN WYATT	TRUSTEE	1.0	Director	$0	$0	$0
RICHARD MARTIN	TRUSTEE	1.0	Director	$0	$0	$0
DAVID KIXMILLER	TRUSTEE	1.0	Director	$0	$0	$0
SCOTT MARSH	TRUSTEE	1.0	Director	$0	$0	$0
ALLEN C STONE	TRUSTEE	1.0	Director	$0	$0	$0
TODD VONLINTEL	TRUSTEE	1.0	Director	$0	$0	$0
DICK REIGLES	TRUSTEE	1.0	Director	$0	$0	$0
JOE MARTINEZ	TRUSTEE	1.0	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
2024	No data	No data	No data	No data
2023	$44,782,596	$47,617,640	$46,207,750	$-2,835,044
2022	$42,021,979	$38,704,662	$43,386,087	$3,317,317
2021	$38,277,102	$35,594,037	$41,749,242	$2,683,065
2020	$36,850,042	$32,734,588	$38,108,276	$4,115,454
2019	$33,561,872	$30,510,908	$32,897,726	$3,050,964
2018	$34,311,841	$30,581,715	$27,633,565	$3,730,126

PIPE INDUSTRY HEALTH AND WELFARE FUND OF COLORADO