PIPE INDUSTRY EDUCATION & TRAINING FUND

EIN: 846038302 Employment

COLORADO SPRINGS, CO

Total Revenue
$1,782,810
Total Expenses
$1,678,620
Total Assets
$2,263,645
Net Assets
$2,008,354
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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
CO
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

TO ASSIST THE LOCAL UNION WITH THE LICENSING AND TRAINING OF UNION MEMBERS, INCLUDING LABOR SAFETY TRAINING.

Program Service Accomplishments

Program 1

APPRENTICES AND JOURNEYMEN OBTAINED LICENSES OR ADVANCED TO MASTER LICENSES. APPRENTICES AND JOURNEYMEN WERE QUALIFIED IN ORBITAL WELDING AND GAS AND SAFETY AWARENESS CLASSES WERE PROVIDED.

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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%)

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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

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Governance

Voting Members
10
Independent Members
10
Employees
27
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
1
$192,533
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
1
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
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