PIPE TRADES TRUST FUND-447 (EIN 941268305) - 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

1953

Legal Domicile

Principal Officer

Chris McDaniel

Phone

9164570821

Tax Period

2024-07-01 to 2025-06-30

PIPE TRADES TRUST FUND-447, founded in 1953, is a mid-sized nonprofit that reported $30.3M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $33.9M exceeded revenue, resulting in a 12% operating deficit.

Mission

FUNDS MEDICAL, HOSPITAL, SURGICAL, MAJOR MEDICAL, VISION, DENTAL, LIFE INSURANCE, & DEATH BENEFITS FOR PLAN PARTICIPANTS AND THEIR DEPENDENTS.

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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 $0

Program Service Revenue $28,593,651

Investment Income $1,017,025

Other Revenue $714,900

TOTAL REVENUE $30,325,576

Expense Breakdown

Grants Paid $0

Salaries & Benefits $295,353

Fundraising Expenses $0

Other Expenses $626,764

TOTAL EXPENSES $33,914,435

Year-over-Year Comparison

	2024	2023	Change
Revenue	$30,325,576	$25,618,060	+0.2%
Expenses	$33,914,435	$27,942,573	+0.2%
Net Income	$-3,588,859	$-2,324,513	+0.5%

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

N/A

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

$213,802

Total Directors

$1,028,961

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TODD SCHIAVO	LABOR TRUSTEE	1.0	Director	$0	$63,883	$277,106
ANDREW DAVIE	LABOR TRUSTEE	1.0	Director	$0	$63,883	$254,472
ZAK NOONAN	LABOR TRUSTEE	1.0	Director	$0	$63,883	$250,352
THOMAS ATEN	LABOR TRUSTEE	1.0	Director	$0	$63,883	$247,031
CHRIS MCDANIEL	FUND ADMINISTRATOR	0.0	Officer	$153,066	$60,736	$213,802
RICHARD BERTACCHI	LABOR TRUSTEE	1.0	Director	$0	$0	$0
HARRY ROTZ	LABOR TRUSTEE	1.0	Director	$0	$0	$0
ROD BARBOUR	MANAGEMENT TRUSTEE	1.0	Director	$0	$0	$0
LARRY COOK - UNTIL 22025	MANAGEMENT TRUSTEE	1.0	Director	$0	$0	$0
RICHARD CHOWDRY	MANAGEMENT TRUSTEE	1.0	Director	$0	$0	$0
CLAIRE DONNENWIRTH	MANAGEMENT TRUSTEE	1.0	Director	$0	$0	$0
PHIL SMYTH	LABOR TRUSTEE	1.0	Director	$0	$0	$0
ANDREW BOOTH	MANAGEMENT TRUSTEE	1.0	Director	$0	$0	$0
ALEX HALL	MANAGEMENT TRUSTEE	1.0	Director	$0	$0	$0
CORY BANGS	MANAGEMENT TRUSTEE	1.0	Director	$0	$0	$0
MICHAEL POTTS	MANAGEMENT TRUSTEES	1.0	Director	$0	$0	$0
MIKE STIRLING - UNTIL 32025	MANAGEMENT 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
2025	$30,325,576	$33,914,435	$28,407,793	$-3,588,859
2024	No data	No data	No data	No data
2023	$24,335,357	$25,637,593	$28,067,285	$-1,302,236
2022	$24,573,252	$23,608,309	$27,674,576	$964,943
2021	$21,768,768	$23,687,532	$29,678,818	$-1,918,764
2020	$23,971,247	$21,709,232	$27,757,781	$2,262,015
2019	$20,990,676	$18,783,579	$24,560,480	$2,207,097
2018	$19,916,953	$18,091,499	$21,153,215	$1,825,454

PIPE TRADES TRUST FUND-447