PIPING INDUSTRY PROGRESS & EDUCATION TRUST FUND OF ARIZONA

EIN: 860490231

TEMPE, AZ

Total Revenue
$1,012,294
Total Expenses
$1,377,164
Total Assets
$5,292,576
Net Assets
$3,992,682
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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
1954
Legal Domicile
AZ
Principal Officer
SOLOMON GALYON
Phone
4809660377
Tax Period
2024-06-01 to 2025-05-31

PIPING INDUSTRY PROGRESS & EDUCATION TRUST FUND OF ARIZONA, founded in 1954, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $1.4M exceeded revenue, resulting in a 36% operating deficit.

Mission

PROMOTE PIPEFITTING INDUSTRY AND PROVIDE CONTINUING EDUCATION FOR ITS MEMBERS.

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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 $0
Program Service Revenue $903,900
Investment Income $79,451
Other Revenue $28,943
TOTAL REVENUE $1,012,294

Expense Breakdown

Grants Paid $1,100
Salaries & Benefits $503,935
Fundraising Expenses $0
Other Expenses $872,129
TOTAL EXPENSES $1,377,164

Year-over-Year Comparison

2024 2023 Change
Revenue $1,012,294 $857,615 +0.2%
Expenses $1,377,164 $3,782,733 -0.6%
Net Income $-364,870 $-2,925,118 -0.9%
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

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Governance

Voting Members
8
Independent Members
8
Employees
28
Volunteers
10

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
2
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AARON BUTLER ALTERNATE UNION TRUSTEE 1.00
Director
$0 $0 $0
BRETT HAMILTON EMPLOYER TRUSTEE 1.00
Director
$0 $0 $0
CHIP MARTIN ALTERNATE EMPLOYER TRUSTEE 1.00
Director
$0 $0 $0
CLINTON MCBRIDE UNION TRUSTEE 1.00
Director
$0 $0 $0
JUSTIN LANGDON UNION TRUSTEE 1.00
Director
$0 $0 $0
MARIO SANTILLI EMPLOYER TRUSTEE/CHAIRMAN 1.00
Officer Director
$0 $0 $0
MATT DEWITT EMPLOYER TRUSTEE 1.00
Director
$0 $0 $0
NICK GANEM EMPLOYER TRUSTEE 1.00
Director
$0 $0 $0
RICHARD HUDSON UNION TRUSTEE 1.00
Director
$0 $0 $0
TRAVIS LAIRD UNION TRUSTEE/SECRETARY 1.00
Officer 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
2025 $1,012,294 $1,377,164 $5,292,576 $-364,870
2024 $857,615 $3,782,733 $4,267,831 $-2,925,118
2023 $2,329,396 $2,157,382 $7,013,017 $172,014
2022 $1,955,265 $867,430 $6,990,254 $1,087,835
2021 $1,360,063 $751,413 $6,661,227 $608,650
2020 $1,907,423 $779,072 $5,053,457 $1,128,351
2019 $1,544,804 $752,197 $3,844,680 $792,607
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