PIPE INDUSTRY EDUCATION & TRAINING FUND (EIN 846038302) - 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

1974

Legal Domicile

Principal Officer

HAROLD THROWER

Phone

7194739690

Tax Period

2024-07-01 to 2025-06-30

PIPE INDUSTRY EDUCATION & TRAINING FUND, founded in 1974, is a community nonprofit in the Employment sector that reported $1.8M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $1.7M left a modest 6% surplus.

Mission

LICENSING AND TRAINING OF UNION MEMBERS INCLUDING LABOR SAFETY TRAINING.

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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 $385,319

Program Service Revenue $1,397,401

Investment Income $90

Other Revenue $0

TOTAL REVENUE $1,782,810

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,088,915

Fundraising Expenses $0

Other Expenses $589,705

TOTAL EXPENSES $1,678,620

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,782,810	$1,570,930	+0.1%
Expenses	$1,678,620	$1,738,911	0.0%
Net Income	$104,190	$-167,981	-1.6%

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

$192,533

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOMINICK WILSON	TRUSTEE	1.00	Director	$0	$0	$0
BRANDON HALL	TRUSTEE	1.00	Director	$0	$0	$0
MIKE TRAPP	TRUSTEE	1.00	Director	$0	$0	$0
JAMES THOMAS	TRUSTEE	1.00	Director	$0	$0	$0
THERESA RASMUSSEN	SECRETARY	1.00	Director	$0	$0	$0
BRANDON CAVENDER	TRUSTEE	1.00	Director	$0	$0	$0
CHRIS LALOND	TRUSTEE	1.00	Director	$0	$0	$0
HAROLD THROWER	CHAIRMAN	1.00	Director	$0	$0	$0
CHRISTOPHER LIEB	TRUSTEE	1.00	Director	$0	$0	$0
TREVOR SUNDEIM	TRUSTEE	1.00	Director	$0	$0	$0
ALBERTO HERRERA	TRAINING DIRECTOR	40.00	Officer	$126,024	$66,509	$192,533
DEE SHARP	ASSISTANT COORDINATOR	40.00	Highest	$113,422	$62,836	$176,258

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	$1,782,810	$1,678,620	$2,263,645	$104,190
2024	$1,570,930	$1,738,911	$2,186,229	$-167,981
2023	$1,668,313	$1,571,885	$2,381,412	$96,428
2022	$1,310,038	$1,255,928	$2,309,812	$54,110
2021	$1,206,579	$1,159,311	$2,278,132	$47,268
2020	$1,077,524	$1,076,671	$2,255,377	$853
2019	$1,167,739	$1,098,048	$2,170,209	$69,691

PIPE INDUSTRY EDUCATION & TRAINING FUND