TRICO PIPES Labor-Management Coope… - 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

1988

Legal Domicile

Principal Officer

Nick Goodwin

Phone

9252290400

Tax Period

2024-01-01 to 2024-12-31

TRICO PIPES Labor-Management Cooperation Committee Trust Fund, founded in 1988, is a small nonprofit that reported $240K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $318K exceeded revenue, resulting in a 33% operating deficit.

Mission

TO PROVIDE WORKERS AND EMPLOYERS WITH OPPORTUNITIES TO STUDY AND EXPLORE NEW AND INNOVATIVE APPROACHES TO ACHIEVING ORGANIZATIONAL EFFECTIVENESS.

Program Service Accomplishments

Program 1

IMPROVED COMMUNICATION BETWEEN LABOR AND MANAGEMENT AND TO PROVIDE WORKERS AND EMPLOYEES WITH OPPORTUNITIES TO ACHIEVE ORGANIZATIONAL EFFECTIVENESS.

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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 $204,601

Investment Income $71

Other Revenue $34,905

TOTAL REVENUE $239,577

Expense Breakdown

Grants Paid $33,500

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $284,286

TOTAL EXPENSES $317,786

Year-over-Year Comparison

	2024	2023	Change
Revenue	$239,577	$266,557	-0.1%
Expenses	$317,786	$299,131	+0.1%
Net Income	$-78,209	$-32,574	+1.4%

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

N/A

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jason Lester	Trustee	0.1	Director	$0	$0	$0
Nick Goodwin	Trustee	0.1	Director	$0	$0	$0
Alex Hall	TRUSTEE	0.1	Director	$0	$0	$0
Robert Sewell	TRUSTEE	0.1	Director	$0	$0	$0
Michael Lescure	Trustee	0.1	Director	$0	$0	$0
Bill Cawley III	Trustee	0.1	Director	$0	$0	$0
MIKE STIRLING	Trustee	0.1	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	$239,577	$317,786	$418,557	$-78,209
2023	$266,557	$299,131	$496,766	$-32,574
2022	$307,952	$244,951	$529,340	$63,001
2021	$307,101	$217,716	$466,339	$89,385
2020	$276,450	$225,190	$376,954	$51,260
2019	$300,378	$239,082	$327,694	$61,296
2018	$324,321	$242,535	$268,372	$81,786

TRICO PIPES Labor-Management Cooperation Committee Trust Fund